Shares in Asia mostly traded mixed on Friday morning following a turbulent session on Wall Street that saw the Dow Jones Industrial Average plunge more than 600 points at its low.
Shanghai composite was largely flat while the Shenzhen composite saw a 0.322 percent decline and the Shenzhen component slipped 0.380 percent.
Meanwhile, Hong Kong’s Hang Seng index traded slightly higher and South Korea’s Kospi gained 0.44 percent.
The ASX 200 in Australia gained 0.55 percent, with the sectors mostly higher. The heavily weighted financial subindex rose 1.49 percent as shares of Australia’s so-called Big Four banks saw gains. Australia and New Zealand Banking Group climbed up by 1.27 percent, Commonwealth Bank of Australia rose 1.46 percent, Westpac gained 1.82 percent and National Australia Bank advanced 1.78 percent.
Japan’s Nikkei 225 and Topix index, however, both slipped around 0.6 percent in morning trade after two straight days of gains. Shares of Fast Retailing, the company behind the Uniqlo chain of apparel stores, lost their earlier gains to drop about 1.6 percent.
The moves in Japan came after the country’s central bank released its summary of opinions from its December monetary policy meeting, where it noted the “heightening” of downside risks to economic activity.
“Regarding the outlook for the global economy, risks have been tilted to the downside on the whole amid heightening uncertainties and a prevailing view that such situation will be protracted,” said the note from the Bank of Japan.
from Update News Zone http://bit.ly/2LEdwXn
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