Trading Review: Ongoing Reports, Trends, Indices, Stocks, Bonds, Forex and Commodities and Analyst Recommendations
Major Asian indices are down on the last day of the trading week. The Heng Seng Index is down 1.85%, led by tech stocks that are declining under the fog of ongoing regulatory uncertainty.
Shares of Meituan were down 3.9% while Alibaba was down 2.28% and JD.com was down 1.7%. Tencent, on the other hand, rose 1.57%. The tech index dropped 2.2%.
The Shanghai Composite Index fell more than 1%, while Shenzhen was down 1.8%. The Japanese Nikkei was down 0.98%, and the Topix was down 0.87%.
Shares of the Japanese automaker continue to fall: Nissan fell 7.25% and Honda fell 4.84%. Toyota fell 4.09 percent following the announcement that it would cut global production in September by 40 percent from the original plan, Reuters reported. Shares of Toyota fell more than 4% on Thursday.
The South Korean cosplay declined 1.2% and the S & P / ASX 200 index in Australia closed down.