Asia opens mixed but mostly lower

Asian stock indices opened the fourth session of the week mixed with Japan, China, Australia, New Zealand, and Hong Kong down, while South Korea's KOSPI advanced, as investors assess latest Asian data and rising US-China tensions after the US Senate passed a bill to disallow Chinese companies from listing in US exchanges.  

From Australia, the manufacturing PMI fell to 42.8 from 44.1, while the services PMI tumbled to 25.5 from 19.5. 

Earlier Japanese data showed trade deficit at 930 billion yen in April compared to a 5.4 billion surplus in March. 

Japan's manufacturing PMI is down to 38.4 from 41.9 in April, while Japan's economy minister asserted the country is on right path for containing the coronavirus pandemic. 

Japan's government announced an emergency state in 39 regions out of 37 in Japan last week amid the spread of the coronavirus. 

Bank of Japan will hold an emergency meeting next Friday with Fed officials expected to maintain rates at negative 0.10% and launch more stimuli. 

Japan's TOPEX fell 0.17%, while Nikkei 220 shed 0.11% to 20,573. 

China's CSI 300 declined 0.10%, while Shanghai gave up 0.07% to 2,881. 

Hong Kong's Hang Seng declined 0.45%, while South Korea's KOSPI rose 0.34% to 1,996. 

New Zealand's NZX 50 shed 0.12%, while Australia's S&P/ASX 200 slipped 0.14% to 5,565.