Asia-Pacific stocks started mixed Thursday, as a number of the region’s markets looked to extend four-day winning streaks.
So-called defensive stocks led Japan’s market higher, signaling market caution on U.S. trade, political and monetary-policy developments. The Nikkei NIK, +0.18% was up 0.2%, but auto stocks lagged after Wednesday’s traded-fueled jump. Suzuki 7269, -4.01% and auto-parts maker Denso 6902, -3.07% dropped about 3%. Among big-cap movers, furniture retailer Nitori 9843, +3.53% was up 3.1% while ground-transportation firm Yamato 9064, +2.45% and health care-equipment maker Sysmex 6869, +1.91% rose some 2%.
Hong Kong’s Hang Seng HSI, -0.58% opened lower, with smartphone-component makers AAC 2018, -3.62% and Sunny Optical 2382, -1.11% reversing some of this week’s rebound. Tencent 0700, +0.11% was off 1%, but smartphone maker Xiaomi 1810, +2.49% jumped 3% after its second-quarter report and insurer Ping An 2318, +2.13% rose 1.5% to build on post-second-quarter gains.
Chinese stocks ticked up, with the Shanghai Composite SHCOMP, +0.01% and Shenzhen Composite 399106, +0.35% recovering from the previous day’s losses, led by financials and real estate while commodities names lagged.
Australia’s ASX 200 XJO, -0.34% slipped, with Santos STO, +9.57% and Qantas Airways QAN, -3.12% among the biggest movers. New Zealand’s NZX 50 NZ50GR, -0.19% was on track so snap a seven-session win streak, including record closing highs for the past three days. Air New Zealand AIR, -3.23% falling 2% following its earnings report and Wednesday’s 3% jump in oil prices. .
South Korea’s Kospi SEU, -0.10% was about flat, as Samsung 005930, -0.65% retreated slightly. Taiwan’s Taiex Y9999, +0.18% rose, as did benchmarks in Singapore STI, +1.45% , Malaysia FBMKLCI, +0.48% and Indonesia JAKIDX, +0.88% , which were closed for holidays Wednesday.