(MENAFN– ecpulse)
Asian stocks lost momentume in Wednesday, after Chinese manufacturing data showed the sector remains in contraction yet slower than a month earlier, while Australia’s inflation rose less than estimated in first quarter.
The MSCI Asia Pacific Index gained 0.2 percent to 138.91 in Tokyo, Asian Resona Holdings Inc. climbed 3.1 percent after Greenlight Capital Inc., a hedge fund run by David Einhorn, said it bought shares in the Japanese lender. LG Household & Health Care Ltd. rose 2 percent.
Meanwhile, Seibu Holdings Inc. jumped 4.8 percent as Japan’s biggest hotel chain started trading on the Tokyo bourse.
- Australia’s S&P/ASX 200 Index climbed 0.5 percent.
- Japan’s Topix index rose 0.6 percent
- South Korea’s Kospi index advanced 0.1 percent
- Shanghai Composite Index and Hong Kong’s Hang Seng Index both fell 0.3 percent
- Singapore Straits Times Index lost 0.4 percent
- New Zealand’s NZX 50 Index gained 0.7 percent
- Taiwan’s Taiex index added 0.3 percent
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