Investing.com – Asian stocks were mixed on Tuesday, as slumping energy sector shares led markets lower, and as the yen advanced against the U.S. dollar after China announced new financial regulations.
During late Asian trade, Hong Kong's Hang Seng Index was down 0.52%, South Korea's Kospi Composite gained 0.26%, while Japan’s Nikkei 225 Index shed 0.39%.
In Japan, shares in the energy sector led declines as crude oil prices retreated from a 25-month high. Japan’s biggest oil exporter Inpex saw shares tumble 2.15%, rivals Japan Petroleum Exploration sank 2.08%, while shares in JX Holdings, which owns Japan’s top copper producer Pan Pacific Copper, declined 0.95%.
Meanwhile, the continuing strength of the yen weighed on shares of Japanese exporters. Shares in the world’s largest camera maker Canon tumbled 1.27%, electronics giant Sony saw shares fall 0.95%, while rivals Panasonic saw shares plunge 1.81%.
But shares in electronics maker Toshiba jumped 1.42% after it reported a second-quarter profit of JPY 71.02 billion, up 95% from a year earlier. The company also left its full-year earnings forecast unchanged.
Elsewhere, Australia’s S&P/ASX 200 declined 0.79%, as shares in the nation’s second-biggest oil and gas producer Woodside Petroleum plunged 6.26% after Royal Dutch Shell sold approximately 29% of its shares in the company.
Meanwhile, the outlook for European equity markets was downbeat. The EURO STOXX 50 futures pointed to a drop of 0.56%, France’s CAC 40 futures indicated a decrease of 0.35%, the FTSE 100 futures pointed to a loss of 0.20% and Germany's DAX futures were down 0.22%.
Later in the day, the U.S. was to publish data on economic outlook and wholesale inventories.
During late Asian trade, Hong Kong's Hang Seng Index was down 0.52%, South Korea's Kospi Composite gained 0.26%, while Japan’s Nikkei 225 Index shed 0.39%.
In Japan, shares in the energy sector led declines as crude oil prices retreated from a 25-month high. Japan’s biggest oil exporter Inpex saw shares tumble 2.15%, rivals Japan Petroleum Exploration sank 2.08%, while shares in JX Holdings, which owns Japan’s top copper producer Pan Pacific Copper, declined 0.95%.
Meanwhile, the continuing strength of the yen weighed on shares of Japanese exporters. Shares in the world’s largest camera maker Canon tumbled 1.27%, electronics giant Sony saw shares fall 0.95%, while rivals Panasonic saw shares plunge 1.81%.
But shares in electronics maker Toshiba jumped 1.42% after it reported a second-quarter profit of JPY 71.02 billion, up 95% from a year earlier. The company also left its full-year earnings forecast unchanged.
Elsewhere, Australia’s S&P/ASX 200 declined 0.79%, as shares in the nation’s second-biggest oil and gas producer Woodside Petroleum plunged 6.26% after Royal Dutch Shell sold approximately 29% of its shares in the company.
Meanwhile, the outlook for European equity markets was downbeat. The EURO STOXX 50 futures pointed to a drop of 0.56%, France’s CAC 40 futures indicated a decrease of 0.35%, the FTSE 100 futures pointed to a loss of 0.20% and Germany's DAX futures were down 0.22%.
Later in the day, the U.S. was to publish data on economic outlook and wholesale inventories.