Mon. Sep 28th, 2020

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Asia-Pacific markets motley

1 min read

Stocks in Asia-Pacific were mixed in Friday morning trade as investors watched regional technology stock movements following a decline in the sector stateside overnight.

Mainland Chinese stocks were mixed, with the Shanghai composite down slightly while the Shenzhen component rose 0.349%. Hong Kong’s Hang Seng index advanced 0.33%.

Meanwhile, Australia’s S&P/ASX 200 fell 0.96%. Shares of major miner Rio Tinto dipped around 0.2% after the firm announced its chief executive will be stepping down “by mutual agreement.” That came following a board-led review over the legal destruction of historically significant Aboriginal rockshelters. Other major miners saw larger downward moves, with Fortescue Metals Group down about 3.4% while BHP fell 1.41%.

Elsewhere, Japanese stocks saw gains, as the Nikkei 225 rose 0.27% while the Topix index advanced 0.48%. South Korea’s Kospi declined 0.63%.

Overall, the MSCI Asia ex-Japan index traded 0.23% lower.

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