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April 7, 2021, 12:07 a.m. EDT

Stocks rise in Tokyo, fall in Hong Kong after lackluster day on Wall Street

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By Associated Press

TOKYO — Asian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower.

Japan’s benchmark Nikkei /zigman2/quotes/210597971/delayed JP:NIK +2.32% rose 0.3% and the Shanghai Composite index /zigman2/quotes/210598127/delayed CN:SHCOMP +1.77% sank 0.5%. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.45% gained 0.4% while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.00% added 0.2%. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +1.11% slipped 0.7%. Stocks were flat in Singapore /zigman2/quotes/210597985/delayed SG:STI -2.18% , and rose slightly in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +1.00% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.63% .

President Joe Biden said he is bumping up his deadline for states by two weeks, to April 19, to make all adults in the U.S. eligible for coronavirus vaccines, reflecting steady progress in the U.S.

Optimism about a global economic rebound from the pandemic is growing, but Venkateswaran Lavanya at Mizuho Bank’s Asia & Oceania Treasury Department noted some nations were lagging in a “divergent recovery.”

“To be sure, the aggregated growth assessment is upbeat. Global GDP contraction for 2020, at 3.3%, was not as bad as the 4.4% drop expected earlier,” Lavanya said, referring to gross domestic product.

The International Monetary Fund said it  expects global economic growth  to accelerate this year as vaccine distribution ramps up and the world rebounds. The 190-country lending agency said it expects the world economy to expand 6% in 2021, up from the 5.5% it had forecast in January. That would be the fastest expansion in IMF records dating back to 1980.

Trading in Toshiba Corp.’s shares /zigman2/quotes/205628942/delayed JP:6502 +0.89% was halted after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal .

Toshiba said it was seeking more details on the proposal, giving it “careful consideration” and would make an announcement “in due course.” The Japanese financial newspaper Nikkei reported that CVC Capital Partners was looking into acquiring the company for 2 trillion yen ($18 billion).

On Wall Street, stocks finished slightly lower, pulling the market back from all-time highs reached a day earlier. Technology and health care stocks accounted for much of the decline.

The S&P 500 /zigman2/quotes/210599714/realtime SPX +1.49% snapped a three-day winning streak, slipping 0.1% to 4,073.94, after wavering between small gains and losses. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.06% fell 0.3% to 33,430.24. Both indexes set all-time highs Monday. The tech-heavy Nasdaq composite /zigman2/quotes/210598365/realtime COMP +2.32% slipped 0.1% to 13,698.38.

In energy trading, benchmark U.S. crude edged up 9 cents to $59.42 a barrel in electronic trading on the New York Mercantile Exchange. It gained 68 cents to $59.33 per barrel on Tuesday. Brent crude , the international standard, rose 7 cents to $62.81 a barrel.

In currency trading, the U.S. dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0265% was at 109.82 Japanese yen, nearly unchanged from 109.81 yen late Tuesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,084.47
+636.46 +2.32%
Volume: 0.00
May 14, 2021 3:15p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,490.38
+60.84 +1.77%
Volume: 33.70B
May 14, 2021 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,014.20
+31.50 +0.45%
Volume: 520,962
May 14, 2021 5:18p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,153.32
+31.21 +1.00%
Volume: 836,404
May 14, 2021 3:32p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,027.57
+308.90 +1.11%
Volume: 1.88M
May 14, 2021 4:08p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,055.02
-68.24 -2.18%
Volume: 0.00
May 14, 2021 5:20p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
15,827.09
+156.99 +1.00%
Volume: 0.00
May 14, 2021 1:33p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,938.35
-37.44 -0.63%
Volume: 0.00
May 11, 2021 3:00p
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/zigman2/quotes/205628942/delayed
JP : Japan: Tokyo
¥ 4,510.00
+40.00 +0.89%
Volume: 4.90M
May 14, 2021 3:00p
P/E Ratio
17.95
Dividend Yield
1.77%
Market Cap
¥2046.84 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
4,173.85
+61.35 +1.49%
Volume: 1.91B
May 14, 2021 5:02p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,382.13
+360.68 +1.06%
Volume: 307.38M
May 14, 2021 5:02p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,429.98
+304.99 +2.32%
Volume: 3.61M
May 14, 2021 5:16p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.3750
+0.0290 +0.0265%
Volume: 0.0000
May 14, 2021 4:59p
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