Asia Stocks End Mixed

Shares in Asia-Pacific were mixed on Thursday as investors reacted to the release of Chinese industrial profits data for April.

In Japan, the Nikkei 225 dropped 93.18 points, or 0.3%, to 28,549.01

The Japanese yen traded at 109.11 per U.S. dollar, weaker than levels below 108.9 against the greenback seen yesterday.

In Hong Kong, the Hang Seng let go of 52.81 points, or 0.2%, to 29,113.20.

Shares of Xiaomi in Hong Kong jumped 3.2% on Thursday after the Chinese smartphone maker on Wednesday reported a nearly 55% surge in its first quarter revenue as compared with the same period a year earlier.

The Australian dollar was at $0.7749, following an earlier low of $0.7721.

CHINA

In Shanghai, the CSI 300 gained 17.64 points, or 0.3%, to 5,338.23.

Industrial profits in China soared 57% year-on-year in April, the National Bureau of Statistics said Thursday.

In other markets

In Singapore, the Straits Times Index returned to trading after a mid-week holiday by gaining 18.73 points, or 0.6%, 3,164.82.

The Kospi index in Korea docked 2.92 points, or 0.1%, to 3,165.51

In Taiwan, the Taiex index removed 42.08 points, or 0.3%, to 16,601.61

In New Zealand the NZX 50 dumped 104.1 points, or 0.8%, to 12,243.34

In Australia, the ASX 200 inched up 4.3 points, or 0.1%, to 7,091.04.