Asia Stocks Mostly Down; Nintendo Drops on Pokémon Go Delays

BHP Billiton falls in Sydney after the company said iron ore production fell by 7% in the fourth quarter.
By Lisa Botter ,

Asia markets were largely down on Wednesday. 

In Tokyo, the Nikkei was down 0.25% at 16,681.89 and the Topix was narrowly down 0.05% at 1,330.75.

Nintendo (NTDOY) shares dropped more than 12% today in Tokyo after the company delayed release of the overnight sensation Pokemon Go in Japan. Sources told TechCrunch that the game developer Niantic held off on the launch due to worries hype about the game would overload servers.

In Hong Kong, the Hang Seng was recently up 0.88%.

On mainland China, the CSI 300 was down 0.22% at 3,241.16.

In Seoul, South Korea, the Kopsi was down 0.07% at 2,015.46.

In Australia, the S&P/ASX 200 gained 0.69% to end the day at 5,488.70

BHP Billiton (BHP) - Get Report fell 2.92% in Sydney today after the company said that production of iron ore, a key component of steel, fell by 7% to 56 million tons in the fourth quarter, just under analysts' expectations, and taking full-year output to 227 million tons, below BHP's April guidance of 229 million tons.

For the 2017 fiscal year, however, BHP expects to produce 228 to 237 million tons of iron ore, which would represent a rise of up to 4%.

Indicators for the U.S. markets were narrowly up after Donald Trump sealed the official approval from the Republican Party to be its nominee for the upcoming presidential election. Dow Jones Industrial Average mini futures were up 0.16% and S&P 500 mini futures was recently up 0.09%.

West Texas Intermediate crude was recently up 0.13% at $44.771 and Brent Crude was up 0.11% at %46.71 a barrel.

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