Asian markets were mixed in cautious early trading Friday, after President Donald Trump canceled his upcoming summit with North Korean leader Kim Jong Un.
Japan��s Nikkei NIK, +0.11% � was off 0.1%, after initially dropping 0.5%, as the dollar JPYUSD, -0.294770% � pushed above 楼109.50 to session highs from 楼109.30. Commodity-related names were leading the way lower for Japanese stocks as they were poised to notch their first down week in two months. The marine-transportation sector was off 1.6%, the weakest performer in the Topix. Mining was off 1.1% following a sizable drop overnight in oil prices LCON8, -0.18% �. But that had the airline sector up 1%. Meanwhile, auto stocks were extending Thursday��s sharp selloff, with Honda 7267, -0.68% � and Toyota 7203, -1.25% � off nearly 1% more.
Hong Kong stocks started modestly weaker, with the Hang Seng Index HSI, -0.26% � off 0.4%, with energy stocks again a sore spot.
After a strong rebound Thursday, Singapore��s Straits Times Index STI, -0.03% � was down 0.3%, on the way to a second-straight weekly decline, which hasn��t happened since early February. Telecom stocks were down, with StarHub CC3, -1.89% � off nearly 1%. Weakness was also seen in bank and property names.
Malaysian stocks FBMKLCI, +1.04% � started strongly higher after two days of heavy selling.
Stocks in South Korea SEU, +0.01% � and Taiwan Y9999, +0.23% � were up modestly, while Australian stocks XJO, -0.06% � dipped lower.
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Comment Related Topics Asia Markets China Japan Australia Singapore Foreign Investment Quote References NIK +23.94 +0.11% JPYUSD -0.000027 -0.294770% LCON8 -0.14 -0.18% 7267 -24.00 -0.68% 7203 -90.00 -1.25% HSI -78.81 -0.26% STI -1.08 -0.03% CC3 -0.04 -1.89% FBMKLCI +18.39 +1.04% SEU +0.27 +0.01% Y9999 +24.96 +0.23% XJO -3.80 -0.06% Show all references MarketWatch Partner Center Most Popular
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