Stock market today: Asian shares mixed after Wall Street’s lull stretches to a 2nd day

HONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China reported better than expected trade figures for April.

U.S. futures were slightly lower and oil prices rose.

In Tokyo, the Nikkei 225 index was up 0.5% at 38,392.10.

Automaker Mitsubishi Motors Corp.’s shares dropped 4.7% in early trading after the company forecasted a 7% lower net profit in the fiscal year that will end in March 2025.

Toyota Motor edged 0.1% higher after it reported Wednesday that it doubled its net profit in the fiscal year that ended in March.

The U.S. dollar rose to 155.59 Japanese yen from 155.52 yen, as reports in Tokyo speculated on the likelihood of further intervention by the Finance Ministry to curb the yen’s slide.

“We’re always prepared to do so if necessary. We might do it today. We might do it tomorrow,” Masato Kanda, the Finance vice minister for international affairs.

Source: APnews