Equities markets in Taipei, Sydney, and Singapore were up on Thursday but Hong
Kong and Tokyo markets were down in a mixed day for Asian stocks.

The weighted index in Taipei was up 1.1 percent to 6,039.48 on gains in shares of smaller technology companies, but larger technology firms saw losses on the day. In Sydney the advances in the energy and mining sectors helped the S&P/ASX 200 to rise 0.8 percent to 4,180.7. In Singapore, the Strait Times index rose 0.7 percent to close to a five year high of 2,191.55.

Shares in banks went higher as optimism over the future of Singapore’s economy reigned. Technology shares also gained in value. On the negative side, investors were showing caution
ahead of several upcoming Chinese initial public offerings scheduled for Hong Kong, and worries over next year’s real estate prices sent property stocks lower.

These circumstances combined to send the Hang Seng index down 0.4 percent to 13,814.58. In Tokyo, the Nikkei 225 fell 0.4 percent to 11,280.05 and the Topix was down 0.1 percent to 1,148.85.