Asian stocks were mixed on Friday

Asian stocks ere mixed on Friday as concerns lingered over the economic impact of the ongoing coronavirus outbreak.

Asian Shares

  • In mainland China, shares jumped on the day.
  • The Shenzhen component was up 1.05% to 11,629.70 while the Shenzhen composite jumped 1.125% to 1,907.35.
  • The Shanghai composite rose 0.31% to about 3,039.67.
  • Stocks in South Korea led losses among major markets in the region, with the Kospi falling 1.49% to close at 2,162.84 as shares of SK Hynix dropped 0.96%.
  • Hong Kong’s Hang Seng index slipped 1.1% as of its final hour of trading, with shares of conglomerate Ping An Insurance shedding 0.93% following the release of its earnings on Thursday for the year ended Dec. 31, 2019.
  • Over in Japan the Nikkei 225 closed 0.39% lower at 23,386.74 as shares of index heavyweight and conglomerate SoftBank Group gained 2.4%. The Topix index ended its trading day largely flat at 1,674.
  • Meanwhile, shares in Australia were lower, with the S&P/ASX 200 down 0.33% to close at 7,139 as shares of Wesfarmers dropped 1.96%.
  • Overall, the MSCI Asia ex-Japan index was 0.92% lower.

Currencies

  • The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 99.835 after seeing lows around 99.5 yesterday.
  • The Japanese yen traded at 111.92 after weakening from levels around 111.2 yesterday.
  • The Australian dollar changed hands at $0.6595 after dropping steeply from levels above $0.664 yesterday.

Oil Prices

Oil prices were lower in the afternoon of Asian trading hours.

  • International benchmark Brent crude futures down 1.13% to $58.64 per barrel.
  • U.S. crude futures also declined 0.97% to $53.36 per barrel.

Source: cnbc.com

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