Asian stocks mostly decline with Hong Kong and Shanghai up

Asian stocks mostly decline with Hong Kong and Shanghai up

On Friday, Asian stocks mostly slid, with China bucking the trend because market participants look ahead to a gathering of top finance officials from the world's key economies this weekend in Italy.

The Nikkei 225 lost 0.63%, South Korea's Kospi tumbled 0.54%. Additionally, Australia's benchmark S&P/ASX 200 index went down 1%.

The Shanghai Composite soared 0.39%, while Hong Kong's Hang Seng Index tacked on 0.07%.

In retail stocks were mixed following softer lead from American retailers in the prior session, with South Korea's Lotte Shopping inching up 2.73%, although Australian retailers mostly dived. As for Myer stocks, they lost 2.55% and Harvey Norman decreased 2.8%.

Overnight, American stocks concluded lower, driven by a dip in retail stocks, after Macy reported dismal quarterly results, while stocks of Snap edged down 21%.

The Dow Jones Industrial Average showed 20,919.42, tacking on 0.11%. As for the S&P 500, it slid 0.19%, while the Nasdaq Composite hit 6115.96, edging down 0.22%.

Similar

European equities pause

On Monday, European equities got off to a weak start after two winning weeks, with cyclical shares among the biggest divers, while M&A was still in focus…

Asian markets mostly ascend

On Monday, Asian equities mostly soared in Asia, with market participants upbeat on American returns so far in 2018, even considering they take a breather with financial markets in the USA unavailable for the martin Luther King holiday…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera