By Dow Jones Newswire
With a number of Southeast Asian markets closed for a holiday on Wednesday, equities in the rest of the Asia-Pacific region turned in a mixed performance. But S&P 500 futures were down 0.2% in the wake of the fresh political storm encircling President Donald Trump with Paul Manafort’s conviction and Michael Cohen’s guilty pleas.
Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.55% gained 0.6% to 22,362.55. Automakers rose, with Toyota /zigman2/quotes/203803129/delayed JP:7203 +1.70% up 2.3% and Honda /zigman2/quotes/200490352/delayed JP:7267 +2.11% adding 1.9%.
Chinese stocks fell after two days of 1%-plus gains that had reversed some of last week’s sharp declines. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.27% declined 0.7%, while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.19% lost 1.1%. Insurance stocks rose amid Ping An’s /zigman2/quotes/202773380/delayed CN:601318 -0.10% strong results, released after the close on Tuesday. Ping An’s A shares climbed 2.5%.
In Hong Kong, the Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -0.05% added 0.6% to 27,925.83. Ping An /zigman2/quotes/210301384/delayed HK:1833 -0.81% surged 3.3%, while HSBC /zigman2/quotes/202687335/delayed HK:5 +0.10% and China Mobile /zigman2/quotes/200868736/delayed HK:941 -0.30% fell.
Australia’s benchmark /zigman2/quotes/210598100/delayed AU:XJO +1.30% added to Tuesday’s underperformance, pressured further by fresh 1% declines in financials and miners. Stocks were up again in New Zealand, though, with the NZX 50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.56% rising 0.5% to a record close of 9,162.61.
South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.63% gained 0.1% to 2,273.33, as Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.59% rose 2.9%. Taiwan’s Taiex nudged up 0.1% to 10,804.20. Indexes in Singapore, Malaysia and Indonesia were closed for holidays.