Asian stocks fell, as technology shares from Samsung Electronics Co. to Nintendo Co. declined
The Nikkei 225 in Tokyo gained 28.16 points, or 0.2%, to 15,646.23.
The Hang Seng Index in Hong Kong added 24.64 points, or 0.1%, to 24,756.85, extending a more than three-year high.
Samsung sank 3.7% in Seoul as the world’s biggest maker of smartphones posted net income that missed estimates amid competition from Apple Inc. and Chinese producers.
Nintendo slumped 6.5% in Tokyo after the maker of Wii gaming consoles reported its third loss in the past four quarters.
Singapore Airlines Ltd. slipped 2.6% after Asia’s second-largest carrier by market value posted weaker earnings.
Taiwan’s economy expanded 3.8% in the second quarter from a year earlier, preliminary figures from the statistics bureau released today showed. That compared with the 3.2% median estimate of economists.
James Hardie Industries SE, a building materials supplier that gets about 73% of sales from the U.S., climbed 1.5% in Sydney. LG Display Co., a supplier of liquid-crystal display screens used in Apple devices, jumped 4.6% in Seoul.
Mitsubishi Motors Corp. rose 2.6% in Tokyo after the car maker reported first-quarter net profit increased 71% from a year earlier to 28.2 billion yen, beating analyst estimates.
In other markets;
The Shanghai CSI 300 index recovered 28.24 points, or 1.2%, to 2,350.25
In Singapore, the Straits Times STI gained 20.41 points, or 0.6%, to 3,374.06
In Korea, the Kospi index slipped 6.49 points, or 0.3%, to 2,076.12
The Taiex Index in Taiwan plummeted 131.17 points, or 1.4%, to 9,315.85
In New Zealand, the NZX 50 regained 9.44 points, or 0.2%, to 5,167.99
Australia’s S&P/ASX 200 gained 10.03 points, or 0.2%, to 5,632.91
