Asian markets were mixed in quiet trading Tuesday, following another record day on Wall Street.
The Dow Jones Industrial Average
DJIA, +0.34%
and S&P 500
SPX, +0.09%
closed at record highs for a third consecutive day, while the Nasdaq Composite
COMP, +0.23%
notched a record ninth-straight record close.
Traders have been buoyed by the pending phase-one trade deal between the U.S. and China, which announced Monday plans to open its oil, telecom and power markets wider to private competitors.
On Tuesday, leaders from China, Japan and South Korea were meeting against the backdrop of increasing threats from North Korea’s nuclear and missile programs. The trilateral summit aims to smooth some regional frictions, and discuss furthering regional cooperation on the economy.
Japan’s Nikkei
NIK, -0.04%
was about flat and Hong Kong’s Hang Seng Index
HSI, -0.15%
fell 0.2%. The Shanghai Composite
SHCOMP, +0.25%
advanced 0.3% while the Shenzhen Composite
399106, +0.70%
rose 0.7%. South Korea’s Kospi
180721, -0.52%
fell 0.5%, while stocks inched up in Singapore
STI, +0.32%
but fell slightly in Taiwan
Y9999, -0.22%
. Australia’s S&P/ASX 200
XJO, +0.13%
rose 0.2%. Markets in Australia and Hong Kong were set to close early for Christmas Eve. Many global markets will be closed Wednesday for the Christmas holiday.
Read: Here’s when markets will be closed for the Christmas and New Year holidays
Among individual stocks, Fuji Electric
6504, +1.34%
and tech-equipment maker Advantest
6857, +1.63%
gained in Tokyo trading, while Dai-ichi Life Holdings
8750, -1.64%
and Nikon
7731, -1.16%
fell. In Hong Kong, casino operator Sands China
1928, +1.13%
rose while stock-market operator Hong Kong Exchanges & Clearing
388, -0.94%
and China Construction Bank
939, -0.75%
declined. Samsung
005930, -0.72%
slipped in South Korea, and Beach Energy
BPT, +3.17%
surged in Australia.
Source : MTV
