Asian stocks were mixed as materials and energy companies rose, while consumer equities declined. Hong Kong shares extended a record-breaking winning streak while Japanese stocks slid for a second day as the yen continued to strengthen against the dollar.
About seven stocks fell for every five that gained in the MSCI Asia Pacific Index, which rose 0.3 percent to 180.87 as of 4:46 p.m. in Hong Kong after Thursday’s retreat from an all-time high.
Japan’s Topix fell the most in almost a month after a technical indicator signaled that recent gains to a 26-year high have been too fast. Hong Kong’s Hang Seng Index rallied for a 14th straight day as oil producers Cnooc Ltd. and PetroChina Co. climbed.
Taiex +0.7%, halting three straight day of declines, Kospi +0.3%, 1st gain in 4 days; Kospi 200 +0.3%, S&P/ASX 200 little changed; New Zealand’s S&P/NZX 50 -0.1%.
Straits Times Index +0.2%; Malaysia’s KLCI +0.3%; Jakarta Composite Index -0.3%; Philippine Stock Exchange Index little changed; Vietnam’s VN-Index +0.2%; Thailand’s SET Index +0.6%.
India’s Sensex little changed, Nifty 50 Index -0.2%.