SINGAPORE — Stocks across Asia-Pacific were mixed Friday morning as Wall Street stocks rallied overnight and oil prices fell.
Hong Kong’s Hang Seng was subdued, dipping 0.23%.
Shares of Hong Kong-listed Russian aluminum producer Rusal bucked the trend, and surged more than 10% in early trade before paring gains to trade about 1.5% higher. The stock tumblied earlier this week after the firm said Monday it was evaluating the impact of a ban announced Sunday by the Australian government on exports of alumina and aluminum ores to Russia.
Rusal shares in Moscow had shot up nearly 16% when markets resumed trading in Russia on Thursday after a month-long shutdown.
JD Logistics shares tumbled more than 10% in early trading. In a filing with the Hong Kong stock exchange in the morning, the firm said it will raise 8.53 billion Hong Kong dollars ($1.09 billion) through a share sale. The subsidiary of e-commerce giant JD.com said the shares will be priced at 20.71 Hong Kong dollars a piece.
Mainland China shares were little changed: the Shanghai composite and the Shenzhen component traded just above the flatline.
Japan’s Nikkei 225 was marginally higher, while the Topix rose 0.14%. Japan reported inflation data, showing its core consumer price index hit a two-year high in March, according to Reuters.
Australia’s S&P/ASX 200 stayed in positive territory as it inched up 0.44%, with some gains in miners.
South Korean stocks turned around from an earlier dip, and the Kospi rose 0.2%. Some tech stocks were down, with SK Hynix falling 1.24%.
Top gainers in Asia morning trade include Japan’s Toshiba and Fanuc, which rose 2.3% and 1.3% respectively, as well as Singapore’s agricultural firm Olam which jumped nearly 4%.
U.S. stocks rallied overnight, led by chip stocks. The Dow jumped 349.44 points, or 1%, to close at 34,707.94. The S&P 500 added 1.4% at 4,520.16, and the Nasdaq Composite rose 1.9% to 14,191.84.
Stocks have seesawed this week, alternating between up and down days. The S&P 500 and the Nasdaq are on track to close the week higher.