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Sunday, May 5, 2024

Asian shares mixed in scant New Year Eve trading

BANGKOK — Shares were mixed in Asia on Friday after a late slide pulled major indexes into the red on Wall Street, leaving the S&P 500 and the Dow Jones Industrial Average slightly below record highs.

Tokyo and many other regional markets were closed.

A survey released Friday showed Chinese factory activity edged higher in December as supply disruptions eased and export demand weakened.

The monthly purchasing managers’ index issued by the national statistics agency and an industry group gained to 50.3 from November’s 50.1 on a 100-point scale on which numbers above 50 show activity accelerating.

Hong Kong jumped 1.2% in New Year’s Eve trading to 23,397.67 and the Shanghai Composite index gained 0.5% to 3,638.24. Sydney lost 0.9% to 7,444.60 as the number of new coronavirus cases in some parts of Australia surged.

India’s Sensex rose 0.7%, while Singapore and Malaysia edged…

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