Asian shares mixed amid dismal earnings, Wall Street slump

Asian shares were mixed Wednesday as reports of dismal company earnings add to pessimism over the widespread economic fallout from the coronavirus pandemic.

Asian Shares

  • Tokyo’s Nikkei 225 index lost 0.9% after Fitch Ratings downgraded its outlook for Japan to “negative” from “stable.”
  • The Nikkei 225 gave up 218.83 points to 22,438.55.
  • South Korea’s Kospi added 0.3% to 2,263.35.
  • Australia’s S&P/ASX 200 slipped 0.3% to 6,001.90.
  • Hong Kong’s Hang Seng was little changed at 24,773.44.
  • The Shanghai Composite jumped 1.1% to 3,261.76.

Oil Prices

  • Benchmark U.S. crude oil added 1 cent to $41.05 a barrel in electronic trading on the New York Mercantile Exchange. It lost 56 cents to $41.04 per barrel on Tuesday.
  • Brent crude, the international standard, gained 11 cents to $43.33 per barrel.

Currencies

  • The U.S. dollar slipped to 105.04 Japanese yen from 105.07 yen on Tuesday.
  • The euro cost $1.1728, up slightly from $1.1718.

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