Economic news

Asian stocks wobble near six-week low

Asian stocks fluctuated near six-week trough on Thursday as investors assessed a big selloff in equities in the past few sessions.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares outside Japan was virtually flat, trading near its six-week nadir scaled on Tuesday.

Japan’s Nikkei advanced 0.4 percent, losing more than six percent so far this week.

Australian shares gained 0.2 percent. South Korea’s Kospi index increased 0.8 percent.

Hong Kong’s Hang Seng Index ticked up 0.8 percent. The Shanghai Composite Index fell 1.6 percent, sliding for a third straight session.

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