Kazuhiro Nogi | AFP | Getty Images
Pedestrians walk past a share prices board showing the numbers on the Nikkei 225 at the Tokyo Stock Exchange in Tokyo, Japan.
Asian equities outside Hong Kong were lackluster on
Thursday, with weakening commodity prices, concerns over a
slower-growing China and a looming U.S. rate hike pressurizing markets
across the region.
U.S. crude steadied in Asian trading, last seen about 0.7 percent higher at $43.24 a barrel, after tumbling 3 percent overnight on worries about higher crude inventories.
Wall Street did little to cheer up sentiment. Major U.S. averages each ended down 0.3 percent overnight as a disappointing earnings report from Macy's and declines in global oil prices weighed on sentiment.
Meanwhile, mainland stocks that trade on U.S.-listed exchanges mostly fell, even as investors expect indexer MSCI to add some company stocks to its emerging market indexes. Alibaba, one of the largest U.S.-listed Chinese companies, lost 1.8 percent on Wednesday.
U.S. crude steadied in Asian trading, last seen about 0.7 percent higher at $43.24 a barrel, after tumbling 3 percent overnight on worries about higher crude inventories.
Wall Street did little to cheer up sentiment. Major U.S. averages each ended down 0.3 percent overnight as a disappointing earnings report from Macy's and declines in global oil prices weighed on sentiment.
Meanwhile, mainland stocks that trade on U.S.-listed exchanges mostly fell, even as investors expect indexer MSCI to add some company stocks to its emerging market indexes. Alibaba, one of the largest U.S.-listed Chinese companies, lost 1.8 percent on Wednesday.
China markets mixed
Share markets in China trimmed losses in the afternoon session, with the benchmark Shanghai Composite index closing down 0.5 percent on the back of weaker blue chip plays.
PetroChina eased 1.1 percent, while banking majors such as Bank of China and Industrial and Commercial Bank of China (ICBC) receded 1.2 and 1.1 percent respectively.
Founder Securities and Citic Securities plunged more than 3 percent each, while Haitong Securities closed down 2.6 percent.
Among other indexes, the blue-chip CSI300 Index retreated 1 percent, while the smaller Shenzhen Composite ticked up 0.3 percent.
By contrast, Hong Kong's Hang Seng index advanced 1.9 percent, helped by a 2 percent rise in Tencent shares.
Companies releasing earnings results remained in the spotlight; Hong Kong Exchanges and Clearing (HKEx) bounced up 0.7 percent following the release of upbeat third-quarter profit on Wednesday. Lenovo doubled gains to 4.3 percent despite its latest corporate report card showing the Hong Kong-based PC maker reversing into a record quarterly loss in the third-quarter.
Read MoreRich, Chinese and moving to the US? This bank wants you
Nikkei flat
Japan's Nikkei 225 index flatlined in light trade, despite fresh data that showed an encouraging sign for capital expenditure in Asia's second-biggest economy.
Core machinery orders, usually seen as the leading indicator of capital expenditure, rose 7.5 percent in September, according to figures released by the Cabinet Office on Thursday. The September figure followed a 5.7 percent slump in August and marked the first increase in four months.
However, monthly machinery orders are known to be highly volatile, even though the core number excludes big orders from the electricity and shipping sectors that have a disproportionate impact on the data.
Among laggards, large-cap oil exploration firm Inpex declined 1.4 percent, while Resona Holdings plummeted 6.1 percent after the lender announced 35 percent fall in first-half net profits due to higher reserve requirements and rising bad debts.
Machinery stocks were also sold off after the government unveiled a weak forecast for orders in the October- December period and as brokerage house Nomura cut its stock ratings for the sector. Makino Milling Machine Co., DMG Mori Co. and Okuma fell between 3.9 and 5.5 percent.
Share markets in China trimmed losses in the afternoon session, with the benchmark Shanghai Composite index closing down 0.5 percent on the back of weaker blue chip plays.
PetroChina eased 1.1 percent, while banking majors such as Bank of China and Industrial and Commercial Bank of China (ICBC) receded 1.2 and 1.1 percent respectively.
Founder Securities and Citic Securities plunged more than 3 percent each, while Haitong Securities closed down 2.6 percent.
Among other indexes, the blue-chip CSI300 Index retreated 1 percent, while the smaller Shenzhen Composite ticked up 0.3 percent.
By contrast, Hong Kong's Hang Seng index advanced 1.9 percent, helped by a 2 percent rise in Tencent shares.
Companies releasing earnings results remained in the spotlight; Hong Kong Exchanges and Clearing (HKEx) bounced up 0.7 percent following the release of upbeat third-quarter profit on Wednesday. Lenovo doubled gains to 4.3 percent despite its latest corporate report card showing the Hong Kong-based PC maker reversing into a record quarterly loss in the third-quarter.
Read MoreRich, Chinese and moving to the US? This bank wants you
Nikkei flat
Japan's Nikkei 225 index flatlined in light trade, despite fresh data that showed an encouraging sign for capital expenditure in Asia's second-biggest economy.
Core machinery orders, usually seen as the leading indicator of capital expenditure, rose 7.5 percent in September, according to figures released by the Cabinet Office on Thursday. The September figure followed a 5.7 percent slump in August and marked the first increase in four months.
However, monthly machinery orders are known to be highly volatile, even though the core number excludes big orders from the electricity and shipping sectors that have a disproportionate impact on the data.
Among laggards, large-cap oil exploration firm Inpex declined 1.4 percent, while Resona Holdings plummeted 6.1 percent after the lender announced 35 percent fall in first-half net profits due to higher reserve requirements and rising bad debts.
Machinery stocks were also sold off after the government unveiled a weak forecast for orders in the October- December period and as brokerage house Nomura cut its stock ratings for the sector. Makino Milling Machine Co., DMG Mori Co. and Okuma fell between 3.9 and 5.5 percent.
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