Asian shares mixed after S&P 500 squeaks to new record high

TOKYO – Asian shares were mixed Friday aft a late-in-the-day question of buying pushed the S&P 500 to a caller grounds high.

Benchmarks roseate successful Hong Kong and Tokyo but fell successful Sydney and Shanghai.

An authoritative newspaper, the Securities Times, said China Evergrande Group made an overdue enslaved outgo connected Friday. The spot developer's conflict to trim its 2 trillion yuan ($310 billion) of indebtedness to comply with tighter authoritative curbs connected borrowing has prompted fears a default mightiness trigger a fiscal crisis.

Evergrande wired $83.5 cardinal to relationship for a enslaved outgo that was owed Sept. 23, the study said. The company's Hong Kong-traded shares gained 5%.

The Hang Seng successful Hong Kong climbed 0.5% to 26,135.17 and the Shanghai Composite scale mislaid 0.3% to 3,583.65.

Tokyo's Nikkei 225 added 0.6% to 28,892.11 portion the Kospi successful Seoul gained 0.2% to 3,013.69. Australia's S&P/ASX 200 was level astatine 7,415.90.

On Wall Street connected Thursday, the benchmark S&P 500 bounced backmost from an aboriginal descent to emergence 0.3% to 4,549.78, its seventh consecutive gain. That eclipsed the grounds precocious it acceptable connected Sept. 2. It is connected gait for its 3rd consecutive play gain.

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The Dow slipped little than 0.1%, to 35,603.08, pulled little by IBM's 9.6% slump aft it reported quarterly gross that fell shy of analysts’ forecasts. It is conscionable beneath its all-time precocious acceptable connected Aug. 16.

The Nasdaq gained 0.6% to 15,215.70.

Smaller stocks edged higher. The Russell 2000 roseate 0.3%, to 2,296.18.

A premix of companies that trust connected nonstop user spending led the gains Thursday. Home Depot roseate 1.8% and Pool Corp. gained 7.7%.

Financial companies besides fell broadly. Capital One slid 4.4% and Discover Financial Services dropped 6.1%.

The uneven decorativeness came arsenic investors continued to reappraisal the latest institution net reports, with planetary proviso concatenation problems and the interaction from rising ostentation a cardinal focus. Many companies person warned that the proviso concatenation issues and wide higher costs volition wounded operations and Wall Street is trying to gauge conscionable however overmuch it volition sting firm nett maturation and margins.

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Tesla roseate 3.3% aft reporting encouraging third-quarter profits, contempt parts shortages and shipping delays. Footwear institution Crocs vaulted 9.3% aft reporting coagulated third-quarter results, noting it has taken steps to navigate its ain proviso concatenation headaches.

Several carmakers and automotive products companies made gains pursuing Tesla’s latest earnings. Ford roseate 3.2% and AutoZone roseate 2.2%.

WeWork roseate 13.5% successful its 2nd effort to go a publically traded company. The company, which provides shared workspaces, had a spectacular illness during its archetypal effort to bash truthful 2 years agone and is emerging aft the pandemic closed millions of quadrate feet of bureau space.

Shares successful a special-purpose acquisition company, oregon SPAC, that is readying connected taking a caller media institution launched by erstwhile President Donald Trump nationalist soared aft quality of the task broke precocious Wednesday. Digital World Acquisition vaulted 356%. The company, which went nationalist Sept. 8, has merged with Trump Media & Technology Group, which plans to motorboat a societal media app and streaming video service.

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Bond yields moved higher. The output connected the 10-year Treasury slipped to 1.68% from 1.69% precocious Thursday.

Outside of earnings, investors received an encouraging update connected the labour market. The Labor Department reported that the fig of Americans applying for unemployment benefits fell past week to a caller debased constituent since the pandemic erupted.

In different trading, U.S. benchmark crude lipid mislaid 32 cents to $82.18 per tube successful physics trading connected the New York Mercantile Exchange. It gave up 92 cents to $82.50 per tube connected Thursday.

Brent crude, utilized arsenic a modular for planetary pricing, shed 43 cents to $84.18 per barrel.

The U.S. dollar roseate to 114.08 Japanese yen from 113.99 yen precocious Thursday. The euro precocious to $1.1631 from $1.1624.

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AP Business Writers Damian J. Troise and Alex Veiga contributed.

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