Asian markets traded mixed Friday as investors continued to weigh the effects of the Fed’s tapering decision Wednesday to begin winding down stimulus measures.
Earlier Friday, the Bank of Japan kept its own asset-purchase levels and monetary policy unchanged.
Stocks on the Move
Panasonic edged up 0.2% after a Nikkei newspaper report the company planned to close two chip plants in Japan. Panasonic’s partner Fujitsu added 4% even as a brokerage cited a report saying the company is looking for partners for a separate chip-making factory.
Kyocera was down 1.3% while Toshiba gave up about a percent.
Mazda accelerated 3.5% but Nissan reversed 2.4%.
China Everbright fell 2% on its debut after raising $3 billion in Hong Kong’s largest public offering in 2013, and listing successfully on its third attempt. Shares were also weighed by an increase in money-market rates, pushing the cost of borrowing to its highest level since a cash crunch earlier in the year.
ONGC and Wipro were the top gainers on the Sensex, up 2.5% each. Maruti Suzuki was up 2.4% while Hero MotoCorp rose 2.2%. RIL gained 2.1% and HUL was up 2%.
Telstra Corp. was up 1.8% in Sydney after the company agreed to sell its Hong Kong-based mobile business to HKT for $2.4 billion. HKT shares were up 6.7%.
Rouhan Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.