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Dec. 14, 2011, 3:10 a.m. EST

Asia shares end mostly lower after Fed meeting

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By V. Phani Kumar and Sarah Turner, MarketWatch

HONG KONG (MarketWatch) — Most Asian markets fell Wednesday as belied hopes that the U.S. Federal Reserve would signal another round of asset purchases and concern about the fallout from European debt troubles kept buyers away.

Many regional markets flirted with positive territory during the session after a string of recent declines, but they couldn’t hold on to the gains.

“The markets have already factored in a lot of negative news. ... In the absence of a liquidity push, the market is unlikely to have a strong rebound,” said Ben Kwong, chief operating officer at KGI Asia.

He said stock trading volumes were low and investors were staying on the sidelines amid “continued repatriation of funds back to European countries.”

Click to Play

Economists see U.S. uptick

WSJ's Conor Dougherty has details of a series of optimistic reports from economists that point to better economic performance in 2012.

Japan’s Nikkei Stock Average /zigman2/quotes/210597971/delayed JP:NIK -3.34%  finished the day 0.4% lower at 8,519.13 and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.60%  dropped 0.1% to 4,190.50.

Taiwan’s Taiex rose 0.4% to 6,922.57 and South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.18%  shed 0.3% to 1,857.75.

China’s Shanghai Composite /zigman2/quotes/206600939/delayed CN:000001 -1.25%  ended 0.9% lower at 2,228.53, racking up a fifth day of losses, while the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.27% dropped 0.5% to 18,354.43.

Financials were mixed in Hong Kong, with shares of AIA Group Ltd. /zigman2/quotes/205179901/delayed AAGIY -4.04% /zigman2/quotes/203565558/delayed HK:1299 +0.13%  rising 0.6% and Bank of China Ltd. /zigman2/quotes/204682472/delayed HK:3988 -0.64% /zigman2/quotes/201568493/delayed BACHY -2.75%  gaining 0.4%, while heavyweight HSBC Holdings PLC /zigman2/quotes/202687335/delayed HK:5 -0.80% declined 1.8%.

But resource-sector stocks mostly declined in Hong Kong as well as Shanghai, tracking weak metals prices.

/zigman2/quotes/208051344/composite ACH 7.00, -0.39, -5.28%

Aluminum Corp. of China /zigman2/quotes/208051344/composite ACH -5.28% /zigman2/quotes/210453246/delayed CN:601600 -1.89% , or Chalco, shed 3%, Jiangxi Copper Co. /zigman2/quotes/204256025/delayed JIXAY -2.94% /zigman2/quotes/201334192/delayed CN:600362 -2.15% fell 1.7% and Zhongjin Gold Corp. /zigman2/quotes/207741711/delayed CN:600489 -1.46%  shed 2.4% in Shanghai; in Hong Kong, Chalco /zigman2/quotes/202960704/delayed HK:2600 -1.82%  lost 3.1% and Jiangxi /zigman2/quotes/201668148/delayed HK:358 -0.64%  fell 1.4%.

In Tokyo, JFE Holdings Inc. /zigman2/quotes/203557603/delayed JFEEF -7.70% /zigman2/quotes/204336633/delayed JP:5411 -5.06%  fell 0.9% and Mitsui Mining & Smelting Co. /zigman2/quotes/208540098/delayed JP:5706 -3.91%  shed 1.4%.

In Sydney, Alumina Ltd. /zigman2/quotes/210515632/delayed AU:AWC -1.39%  dropped 0.8% and Newcrest Mining Ltd. /zigman2/quotes/203840223/delayed AU:NCM -3.58% /zigman2/quotes/203286036/delayed NCMGY +1.76% gave up 1.2%.

Shares of Olympus Corp. /zigman2/quotes/206207642/delayed OCPNY -2.60% /zigman2/quotes/200860615/delayed JP:7733 -2.46%  fell 4.1% in Tokyo after the company submitted corrected earnings reports for the past five financial years, after admitting to an accounting scandal.

The day’s losses came after the U.S. Federal Reserve Tuesday didn’t signal that it would launch another round of asset purchases, prompting a retreat for stocks on Wall Street. Read more on U.S. stock markets.

Weaker-than-expected U.S. retail sales also damped sentiment, while Europe’s debt troubles and the potential impact on global economic growth are an ongoing concern for investors.

