Shares Mixed in Asia After Wall Street Advance

Shares were mixed in Asia on Thursday, with the region’s biggest market in Tokyo closed for a four-day weekend. Benchmarks rose in Hong Kong, Sydney and Shanghai but fell in Seoul and Taiwan. The Kospi in Seoul lost 0.5% to 2,217.01 after South Korea reported that its economy contracted 3.3% in April-June after shrinking 1.3% in the first quarter. In annual terms, the economy contracted at a 2.9% pace. Exports fell 16.6%, the central bank reported in a statement on its website. Australia’s S&P/ASX 200 added 0.4% to 6,098.30. The latest flare-up in tensions between Washington and Beijing appeared not to have swayed investors in Asia, where Hong Kong’s Hang Seng gained...