Asian markets mixed amid global geopolitical uncertainty

on Feb28
by | Comments Off on Asian markets mixed amid global geopolitical uncertainty |

Asian stocks were mixed in early trading Thursday as investors remained cautious amid a spate of worldwide geopolitical concerns, including President Donald Trump’s summit with North Korean leader Kim Jong Un, U.S.-China trade talks, testimony by former Trump lawyer Michael Cohen, Brexit and conflict between India and Pakistan.

Japan’s Nikkei














NIK, -0.37%












  slipped 0.3%, while Hong Kong’s Hang Seng














HSI, +0.20%












  rose slightly. In mainland China, the Shanghai Composite














SHCOMP, -0.12%












  fell about 0.3% on disappointing factory-activity data, while the smaller-cap Shenzhen Composite














399106, +0.45%












  rose about 0.2%. South Korea’s Kospi














SEU, -0.52%












  fell 0.5%, weighed by falling tech stocks, and benchmarks in Taiwan














Y9999, -0.02%












  and Indonesia














JAKIDX, -0.23%












  dropped as well.

Read: China’s factory activity drops to lowest level in 3 years

Among individual stocks, robotics maker Fanuc














6954, -1.75%












  fell in Tokyo trading, while oil producer Inpex














1605, +0.60%












  gained. AIA Group














1299, +2.01%












  and HSBC














0005, +1.01%












  rose in Hong Kong, while Apple














AAPL, +0.31%












  supplier AAC














2018, -1.15%












  continued its losing streak. Samsung














005930, -2.57%












  and SK Hynix














000660, -4.88%












 slumped in Korea, following a decline in U.S. semiconductor stocks. Mining giant Rio Tinto














RIO, +1.09%












  and Beach Energy














BPT, +0.48%












  gained in Australia.

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