Bulletin
Investor Alert

Dec. 2, 2010, 2:05 p.m. EST

Tokyo hits 5-month high as Asian markets climb

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Canon Inc. ADR (CAJ)
  • X
    Nissan Motor Co. Ltd. (7201)

or Cancel Already have a watchlist? Log In

By Colin Ng And John Phillips

Japanese exporters extended gains to send stocks to their highest finish in more than five months, while surging commodity prices lifted metal and mining shares around the region.

The Nikkei Stock Average rose 1.8% to 10168.52, a level last reached on June 21. Australia's S&P/ASX 200 climbed 2% to 4676.24, its best percentage gain since September, and South Korea's Kospi rose 1.1% to 1950.26.

Japanese shares were lifted by the stock-market rallies in the U.S. and Europe and Wednesday's weaker yen, which helped exporters. Canon /zigman2/quotes/210242912/composite CAJ -0.87% gained 2.5%. Nissan Motor /zigman2/quotes/208298710/delayed JP:7201 +0.18% advanced 3.1% after earlier news of strong U.S. sales. Skymark Airlines jumped 4% following announcement of plans to hire some 470 former Japan Airlines employees.

Strong economic data on Wednesday, including an improved report on U.S. private-sector jobs, and solid manufacturing activity in China buoyed sentiment.

Mining and other resource stocks rose across the region. BHP Billiton /zigman2/quotes/208108397/composite BHP -1.54% gained 2.6% and Rio Tinto /zigman2/quotes/202627887/composite RIO -0.28% climbed 2.3% in Sydney, Inpex /zigman2/quotes/206689846/delayed JP:1605 +0.42% added 1.2% in Tokyo, Cnooc /zigman2/quotes/204964401/composite CEO +0.43% climbed 3.2% in Hong Kong, while PetroChina /zigman2/quotes/205108732/composite PTR -1.26% rose 1.2% and Jiangxi Copper /zigman2/quotes/201334192/delayed CN:600362 +1.29% advanced 2.1% in Shanghai. In Mumbai, Cairn India gained 2.2%.

Australian shares gained even as retail sales in October fell 1.1% on a seasonally adjusted basis, against expectations of a 0.4% rise.

Leighton Holdings rose 3.4% after its Thiess subsidiary won a 20-year, 5.5 billion Australian dollar (US$5.33 billion) contract to mine coal at NTPC's Pakri Barwadhi field. The Indian field is expected to produce 15 million metric tons a year of coal, Leighton said.

In Seoul, Samsung Electronics jumped 4.8% after it confirmed that it will spend 2.6 trillion won ($2.3 billion) to build a plant in China to make liquid-crystal displays.

Elsewhere, Hong Kong's Hang Sang Index climbed 0.9% to 23448.78, and China's Shanghai Composite advanced 0.7% to 2843.61.

In Hong Kong, Chinese coal companies tumbled and independent power producers jumped after Xinhua reported that an official at the National Development and Reform Commission said China's coal miners must keep prices in 2011 unchanged from this year's contracts.

Yanzhou Coal Mining fell 3.2%, China Coal Energy /zigman2/quotes/201486584/delayed HK:1898 0.00% lost 4.4%, and China Shenhua Energy /zigman2/quotes/206065610/delayed HK:1088 +0.71% slid 5.1%. Among independent power producers, which benefit from stable coal prices, Huadian Power International /zigman2/quotes/206029871/delayed HK:1071 0.00% climbed 2.4% while Huaneng Power International /zigman2/quotes/202495959/composite HNP -0.85% and Datang International Power /zigman2/quotes/209691840/delayed HK:991 +1.47% both jumped 6.8%.

/zigman2/quotes/210242912/composite
US : U.S.: NYSE
$ 25.00
-0.22 -0.87%
Volume: 367,016
Feb. 20, 2020 6:30p
P/E Ratio
18.15
Dividend Yield
5.02%
Market Cap
$26.83 billion
Rev. per Employee
$180,925
loading...
/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 505.30
+0.90 +0.18%
Volume: 3.21M
Feb. 21, 2020 9:23a
P/E Ratio
47.39
Dividend Yield
1.98%
Market Cap
¥1974.57 billion
Rev. per Employee
¥85.36M
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 50.64
-0.79 -1.54%
Volume: 1.69M
Feb. 20, 2020 6:30p
P/E Ratio
14.91
Dividend Yield
5.25%
Market Cap
$75.72 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 54.19
-0.15 -0.28%
Volume: 1.24M
Feb. 20, 2020 6:30p
P/E Ratio
6.88
Dividend Yield
6.11%
Market Cap
$68.45 billion
Rev. per Employee
$852,406
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 1,076.50
+4.50 +0.42%
Volume: 536,200
Feb. 21, 2020 9:23a
P/E Ratio
10.01
Dividend Yield
3.34%
Market Cap
¥1521.53 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/204964401/composite
US : U.S.: NYSE
$ 158.15
+0.67 +0.43%
Volume: 317,059
Feb. 20, 2020 6:30p
P/E Ratio
8.38
Dividend Yield
5.28%
Market Cap
$70.31 billion
Rev. per Employee
$1.78M
loading...
/zigman2/quotes/205108732/composite
US : U.S.: NYSE
$ 43.81
-0.56 -1.26%
Volume: 94,702
Feb. 20, 2020 6:30p
P/E Ratio
10.13
Dividend Yield
3.86%
Market Cap
$9.36 billion
Rev. per Employee
$678,384
loading...
/zigman2/quotes/201334192/delayed
CN : China: Shanghai
¥ 14.89
+0.19 +1.29%
Volume: 42.49M
Feb. 20, 2020 3:00p
P/E Ratio
20.89
Dividend Yield
1.34%
Market Cap
¥50.90 billion
Rev. per Employee
¥10.12M
loading...
/zigman2/quotes/201486584/delayed
HK : Hong Kong
HK$ 2.72
0.00 0.00%
Volume: 5.95M
Feb. 20, 2020 4:08p
P/E Ratio
6.22
Dividend Yield
3.26%
Market Cap
HK$36.06 billion
Rev. per Employee
HK$2.78M
loading...
/zigman2/quotes/206065610/delayed
HK : Hong Kong
HK$ 14.24
+0.10 +0.71%
Volume: 23.54M
Feb. 20, 2020 4:08p
P/E Ratio
5.75
Dividend Yield
7.23%
Market Cap
HK$281.24 billion
Rev. per Employee
HK$3.46M
loading...
/zigman2/quotes/206029871/delayed
HK : Hong Kong
HK$ 2.51
0.00 0.00%
Volume: 5.79M
Feb. 20, 2020 4:08p
P/E Ratio
8.12
Dividend Yield
2.99%
Market Cap
HK$24.76 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/202495959/composite
US : U.S.: NYSE
$ 17.56
-0.15 -0.85%
Volume: 15,923
Feb. 20, 2020 6:30p
P/E Ratio
12.42
Dividend Yield
2.94%
Market Cap
$20.81 billion
Rev. per Employee
$438,110
loading...
/zigman2/quotes/209691840/delayed
HK : Hong Kong
HK$ 1.38
+0.02 +1.47%
Volume: 1.67M
Feb. 20, 2020 4:08p
P/E Ratio
23.63
Dividend Yield
8.04%
Market Cap
HK$25.17 billion
Rev. per Employee
HK$5.03M
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.