Asian markets mixed as Wall Street retreats from record highs

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Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs.

Japan’s benchmark Nikkei 225












NIK, +0.36%










  edged up 0.3% in early trading. South Korea’s Kospi












SEU, -0.12%










  fell about 0.2%. Hong Kong’s Hang Seng












HSI, +0.00%










  inched up 0.1%, while the Shanghai Composite












SHCOMP, -0.39%










  fell 0.3%. Indexes in Taiwan












Y9999, -0.01%










 , Singapore












STI, -0.19%










  and Indonesia












JAKIDX, -0.23%










  were a mixed bag. Australia’s trading was closed for Anzac Day, a national holiday.

Among individual stocks, Nintendo












7974, +1.95%










  rose in Tokyo trading, as did Sony












6758, +1.47%










 . Meanwhile, food manufacturer Kikkoman












2801, -2.72%










  fell, along with Nomura Holdings












8604, -1.22%










 . In Hong Kong, real-estate companies continued to rise, with Sun Hung Kai Properties












0016, +2.63%










  and Country Garden












2007, +1.43%










  advancing, while Geely Automobile












0175, -2.01%










  and oil producer CNOOC












0883, -0.95%










  fell. Chip maker SK Hynix












000660, +3.31%










  gained in South Korea as it posted a 69% drop in first-quarter profit, but forecast chip demand to improve later this year.

Investors are also watching for the U.S. economic growth data being released later in the week.

On Wall Street, energy stocks led the modest slide as crude oil prices fell after a three-day rally. Communications companies also helped pull the market lower, offsetting gains in real estate and other sectors. Bond prices rose as traders took a more defensive approach.

Stocks wavered between small gains and losses through much of the day as investors continued to wade through a steady flow of corporate earnings.

The S&P 500 index












SPX, -0.22%










  fell 6.43 points, or 0.2%, to 2,927.25. The benchmark index closed at a record high on Tuesday. The Dow Jones Industrial Average












DJIA, -0.22%










  dropped 59.34 points, or 0.2%, to 26,597.05. The Nasdaq composite












COMP, -0.23%










  lost 18.81 points, or 0.2%, to 8,102.01. The index was also coming off a record high close.

Benchmark U.S. crude












CLM9, -0.12%










  lost 30 cents to $65.59 a barrel. It fell 0.6% to settle at $65.89 per barrel. Oil had been climbing recently since dropping below $43 in late December. Brent crude












LCOM9, +0.07%










  fell 26 cents to $74.31 per barrel.

The dollar












USDJPY, -0.17%










  rose to 112.14 Japanese yen from 111.85 yen.

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Source : MTV