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Asian stocks swung between gains and losses as Hong Kong’s benchmark index dropped ahead of a meeting of China’s top party officials this weekend. HSBC Holdings Plc gained after Europe’s largest lender posted higher earnings.
Nikkei 225 14,225.37 +23.80 +0.17%
S&P/ASX 200 5,431.96 +41.43 +0.77%
Shanghai Composite 2,157.24 +7.61 +0.35%
Industrial & Commercial Bank of China Ltd. paced declines among mainland lenders listed in Hong Kong.
Nissan Motor Co. sank 10 percent, the most since 2008, after the Japanese carmaker cut its profit forecast.
Kubota Corp. rose 7.9 percent in Tokyo as the industrial-machinery maker reported profit that topped estimates.
HSBC Holdings Plc added 1.7 percent in Hong Kong after third-quarter pretax profit increased 30 percent.
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