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Friday, May 17, 2024

Asia markets mixed after Wall Street decline

Asian stock markets are mixed after Wall Street sank, while Japanese and Chinese markets were closed for holidays

Hong Kong declined while Sydney and India advanced following Wall Street’s overnight fall. New Zealand and Southeast Asian markets retreated.

Wall Street’s benchmark S&P 500 index lost 0.7%, dragged down by more declines for tech stocks including Apple and Microsoft.

The Hang Seng in Hong Kong lost 0.6% to 28,397.29 while the S&P-ASX 200 in Sydney rose 0.4% to 7,094.90.

India’s Sensex opened up 0.4% at 48,454.09. New Zealand’s benchmark lost 0.4%, Singapore shed 1% and Bangkok tumbled 1.8%.

“With relatively light newsflow and macro data, price…

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