Asian stocks were mixed, stalling their climb to a new record, as the best start to a year for the region's equities in over a decade spurred some investors to lock in gains. Technology shares fell while oil producers rose as crude traded near its highest level since 2014.
About seven shares fell for every six that rose in the MSCI Asia Pacific Index, which was little changed at 180.62 as of 4:54 p.m. in Hong Kong after closing at a record high Tuesday. Australia stocks sank from a 10-year high, while South Korea’s Kospi fell for a second day as Samsung Electronics Co. extended its loss after earnings missed analysts’ estimates.
Taiex -0.8%, most in two week, Kospi -0.4%, Kospi 200 -0.8%, S&P/ASX 200 -0.6%, New Zealand’s S&P/NZX 50 -0.8%.
Straits Times Index -0.3%; Malaysia’s KLCI -0.2%; Jakarta Composite Index little changed; Philippine Stock Exchange Index little changed; Vietnam’s VN-Index +0.4%; Thailand’s SET Index +0.1, India’s Sensex little changed; SGX Nifty 50 Index -0.1%.