This article was originally published on this site
Asia Pacific equities were mixed on Friday following record highs on Wall Street overnight.
Japanese stocks fell for a second consecutive day with the Topix index slipping 0.7 per cent as industrials fell 0.4 per cent and information technology stocks dipped 0.5 per cent. Uniqlo owner Fast Retailing, meanwhile, popped as much as 6.2 per cent to its highest since mid-2015 after it announced record operating profit for the first quarter.
Australian miners helped lift Sydney’s S&P/ASX 200 which rose 0.2 per cent snapping two days of falls. The materials sector was 1.3 per cent higher as BHP Billiton climbed 2.1 per cent and Rio Tinto rose 2 per cent.
In Hong Kong, the Hang Seng index rose 0.7 per cent after oil prices hit a three-year high overnight, pushing the energy sub sector up 1.8 per cent. The financials and information technology sectors both rose 0.8 per cent.
Overnight on Wall Street, the S&P 500 ended 0.7 per cent higher, marking its seventh record closing high of 2018. The Dow Jones Industrial Average and Nasdaq Composite also touched all-time intraday peaks on Thursday.