BANGKOK — Asian shares were mixed on Thursday after U.S. stock indexes eked out tiny gains in a wobbly day of trading as investors reviewed another set of mixed company earnings. Japan’s Nikkei 225 advanced 0.6% to 22,763.93 and the Hang Seng in Hong Kong climbed 0.4% to 26,682.41. The Shanghai Composite index slipped 0.2% to 2,935.25 and the Kospi in South Korea also fell 0.2%, to 2,076.63 after GDP data came in lower than expected. India’s Sensex gained 0.4% to 39,223.01. Shares rose in Taiwan and Southeast Asia. A preliminary measure of manufacturing for Japan, the Jibun Flash Manufacturing purchasing managers’ index hit its lowest level in more than three years, 48.5, well below the 50 level that marks the break between expansion and contraction. While it’s still early in this earnings season, traders are trying to gauge how much the U.S. trade war with China and a slowdown in global economic growth is hurting corporate America. Some of the companies’ earnings topped analysts’ expectations. Others put traders in a selling mood after warning that the slowing global economy and trade tensions are hitting their profits. “With the US-China trade talks quiet for now, U.S. earnings have driven volatility… Read full this story
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