Asian Equities Continue to Swing after Data from PBOC

Asian stocks swung between gains and losses as investors weighed earnings reports. Chinese shares fell after the nation’s broadest measure of new credit unexpectedly plunged.

Eclat Textile Co. slumped 6.9 percent in Taipei after its quarterly profit missed estimates. Trend Micro Inc. fell 1.4 percent in Tokyo after the maker of anti-virus software reported results. CSL Ltd., the world’s second-biggest maker of blood-derived therapies, rose 3.1 percent in Sydney after posting an increase in annual profit and saying it will consider buying back more shares.

The MSCI Asia Pacific Index (MXAP) gained 0.1 percent to 146.74 as of 12:21 p.m. in Tokyo after falling as much as 0.2 percent. The Hang Seng China Enterprises Index of mainland shares traded in Hong Kong dropped as much as 0.5 percent after China’s central bank said aggregate financing was 273.1 billion yuan ($44.3 billion) in July, missing the 1.5 trillion yuan median estimate of analysts surveyed by Bloomberg News.

Bloomberg

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