Asia Uncertain on Political Tensions

Stocks in Asia were mixed on Friday as tensions in the Middle East continue to linger.

In Japan, the Nikkei 225 handed back 204.22 points, or 1%, to 21,258.64. Inpex surged 4.44%.

The yen, often seen as a safe-haven currency, traded at 107.29 against the U.S. dollar after seeing levels above 107.6 yesterday

In Hong Kong, the Hang Seng index faded 76.72 points, or 0.3%, to 28,473.41, as Hong Kong-listed shares of HSBC listed lower about 1%.

Korean issues headed south, as shares of chipmaker SK Hynix declined 2.1%. South Korea’s S-Oil rose 0.61%.

Australian markets also slipped, with shares of biotechnology firm CSL dropping 3.2% after the company flagged lower Chinese sales in 2020 due to a change in its distribution model.

Shares of oil companies in the region saw gains on Friday. Australia’s Beach Energy jumped 4.81% and Santos advanced 1.41%,

The Australian dollar changed hands at $0.6922 after rising from levels around $0.688 in the previous session.

In other markets

In Shanghai, the CSI 300 added 5.42 points, or 0.1%, to 3,833.94

In Korea, the Kospi index faded 5.67 points, or 0.3%, to 2,125.62

In Singapore, the Straits Times Index jumped 6.89 points, or 0.2%, to 3,321.40

In Taiwan, the Taiex Index gathered 18.76 points, or 0.2%, to 10,803.77

In New Zealand, the NZX 50 regained 36.52 points, or 0.4%, to 10,327.29

In Australia, the ASX 200 ditched 36.83 points, or 0.6%, to 6,650.79