Shares in the Asia-Pacific were mixed on Wednesday following a second day of gains in major U.S. indexes.
The Nikkei 225 gained 101.24 points, or 0.4%, to finish Wednesday at 27,257.38
In Hong Kong, the Hang Seng gave back its gains, dropping 403.3 points, or 2.4%, to 16,511.28, following leader John Lee’s policy address.
Xpeng Motors fell 8.2%, Bilibili fell 4.2%, and Meituan also fell 3.6%. Tencent and Alibaba also fell more than 2.5%.
Macao casino stocks also fell, with MGM China dropping 3.8% and Wynn Macau declining 4.2%.
Meanwhile, property stocks pared earlier gains. Country Garden was last up 0.7% after it had traded more than 4% higher ahead of Lee’s speech.
China Overseas Land and Investment was up 2.3% after rising 5% earlier.
Shares of Apple suppliers in Asia slipped after the tech firm reportedly asked a manufacturer in China to halt the production of an iPhone 14 Plus component as Apple re-evaluates demand for the product.
The Information reported that two other suppliers that assemble modules from that component have also cut production dramatically.
LG Innotek and SK Hynix in South Korea lost around 2%, while Japan’s TDK Corporation and Murata Manufacturing shed more than 1% each.
CHINA
In Shanghai, the CSI 300 fell 61.74 points, or 1.6%, to 3,776.53
China was due to release home prices data Wednesday, but the release has been delayed.
Meanwhile, economists expect the Reserve Bank of New Zealand to deliver a hike of 75 basis points each at its upcoming meetings in November and February.
New Zealand’s central bank lifted interest rates by 50 basis points to 3.5% earlier this month, bringing the cash rate to a seven-year high.
In other markets
In Singapore, the Straits Times Index shed 3.08 points, or 0.1%, to 3,022.80.
In Taiwan, the Taiex faltered 147.92 points, or 1.1%, to 12,976.76.
In Korea, the Kospi index slid 12.51 points, or 0.6%, to 2,237.44.
In Australia, the ASX 200 acquired 20.84 points, 0.3%, to 6,800.06.
In New Zealand, the NZX 50 leaped 69.3 points, or 0.6%, to 10,916.65.
