Asian Equities Mixed

Asian stocks opened mixed on Thursday, tracking modest offshore gains.  Overnight, the S&P 500 and Nasdaq Composite broke a three-day losing streak, while the Dow Jones Industrial Average inched down amid disappointment from Disney’s earnings.

China’s Shanghai Composite index opened down nearly 1 percent, extending a 1.6 percent fall from Wednesday.  Among other indexes, the CSI300 index sagged 0.2 percent, while the smaller Shenzhen Composite slipped by the same margin.

A sharp plunge among the major lenders sent Australia’s S&P ASX 200 index down to a one-week low.  Westpac, Commonwealth Bank of Australia and National Australia Bank slumped 2 percent each, following news that Australia and New Zealand Banking Group will beraising $2.2 billion through a share placement.