Shares were mixed in Asia on Friday after a late slide pulled major indexes into the red on Wall Street, leaving the S&P 500 and the Dow Jones Industrial...
BANGKOK — Shares were mixed in Asia on Friday after a late slide pulled major indexes into the red on Wall Street, leaving the S&P 500 and the Dow Jones Industrial Average slightly below record highs.
Hong Kong’s Hang Seng index HSI, +1.24% jumped 1.2% in New Year’s Eve trading and the Shanghai Composite index SHCOMP, +0.36% gained 0.4%. Sydney’s S&P/ASX 200 XJO, -0.92% lost 0.8% as the number of new coronavirus cases surged.2021 was a mixed year for Asian markets. Some benchmarks, like the Hang Seng, which has suffered from troubles in China’s property sector and U.S.-Chinese friction, have languished.
Major U.S. stock indexes are on pace to end December with solid gains, capping a banner year for the market. The S&P 500 is headed for a gain of more than 27% for 2021, the best performance since 2019, another standout year. The Federal Reserve and other central banks also helped, by keeping interest rates low, which makes borrowing money more affordable for companies and consumers.
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