Asian stocks mostly higher after mixed Wall Street day

Trader Michael Milano work on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)
Trader Thomas Lee works on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)
Trader John Panin works on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)
Traders Jeffrey Vazquez, left, and Frank Masiello confer on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)
Trader Jeffrey Vazquez's glasses reflect the screen of his handheld device as he works on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)
Trader Peter Castelli works on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)
Traders Edward Curran, center, and Tommy Kalikas, right, work on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)
Traders Ryan Falvey, left, and Andrew Silverman work on the floor of the New York Stock Exchange, Thursday, April 11, 2019. U.S. stocks moved slightly higher in morning trading Thursday as investors prepare for the latest round of corporate earnings. (AP Photo/Richard Drew)

BEIJING — Asian stock markets were mostly higher Friday after a mixed Wall Street close on listless trading.

Benchmarks in Tokyo, Sydney and Seoul rose. China's main index was up 1 point while Hong Kong retreated.

Investors watched for Chinese trade data due out Friday.

Traders were hoping for a "good set of figures" from Beijing following unexpectedly strong March manufacturing and inflation data, said Jingyi Pan of IG in a report.

Major U.S. stock indexes closed unevenly Thursday after losses in health care stocks mostly offset gains in industrial companies and banks. Major European indexes closed mostly higher.

In Asia, Tokyo's Nikkei 225 index rose 0.6% to 21,841.95 and the Shanghai Composite Index stood at 3,190.78. Seoul's Kospi advanced 0.2% to 2,228.02 and Sydney's S&P-ASX 200 added 0.2% to 6,236.60.

Hong Kong's Hang Seng shed 0.2% to 29,776.62. New Zealand and Southeast Asian markets declined while Taiwan advanced.

On Wall Street, the Standard & Poor's 500 added less than 0.1% to 2,888.32. The Dow Jones Industrial Average fell 0.1%, to 26,143.05. The Nasdaq composite slid 0.2%, to 7,947.36.

The U.S. market gave back some of the previous day's gains after minutes from the latest Federal Reserve meeting showed the majority of officials want to keep interest rates unchanged. Investors want the central bank to take a more laid-back approach to avoid triggering a market slump.

Traders are focused on company earnings reports the next few weeks in hopes of gleaning fresh clues about the trajectory of the economy.

Analysts expect companies in the S&P 500 to report a 3.3% drop in earnings per share from a year earlier, which would be the first decline since the spring of 2016. The expected drop in profits is due almost entirely to weaker profit margins.

ENERGY: Benchmark U.S. crude gained 15 cents to $63.73 per barrel in electronic trading on the New York Mercantile Exchange. The contract dropped $1.03 on Thursday to close at $63.58. Brent crude, used to price international oils, added 10 cents to $70.93 per barrel in London. It fell 90 cents the previous session to $70.83.

CURRENCY: The dollar gained to 111.72 yen from Thursday's 111.66 yen. The euro rose to $1.1289 from $1.1257.

People also read these

N. Korea says UN condemnation of missile tests 'provocation'

Aug 27, 2016

North Korea has expressed anger at United Nations Security Council discussions over a statement denouncing the country's latest submarine-launched missile test

Seattle weighs new rules for businesses with hourly workers

Aug 30, 2016

Seattle leaders have proposed new rules for retail and food-service businesses with hourly employees, including requiring them to schedule shifts two weeks in advance

Asian stocks mixed ahead of US jobs data

Aug 31, 2016

Asian stocks are mixed Wednesday in listless trading ahead of jobs data later this week and continued anticipation of higher interest rates in the U.S. Japan's benchmark Nikkei 225 gained 0.8 percent to 16,857.07 in morning trading

Walk The Biz welcomes all casual and easygoing readers who seeks to digest business travel to international trade policy to starting in the transportation & shipping industry.

Contact us: sales@walkthebiz.com

Subscribe to our newsletter now!

Name:

Email: