Asia-Pacific shares decline; oil giant CNOOC’s stock in Hong Kong drops more than 5%
Stocks in Asia-Pacific fell on Friday, as shares of oil giant CNOOC in Hong Kong saw heavy losses.
By the Friday market close in Hong Kong, CNOOC shares fell 5.57%. That came after index provider MSCI announced that it will delete the firm from the MSCI ACWI and MSCI China All Shares indexes.
The U.S. Department of Commerce under former U.S. President Donald Trump announced last week that it had added CNOOC to a list which essentially restricts those firms from receiving specific goods made in the U.S.
The broader Hang Seng index in Hong Kong fell 1.6% on Friday to close at 29,447.85.
Mainland Chinese stocks closed mixed, with the Shanghai composite down 0.4% to 3,606.75 while the Shenzhen component rose 0.697% to 15,628.73.
In Japan, the Nikkei 225 slipped 0.44% to close at 28,631.45 while the Topix index shed 0.21% to finish its trading day at 1,856.64. South Korea’s Kospi declined 0.64% to close at 3,140.63.
Over in Australia, the S&P/ASX 200 dipped 0.34% on the day to 6,800.40.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.92%.
Reference: CNBC
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