In Japan, shares of exporters continued to weaken on the global-demand outlook, with Honda Motor Co. /zigman2/quotes/200490352/delayed JP:7267 -3.42% /zigman2/quotes/207173990/composite HMC -3.73% dropping 2.2% and Komatsu Ltd. /zigman2/quotes/204002437/delayed JP:6301 -1.82% /zigman2/quotes/206435044/delayed KMTUF -1.64% shedding 1.3%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,605.41
-781.33 -3.34%
Volume: 0.00
Feb. 25, 2020 3:15p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,866.60
-111.70 -1.60%
Volume: 1.04M
Feb. 25, 2020 5:32p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,103.61
+24.57 +1.18%
Volume: 1.57M
Feb. 25, 2020 3:32p
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/zigman2/quotes/206600939/delayed
CN : China: Shenzhen
¥ 15.04
-0.19 -1.25%
Volume: 114.46M
Feb. 25, 2020 3:00p
P/E Ratio
10.75
Dividend Yield
1.45%
Market Cap
¥295.55 billion
Rev. per Employee
¥6.12M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,893.23
+72.35 +0.27%
Volume: 1.92M
Feb. 25, 2020 4:37p
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/zigman2/quotes/205179901/delayed
US : U.S.: OTC
$ 39.18
-1.65 -4.04%
Volume: 207,562
Feb. 24, 2020 3:59p
P/E Ratio
24.46
Dividend Yield
1.41%
Market Cap
$119.54 billion
Rev. per Employee
$1.66M
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/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 77.45
+0.10 +0.13%
Volume: 19.76M
Feb. 25, 2020 4:08p
P/E Ratio
24.67
Dividend Yield
1.52%
Market Cap
HK$931.88 billion
Rev. per Employee
HK$12.98M
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/zigman2/quotes/204682472/delayed
HK : Hong Kong
HK$ 3.12
-0.02 -0.64%
Volume: 259.91M
Feb. 25, 2020 4:08p
P/E Ratio
4.39
Dividend Yield
6.76%
Market Cap
HK$924.31 billion
Rev. per Employee
HK$3.13M
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/zigman2/quotes/201568493/delayed
US : U.S.: OTC
$ 9.91
-0.28 -2.75%
Volume: 81,081
Feb. 24, 2020 3:57p
P/E Ratio
4.45
Dividend Yield
5.61%
Market Cap
$33.68 billion
Rev. per Employee
$399,878
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/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 56.05
-0.45 -0.80%
Volume: 47.02M
Feb. 25, 2020 4:08p
P/E Ratio
23.71
Dividend Yield
7.09%
Market Cap
HK$1147.72 billion
Rev. per Employee
HK$2.88M
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/zigman2/quotes/208051344/composite
US : U.S.: NYSE
$ 7.00
-0.39 -5.28%
Volume: 90,540
Feb. 24, 2020 6:30p
P/E Ratio
308.37
Dividend Yield
N/A
Market Cap
$1.10 billion
Rev. per Employee
$387,394
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/zigman2/quotes/210453246/delayed
CN : China: Shanghai
¥ 3.11
-0.06 -1.89%
Volume: 83.51M
Feb. 25, 2020 3:00p
P/E Ratio
565.45
Dividend Yield
0.37%
Market Cap
¥53.96 billion
Rev. per Employee
¥2.53M
loading...
/zigman2/quotes/204256025/delayed
US : U.S.: OTC
$ 51.90
-1.57 -2.94%
Volume: 1.00
Feb. 24, 2020 5:20p
P/E Ratio
33.52
Dividend Yield
1.97%
Market Cap
$16.73 billion
Rev. per Employee
$1.55M
loading...
/zigman2/quotes/201334192/delayed
CN : China: Shanghai
¥ 14.55
-0.32 -2.15%
Volume: 42.07M
Feb. 25, 2020 3:00p
P/E Ratio
20.42
Dividend Yield
1.37%
Market Cap
¥51.49 billion
Rev. per Employee
¥10.12M
loading...
/zigman2/quotes/207741711/delayed
CN : China: Shanghai
¥ 8.80
-0.13 -1.46%
Volume: 109.43M
Feb. 25, 2020 3:00p
P/E Ratio
225.64
Dividend Yield
0.23%
Market Cap
