BEIJING (AP) — Chinese stocks declined Thursday after a survey showed manufacturing weakening while other Asian markets gained after Wall Street fell for a second day.
KEEPING SCORE: The Shanghai Composite Index lost 0.5 percent to 3,102.21 while Tokyo’s Nikkei 225 gained 1 percent to 19,854.27. Hong Kong’s Hang Seng advanced 0.4 percent to 25,752.44 and Seoul’s Kospi shed 0.1 percent to 2,344.29. Sydney’s S&P-ASX 200 gained 0.2 percent to 5,733.90 and benchmarks in New Zealand, Taiwan and Southeast Asia also advanced.
WALL STREET: U.S. stocks fell on a sharp drop for banks and a rare loss for tech companies. That offset gains for drug makers and consumer-focused companies. Banks fell after executives from JPMorgan Chase and Bank of America said their trading businesses are having a rough second quarter. Energy companies fell with oil prices. Investors picked consumer-focused companies, drug makers and high-dividend utilities and household goods companies. The Standard & Poor’s 500 index lost less than 0.1 percent to 2,411.80. The Dow Jones industrial average dropped 0.1 percent to 21,008.65.
