By Dow Jones Newswire
Asian stock markets were mixed Wednesday as Japan’s midsession recovery had faded anew by the close, led by losses from the auto, energy and insurance sectors.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.39% closed down nearly 0.7% after the index set 27-year closing highs both Monday and Tuesday. Major automakers tumbled, with Toyota /zigman2/quotes/203803129/delayed JP:7203 +1.10% off more than 2% and Honda /zigman2/quotes/200490352/delayed JP:7267 -0.07% sinking some 4%. Auto parts maker Denso /zigman2/quotes/201343434/delayed JP:6902 -0.34% lost 3%, extending this week’s declines. Dai-ichi Life /zigman2/quotes/208507587/delayed JP:8750 +0.89% fell amid the recent downtick on bond yields.
Hong Kong stocks started lower following yesterday’s 2.4% drop, made an intraday charge into the green but ultimately closed lower. The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.09% was down 0.1%. Tech heavyweight Tencent /zigman2/quotes/204605823/delayed HK:700 -2.20% fell 0.3% after a mixed session. Meanwhile, insurer AIA /zigman2/quotes/203565558/delayed HK:1299 -0.69% was off a further 2.5%.
Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.33% extended gains, up 0.3%, with gold mining companies such as Newcrest Mining /zigman2/quotes/203840223/delayed AU:NCM +1.45% and Evolution Mining /zigman2/quotes/206059650/delayed AU:EVN +0.22% rallying as gold prices hit a nearly two-week high.
New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.07% slipped, as did Taiwan’s Taiex , while stocks in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.55% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -1.01% posted solid gains. Markets in China and South Korea were closed for holidays.