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Financial Times / Biz - Money

Asia equities mixed after record close in New York

Stock markets were mixed in Asia on Thursday as positive sentiment from a third consecutive record high for the S&P 500 in the US overnight failed to catch on in the region.

The MSCI International ex-Japan index tracking Asia Pacific shares was down 0.1 per cent.

In Tokyo, the Topix index was up 0.3 per cent, its highest point since August 2015, while South Korea’s Kospi was up 0.3 per cent. Hong Kong’s Hang Seng meanwhile was down 0.4 per cent and the Shanghai Composite index was flat. In Sydney, the benchmark S&P/ASX 200 was also flat.

Australian media companies climbed on Thursday following reports the government has reached a deal to scrap controls on media ownership.

The S&P 500 US equity index reached an all-time intraday peak on Wednesday and also hit its third successive record close, even as Apple dropped a 0.8 per cent drop after the company confirmed higher pricing for its next smartphone. The index closed up 0.1 per cent to 2,498.