Stocks in Asia-Pacific fell on Friday, as shares of oil giant CNOOC in Hong Kong saw heavy losses.
The Nikkei 225 fell 125.41 points, or 0.4%, to 28,631.45.
The Japanese yen traded at 103.63 per U.S. dollar, following an earlier high of 103.46 against the greenback.
The Hang Seng index in Hong Kong stumbled 479.91 points, or 4.6%, to 29,447.85.
By the Friday market close in Hong Kong, CNOOC shares fell 5.6%. That came after index provider MSCI announced that it will delete the firm from the MSCI ACWI and MSCI China All Shares indexes.
The U.S. Department of Commerce under former U.S. President Donald Trump announced last week that it had added CNOOC to a list which essentially restricts those firms from receiving specific goods made in the U.S.
Shares of Apple suppliers in the region were mixed on Friday. Japan’s Taiyo Yuden slipped 2.9% and Murata Manufacturing shed 0.6%. Over in South Korea, LG Display rose 1.1%.
In Taiwan, shares of Hon Hai Precision Industry — better known as Foxconn — gained 3.9% while Taiwan Semiconductor Manufacturing Company slipped 3.6%. Hong Kong-listed shares of AAC Technologies declined 3.6%.
The Cupertino-based tech juggernaut’s stock stateside surged overnight after a top analyst from Morgan Stanley said she expects a record December quarter print for Apple, ahead of the firm’s earnings.
The Australian dollar changed hands at $0.7724, having risen from levels below $0.77 seen earlier in the trading week.
In other markets
In Shanghai, the CSI 300 notched ahead 4.81 points, or 0.1%, to 5,569.73
In Korea, the Kospi index faded 20.21 points, or 0.6%, to 3,140.63
In Singapore, the Straits Times dropped 25.62 points, or 0.9%, to 2,991.53
In Taiwan, the Taiex Index parted with 134.74 points, or 0.8%, to 16,019.03
In New Zealand, the NZX 50 gained 221.25 points, or 1.7%, to 13,333.43.
In Australia, the ASX 200 removed 23.35 points, or 0.3%, to 6,800.37
