Published On: Wed, Feb 17th, 2016

Asia’s shares mixed after gains on Wall Street

mixed shares

Shares in Asia were mixed on Wednesday following rallies across several markets earlier in the week and despite gains on Wall Street.

After a positive start, Japan’s Nikkei 225 finished down 1.36% to 15,836.36, ending two days of gains.

Some of the country’s big exporters held back the index, including Toyota which shed 2.8%.

Overnight falls in oil prices also weighed on investor sentiment. Brent crude fell 3.4% and US crude fell 2.1%.

In China, markets were divided, with the Shanghai Composite finishing up 1.08% to 2,867.34 and Hong Kong’s Hang Seng index closed down 1.03% at 18,924.57 in afternoon trade.

Australia’s ASX 200 index closed down 0.57% to 4,882.1 points amid the country’s busy earning season.

Woodside Petroleum, Australia’s largest independent oil and gas company, posted a 99% fall in profits for the 12 months to December, sending its shares down 7%.

Meanwhile, the largest franchisee for the Domino’s Pizza brand outside the US – Domino’s Australia – posted a more than 55% rise in profits for the six months to December. The firm also announced its second profit upgrade since December. Its Sydney-listed shares rose more than 10% on the news and finished the day up 6%.

 

[Source:- BBC]