Asian stocks fluctuated, with Japan stocks declining after the yen strengthened against the U.S. dollar. South Korea’s Hyundai Motor Co. fell after quarterly profit missed estimates, while China banks extended gains on earnings optimism.
The MSCI Asia Pacific Index was little changed at 186.67 as of 5:01 p.m. in Hong Kong. Japan’s key stock gauges declined, led by electronics makers as the yen’s appreciation fanned concern about profit outlooks. Hyundai Motor Co. and related stocks were among the region’s worst performers. Chinese banks dominated financial stocks that boosted the regional measure, which is set for its longest stretch of weekly gains since July 2014. Australia and India markets are closed for holidays.
Source : Bloomberg