¥30.82 billion
Rev. per Employee
¥1.20M
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/zigman2/quotes/202960704/delayed
HK : Hong Kong
HK$ 2.16
-0.04 -1.82%
Volume: 17.15M
Feb. 25, 2020 4:08p
P/E Ratio
300.00
Dividend Yield
N/A
Market Cap
HK$37.45 billion
Rev. per Employee
HK$3.03M
loading...
/zigman2/quotes/201668148/delayed
HK : Hong Kong
HK$ 9.34
-0.06 -0.64%
Volume: 3.70M
Feb. 25, 2020 4:08p
P/E Ratio
11.49
Dividend Yield
2.44%
Market Cap
HK$32.55 billion
Rev. per Employee
HK$12.12M
loading...
/zigman2/quotes/203557603/delayed
US : U.S.: OTC
$ 9.23
-0.77 -7.70%
Volume: 101.00
Feb. 24, 2020 1:55p
P/E Ratio
8.76
Dividend Yield
N/A
Market Cap
$5.32 billion
Rev. per Employee
$583,723
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/zigman2/quotes/204336633/delayed
JP : Japan: Tokyo
¥ 1,050.00
-56.00 -5.06%
Volume: 8.06M
Feb. 25, 2020 3:00p
P/E Ratio
8.96
Dividend Yield
1.90%
Market Cap
¥636.89 billion
Rev. per Employee
¥64.46M
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/zigman2/quotes/208540098/delayed
JP : Japan: Tokyo
¥ 2,873.00
-117.00 -3.91%
Volume: 1.08M
Feb. 25, 2020 3:00p
P/E Ratio
25.11
Dividend Yield
2.44%
Market Cap
¥170.75 billion
Rev. per Employee
¥42.23M
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/zigman2/quotes/210515632/delayed
AU : Australia: Sydney
$ 2.13
-0.03 -1.39%
Volume: 18.19M
Feb. 25, 2020 4:10p
P/E Ratio
7.86
Dividend Yield
12.27%
Market Cap
$6.22 billion
Rev. per Employee
N/A
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/zigman2/quotes/203840223/delayed
AU : Australia: Sydney
$ 29.09
-1.08 -3.58%
Volume: 5.12M
Feb. 25, 2020 4:10p
P/E Ratio
27.93
Dividend Yield
1.15%
Market Cap
$23.15 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203286036/delayed
US : U.S.: OTC
$ 19.76
+0.34 +1.76%
Volume: 84,605
Feb. 24, 2020 3:58p
P/E Ratio
27.18
Dividend Yield
0.98%
Market Cap
$15.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206207642/delayed
US : U.S.: OTC
$ 18.01
-0.48 -2.60%
Volume: 4,893
Feb. 24, 2020 3:46p
P/E Ratio
42.19
Dividend Yield
N/A
Market Cap
$24.12 billion
Rev. per Employee
$200,545
loading...
/zigman2/quotes/200860615/delayed
JP : Japan: Tokyo
¥ 2,025.00
-51.00 -2.46%
Volume: 9.87M
Feb. 25, 2020 3:00p
P/E Ratio
43.70
Dividend Yield
0.49%
Market Cap
¥2668.85 billion
Rev. per Employee
¥22.14M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,935.00
-104.00 -3.42%
Volume: 6.24M
Feb. 25, 2020 3:00p
P/E Ratio
10.93
Dividend Yield
3.82%
Market Cap
¥5308.87 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/207173990/composite
US : U.S.: NYSE
$ 26.04
-1.01 -3.73%
Volume: 770,756
Feb. 24, 2020 6:30p
P/E Ratio
10.52
Dividend Yield
3.34%
Market Cap
$45.49 billion
Rev. per Employee
$661,808
loading...
/zigman2/quotes/204002437/delayed
JP : Japan: Tokyo
¥ 2,241.50
-41.50 -1.82%
Volume: 7.96M
Feb. 25, 2020 3:00p
P/E Ratio
10.20
Dividend Yield
4.91%
Market Cap
¥2156.05 billion
Rev. per Employee
¥45.51M
loading...
/zigman2/quotes/206435044/delayed
US : U.S.: OTC
$ 21.61
-0.36 -1.64%
Volume: 22.00
Feb. 24, 2020 5:20p
P/E Ratio
10.74
Dividend Yield
N/A
Market Cap
$18.56 billion
Rev. per Employee
$412,180
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Varahabhotla Phani Kumar is a reporter in MarketWatch's Hong Kong bureau. Sarah Turner is MarketWatch's bureau chief in Sydney.

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