Asian shares finished mixed Friday, with Japan stocks leading decliners as trade worries continued after President Donald Trump announced additional tariffs on imports from Mexico.
Japan’s benchmark Nikkei 225 NIK, -1.63% closed down 1.6%, weighed as the yen climbed against rivals, up 0.7% against the dollar USDJPY, -0.96%
Hong Kong’s Hang Seng HSI, -0.79% closed down 0.8% and the Shanghai Composite SHCOMP, -0.24% lost 0.2% after a report found China’s manufacturing activity contracted in May as the trade war with the U.S. took its toll
Elsewhere, Australia’s S&P/ASX 200 XJO, +0.08% finished flat, while South Korea’s Kospi 180721, +0.14% gained 0.1%. Stocks rallied 1.1% in Taiwan Y9999, +1.11% , 2% in Indonesia JAKIDX, +1.72% , but fell in 0.8% in Singapore STI, -0.80% .
Among individual stocks, Japanese auto makers that have factories in Mexico — such as Toyota 7203, -2.85% , Honda 7267, -4.26% and Mazda 7261, -7.13% — tumbled in Tokyo trading after Trump announced his new tariffs. Oil producer Inpex 1605, -3.81% also fell. In Hong Kong, Tencent 700, +0.49% and Sunny Optical 2382, +0.54% gained while property names such as Wharf Real Estate 1997, -4.55% and New World Development 17, -2.36% fell. Auto makers Hyundai Motor 005380, -0.74% and Kia 000270, -4.49% declined in South Korea, while Taiwan Semiconductor 2330, +1.95% gained in Taiwan. Beach Energy BPT, -2.94% and Westpac Banking WBC, -0.65% slipped in Australia.
Major U.S. stock indexes capped a day of listless trading with modest gains Thursday, snapping the market’s two-day losing streak. But Friday was setting up for a weaker day. Dow Jones Industrial Average futures YM00, -1.16% , S&P 500 futures ES00, -1.11% and Nasdaq futures NQ00, -1.23% tumbled immediately after Trump’s announcement.