Skip to main content
Thursday, November 12, 2026Nov 12
Subscribe
All Sections
Search
More

Asian shares mixed as dollar gains against yen, China yuan

In this Tuesday, Oct. 25, 2016, photo, a pedestrian walks past the New York Stock Exchange, in lower Manhattan. U.S. stocks are edging higher early Thursday, Oct. 27, as health care companies rise following strong earnings for companies including drugmaker Bristol-Myers Squibb. Real estate companies continue to fall, and banks move higher as bond yields surge. Chipmaker Qualcomm said it will buy competitor NXP Semiconductors for $38 billion. (AP Photo/Mary Altaffer)
In this Tuesday, Oct. 25, 2016, photo, a pedestrian walks past the New York Stock Exchange, in lower Manhattan. U.S. stocks are edging higher early Thursday, Oct. 27, as health care companies rise following strong earnings for companies including drugmaker Bristol-Myers Squibb. Real estate companies continue to fall, and banks move higher as bond yields surge. Chipmaker Qualcomm said it will buy competitor NXP Semiconductors for $38 billion. (AP Photo/Mary Altaffer) In this Tuesday, Oct. 25, 2016, photo, a pedestrian walks past the New York Stock Exchange, in lower Manhattan. U.S. stocks are edging higher early Thursday, Oct. 27, as health care companies rise following strong earnings for companies including drugmaker Bristol-Myers Squibb. Real estate companies continue to fall, and banks move higher as bond yields surge. Chipmaker Qualcomm said it will buy competitor NXP Semiconductors for $38 billion. (AP Photo/Mary Altaffer)

By Associated Press 2 min read

TOKYO (AP) – Asian shares were mixed Friday as a weaker yen sent Japan’s benchmark higher, despite persisting gloom from Wall Street’s recent declines.

KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 0.6 percent to 17,446.41 and the Shanghai Composite index inched up less than 0.1 percent to 3,112.91. Australia’s S&P/ASX 200 dipped 0.2 percent to 5,283.80, while South Korea’s Kospi fell 0.4 percent to 2,016.43. Hong Kong’s Hang Seng lost 0.7 percent at 22,963.50. Shares in Taiwan rose while Southeast Asian markets were mixed.

JAPAN DATA: Japan reported weaker inflation in September, though consumer spending showed signs of recovery. Core-core inflation excluding volatile food and energy prices fell to a three-year low of 0.2 percent. The mixed signals come as the central bank prepares for a policy meeting next week that is not expected to yield significant changes.

WALL STREET: The Dow Jones industrial average fell 29.65 points, or 0.2 percent, to 18,169.68. The Standard & Poor’s 500 index sank 6.39 points, or 0.3 percent, to 2,133.04. The Nasdaq composite lost 34.29 points, or 0.7 percent, to 5,215.97.

THE QUOTE: “We remain cautious on shares in the short term as event risk is high for the months ahead including ongoing debate around the Fed and ECB, issues around Eurozone banks, the U.S. election on Nov. 8 and the Italian Senate referendum and Austrian presidential election re-run, both on Dec. 4,” said Shane Oliver, head of investment strategy and chief economist at AMP Capital in Sydney.