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July 23, 2021, 12:15 a.m. EDT

Asian markets mixed as Wall Street ticks higher

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By Associated Press

BANGKOK — Asian markets were mixed on Friday after major indexes edged higher on Wall Street, preserving their gains for the week.

Regional trading was muted, with markets in Japan closed for a holiday ahead of the opening ceremony for the Tokyo Olympics.

The Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +1.03% in Hong Kong lost 1% and the Shanghai Composite index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.19% gave up 0.7%. In Seoul, the Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.33% was 0.1% higher, while Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.76% gained 0.1%. Stocks fell in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.22% , Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.01% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.38% .

Surges in coronavirus cases around the region are prompting governments to tighten pandemic restrictions that are expected to slow business activity and keep travel to a minimum.

Thailand reported a daily record of 14,575 cases, with 114 deaths, as a stricter set of limits went into effect in many areas. The central bank, meanwhile, has said this latest, worst outbreak could cause the economy to contract by 2% this year, instead of the recovery it had earlier forecast.

The declines came as Bloomberg reported regulators were planning more penalties for ride-sharing giant Didi /zigman2/quotes/227703899/composite DIDI +1.59% , whose shares in New York sank 11.3% on Thursday.

Didi’s shares have declined more than 25% since they began trading in New York last month, amid a crackdown by the Chinese government on technology companies.

“Asian equities traded sideways on Friday, mirroring choppy price action on Wall Street overnight,” Anderson Alves of ActivTrades said in a commentary. “However, pandemic concerns continue to weigh on the market.”

On Thursday, the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.91% rose 0.2% to 4,367.48. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.48% added 0.1% to 34,823.35. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -0.91% gained 0.4% to 14,684.60.

Investors are nervous about the risk that the more contagious delta variant of COVID-19, which is spreading rapidly, might disrupt the recovery from last year’s pandemic shocks.

The 10-year Treasury note’s yield rose to 1.28% from 1.26% Thursday. The benchmark yield has recovered from its low yields earlier in the week, but is still trading at relatively low levels given that the economy is in a recovery.

In other trading Friday, U.S. benchmark crude oil lost 27 cents to $71.64 per barrel in electronic trading on the New York Mercantile Exchange. It surged $1.61 to $71.91 on Thursday. Brent crude , the international pricing standard, shed 27 cents to $73.52 per barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.2287% rose to 110.29 Japanese yen from 110.14 yen.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,920.76
+252.91 +1.03%
Volume: 3.10M
Sept. 17, 2021 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,613.97
+6.87 +0.19%
Volume: 51.69B
Sept. 17, 2021 3:01p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,140.51
+10.42 +0.33%
Volume: 589,244
Sept. 17, 2021 3:32p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,403.70
-56.50 -0.76%
Volume: 1.61M
Sept. 17, 2021 5:54p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,071.23
+6.69 +0.22%
Volume: 0.00
Sept. 17, 2021 5:20p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
17,276.79
-1.91 -0.01%
Volume: 0.00
Sept. 17, 2021 1:31p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,133.25
+23.30 +0.38%
Volume: 0.00
Sept. 17, 2021 3:00p
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/zigman2/quotes/227703899/composite
US : U.S.: NYSE
$ 8.30
+0.13 +1.59%
Volume: 16.47M
Sept. 17, 2021 4:01p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$40.03 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,432.99
-40.76 -0.91%
Volume: 3.79B
Sept. 17, 2021 5:25p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,584.88
-166.44 -0.48%
Volume: 577.97M
Sept. 17, 2021 5:25p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
15,043.97
-137.96 -0.91%
Volume: 6.16M
Sept. 17, 2021 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.9940
+0.2510 +0.2287%
Volume: 0.0000
Sept. 17, 2021 4:59p
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