Asian shares fell in muted trading as markets were closed for Good Friday and other holidays.
Benchmarks declined in Tokyo, Seoul and Shanghai. Sydney, Sydney, Manila, Bangkok and Hong Kong were among markets observing holidays on Friday. U.S. and European markets also were closed.
Japan's benchmark Nikkei 225 lost 0.3% to 27,089.25. South Korea's Kospi dipped 0.7% to 2,697.15. The Shanghai Composite lost 0.6% to 3,205.55. A quartet of big banks reported noticeable declines in their first-quarter profits as the latest earnings season kicks into gear. Volatile markets and the war in Ukraine caused deal-making to dry up while a slowdown in the housing market meant fewer people sought mortgages.
Retailers and other companies that rely on consumer spending also weighed on the market. Amazon fell 2.5%. Energy stocks rose along with the price of crude oil. Exxon Mobil rose 1.2%. Wall Street had mixed economic data to review following several hot inflation reports earlier in the week. The Commerce Department said retail sales rose 0.5% in March, boosted by higher prices for gasoline, as consumers continue to spend despite high inflation.
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