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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