Asia Markets

Taiwan's Taiex jumps 1.6% in mixed Asia-Pacific trading day; Tencent shares plunge more than 3%

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Key Points
  • Shares of Tencent in Hong Kong dropped 3.37% on Friday, despite the Chinese tech behemoth posting a 65% surge in its quarterly profit on Thursday.
  • Stocks on Wall Street rose overnight stateside, bouncing back after three straight days of losses.

SINGAPORE — Shares in Asia-Pacific were mixed on Friday following an overnight bounce on Wall Street.

The Taiex in Taiwan jumped 1.62% on the day to 16,302.06. India's Nifty 50 also saw robust gains, rising 1.3%, as of about 1:47 p.m. local time.

Mainland Chinese markets closed lower, with the Shanghai composite down 0.58% to 3,486.56 while the Shenzhen component slipped 0.809% to 14,417.46.

In Hong Kong, the Hang Seng index closed little changed at 28,458.44. Shares of Tencent in Hong Kong dropped 3.37% on Friday, despite the Chinese tech behemoth posting a 65% surge in its quarterly profit on Thursday.

Japan's Nikkei 225 rose 0.78% to close at 28,317.83 while the Topix index gained 0.46% to end the trading day at 1,904.69. South Korea's Kospi closed 0.19% lower at 3,156.42.

Meanwhile in Australia, the S&P/ASX 200 gained 0.15% to 7,030.30.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.18% higher.

Overnight stateside, the S&P 500 gained around 1.1% to 4,159.12 while the Nasdaq Composite surged 1.77% to 13,535.74. The Dow Jones Industrial Average rose 188.11 points to 34,084.15. Those gains on Wall Street came on the back of three straight days of losses.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.819 — off levels above 90 seen earlier in the week.

The Japanese yen traded at 108.62 per dollar, stronger than levels above 109.2 against the greenback seen earlier this week. The Australian dollar changed hands at $0.774 following a recent rise from around $0.772.

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures slipping 0.71% to $64.65 per barrel. U.S. crude futures shed 0.48% to $61.64 per barrel.