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Asia-Pacific stocks mixed

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Stocks in Asia-Pacific were mixed in Wednesday trade after major indexes on Wall Street snapped their multi-day winning streaks overnight.

Mainland Chinese stocks were higher in early trade: The Shanghai composite gained 0.3% while the Shenzhen component advanced 0.633%. Hong Kong’s Hang Seng index rose 0.83%.

The Nikkei 225 in Japan slipped 0.57% in morning trade on Wednesday, after surging more than 2% on Tuesday to close at a level not seen since August 1990, according to data from Refinitiv. The Topix index dipped 0.73%.

Elsewhere, South Korea’s Kospi rose 0.24%. Shares in Australia fell, with the S&P/ASX 200 down 0.76%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.38% higher.

Wednesday is the final trading day in 2020 for stocks in Japan and South Korea as their markets will be closed on Thursday.

The Dow Jones Industrial Average dipped 68.30 points to close at 30,335.67. The S&P 500 ended its trading day 0.2% lower at 3,727.04, while the Nasdaq Composite slipped 0.4% to close at 12,850.22. Tuesday’s losses stateside snapped a three-day winning streak for both the Dow and S&P 500.

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