Investing.com - Asian stocks were mixed on Wednesday as Japan's
industry index fell and the Nikkei lost 0.6% after an impressive
rally of 3.1% in the previous session.
Japanese Ministry of Economy, Trade and Industry reported on
Wednesday that All Industries Activity Index, which measures the
monthly change in overall production by all sectors of the Japanese
economy, fell 0.1% in January against an expected rise of 0.2%. In
December it rose 0.4%.
Woodside Petroleum fell 0.7% on 41% decline in quarterly profits
after project outages hit the bottom line. Brambles, the world's
largest supplier of wooden pallets, rose 2.7% on rising half-year
profits. Suncrop Group shares fell 2.4% after the insurance company
reported a 4.5% fall in its half yearly profits due to rising
In China, CCB rose 0.5%, BoCom was up 1% and Chine Vanke gained
In morning trade, the Nikkei fell 0.59%, Hong Kong's Hang Seng
rose 0.03% and the Shanghai compaosite gained 0.63%.
On Tuesday, at the close of U.S. trading, the Dow Jones
Industrial Average fell 0.15%, the S&P 500 index rose 0.12%,
while the Nasdaq Composite index rose 0.68%.
A drop in fourth-quarter profits at Coca-Cola due in part to
falling U.S. soda sales sent the Dow Jones Industrial Average
dipping on Tuesday.
Soft data supported stocks, however.
The Federal Reserve Bank of New York said that its general
business conditions index came in at 4.48 for February, down from a
20-month high of 12.51 in January. Analysts had expected the index
to decline to 9.00.
The new orders index fell to zero from a two-year high of 11
The numbers were the latest in a series of soft U.S. economic
indicators that have prompted many investors to wonder whether the
Federal Reserve will slow the pace of reductions to its
asset-buying stimulus program, which has supported stocks since
Talk that harsh winter weather may be bruising economic
indicators and not a slowdown in domestic demand bolstered equities
as well as did reports tech icon Apple may buy Tesla Motors.
On Wednesday, the U.S. is to publish reports on building
permits, housing starts and producer price inflation.
Meanwhile, the Federal Reserve is to publish the minutes of its
most recent policy setting meeting.
offers an extensive set of professional tools for the financial
Read more News on Investing.com and download the new
Investing.com Stocks & Forex App