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Australia caps a sunny quarter in mostly mixed Asia-Pacific stock action

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Australia caps a sunny quarter in mostly mixed Asia-Pacific stock action

Bullish milestones for Australia and New Zealand as Japan’s Nikkei pulls out June gain and China down 10% for quarter

People enjoy the sun at Bondi Beach in Sydney, Australia.

Asia-Pacific stocks were mixed on Friday, the last trading day of an up-and-down second quarter.

Australian stocks emerged as stars with June’s out performance, allowing Australia’s key index XJO, -0.33%   to hit levels last seen at the start of 2008 and New Zealand’s benchmark NZ50GR, -0.62%   to log a series of record closing highs. Both gave up early Friday gains to close lower for the session, but the move did little to tarnish the quarter.

Japan’s Nikkei NIK, +0.15%   rose 0.2% after mixed trading Friday, as it barely gained for June but avoided logging a fourth monthly drop out of the past five. The transportation and oil sectors fared the worst, with Japan Petroleum Exploration 1662, +0.03%   and Inpex 1605, -0.09%   each down more than 2%. Sharp Corp. 6753, +15.19%   skyrocketed after the company dropped a plan to issue as much as $2 billion in new shares.

In China, the Shanghai Composite SHCOMP, +2.17%   rose 2% after four days of losses, but will record a 10% loss for a quarter that landed it in correction territory. Hong Kong’s Hang Seng Index HSI, +1.61%   was up 1.6% for the session, though down 3.7% for the quarter.

South Korea’s Kospi SEU, +0.51%   flitted between gains and losses but its firmer finish snapped a three-day losing streak after notching a 13-month closing low Thursday. Samsung Electronics 005930, -0.32%   fell, though other tech companies gained.

Markets in Taiwan Y9999, +1.71%  and Singapore STI, +0.34%   rose Friday as well.


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