Asian stocks were mixed as a slump in banking stocks outweighed the boost provided by Tencent Holdings Ltd.'s strong profit growth.
The MSCI Asia Pacific Index slipped 0.2 percent to 174.30 as of 5:46 p.m. in Hong Kong. For every five stocks that fell, four rose.
Agricultural Bank of China Ltd., HSBC Holdings Plc and Hang Seng Bank Ltd. fell in Hong Kong after paying out dividends. Tencent closed 3.7 percent higher and gained $18 billion in value after delivering record profit that topped analyst estimates.
Taiex -0.6%, Kospi index -0.5%, Kospi 200 index -0.5%., S&P/ASX 200 -0.2%, New Zealand’s S&P/NZX 50 +0.6%.
India’s S&P BSE Sensex Index -0.7%, NSE Nifty 50 Index -0.6%.
Straits Times Index +0.1%, Malaysia’s KLCI +0.2%, Philippines Stock Exchange PSEi Index -2.3%, Jakarta Composite -0.4%, Thailand’s SET Index little changed, Vietnam’s VN Index -2.3%.