Bulletin
Investor Alert

Asia Markets Archives | Email alerts

April 18, 2013, 4:11 a.m. EDT

Sydney, Tokyo stocks sink; Shanghai edges up

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    KOSPI Composite Index (180721)
  • X
    S&P/ASX 200 Benchmark Index (XJO)

or Cancel Already have a watchlist? Log In

By V. Phani Kumar, MarketWatch

HONG KONG (MarketWatch) — Most Asian markets declined Thursday as sentiment took hits from falling commodity prices and weak U.S. corporate results, with some technology stocks dropping after a sharp fall in Apple Inc. shares.

Hong Kong shares ended lower for a fifth straight session, although mainland Chinese stocks found a little support from economic data showing an improvement in foreign direct investment inflows and home prices.


Reuters

Japan’s Nikkei Stock Average /zigman2/quotes/210597971/delayed JP:NIK -0.56%  and South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.12% each ended 1.2% lower, Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.53% tumbled 1.6%, Taiwan’s Taiex dropped 0.2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.19% fell 0.3%.

“Once again, bottom-up views continue to miss analysts’ lofty expectations,” said IG Markets strategist Evan Lucas, referring to recent downbeat results, including from Dow industrial components Bank of America Corp. /zigman2/quotes/200894270/composite BAC -0.73%  on Wednesday and Intel Corp. /zigman2/quotes/203649727/composite INTC +0.71%  a day earlier.

China markets volatile

The Shanghai Composite Index /zigman2/quotes/206600939/delayed CN:000001 +1.43%  ended 0.2% higher after a choppy session in which the benchmark changed direction a few times amid a generally weak tone in regional markets.

Data released earlier in the day showed foreign direct investment flows into China rose to $12.4 billion in March, rising 5.7% from the year-ago period.

Property shares advanced in the wake of figures showing that new-home prices climbed in 68 of 70 top Chinese cities surveyed in March from levels seen in February, despite recent measures to further tighten policies on the property sector.

“The rolling out of property loan/price restrictions are clearly designed to take some of the froth out of the top end of the market, not intended to destroy the sector altogether,” said Annette Beacher, head of Asia-Pacific research at TD Securities.

Shares of China Overseas Land & Investment Ltd. /zigman2/quotes/202573805/composite CAOVY +10.48% /zigman2/quotes/205731176/delayed HK:688 +3.83%  climbed 1.6%, and China Resources Land Ltd. /zigman2/quotes/202417326/delayed HK:1109 -1.28%   /zigman2/quotes/201656413/composite CRBJF -2.74%  gained 2.3% in Hong Kong, while China Vanke Co. rose 0.4% in Shenzhen.

The advance, however, contrasted with losses elsewhere in the region after a poor set of U.S. corporate earnings dragged on Wall Street overnight.

Several exporters and companies with a global exposure were pulled lower, with industrial-automation major Fanuc Corp. /zigman2/quotes/209410825/composite FANUY -0.46% /zigman2/quotes/202054799/delayed JP:6954 +0.90%  losing 2.3%, and camera maker Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 +2.83%   /zigman2/quotes/209396469/composite NINOY -3.93%  shedding 2.1% in Tokyo.

Shares of Prada S.p.A. /zigman2/quotes/200575701/delayed HK:1913 +5.25%   /zigman2/quotes/204689658/composite PRDSY -0.41%  dropped 1.5% in Hong Kong, and Hyundai Motor Co. /zigman2/quotes/204364212/composite HYMTF +11.06% /zigman2/quotes/206684590/delayed KR:005380 -0.76% shrank 2.1% in Seoul.

Click to Play

Apple breaks below $400

Apple shares fall below $400 for the first time since December 2011.

Resource stocks came under renewed selling pressure as crude-oil and metals lost further ground.

Heavyweight miner BHP Billiton Ltd. /zigman2/quotes/208108397/composite BHP +1.18% /zigman2/quotes/201448516/delayed AU:BHP +1.05%  tumbled 4.4% in Sydney, as gold miner Zijin Mining Group Co. /zigman2/quotes/204517000/delayed HK:2899 +2.38%   /zigman2/quotes/203833875/delayed CN:601899 +1.56%   /zigman2/quotes/209836076/composite ZIJMF +2.59%  lost 1.8% in Hong Kong and 0.6% in Shanghai. Steel maker Posco /zigman2/quotes/209201002/composite PKX +0.11% /zigman2/quotes/201759282/delayed KR:005490 -0.92% gave up 1.4% in Seoul.

Some shares of technology firms in Apple’s /zigman2/quotes/202934861/composite AAPL +0.54%  supply-chain suffered broad losses after stock in the iPhone maker dropped below $400 overnight, following a tepid revenue outlook from the company’s chips supplier Cirrus Logic Inc. /zigman2/quotes/208789077/composite CRUS +2.62% .

LG Display Co. /zigman2/quotes/204466928/composite LPL +1.79%   /zigman2/quotes/204226570/delayed KR:034220 -0.24%  lost 4.8% in Seoul, and Hon Hai Precision Industry Co. /zigman2/quotes/207256514/delayed TW:2317 0.00%  retreated 1.3% in Taipei, while mobile service provider Softbank Corp. /zigman2/quotes/207303954/delayed JP:9984 -1.04% /zigman2/quotes/202815238/composite SFTBF +2.48%  lost 1.6% in Tokyo.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,472.58
-160.88 -0.56%
Volume: 0.00
Jan. 20, 2021 12:31p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,096.38
+3.72 +0.12%
Volume: 809,000
Jan. 20, 2021 12:31p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,778.40
+35.80 +0.53%
Volume: 286,405
Jan. 20, 2021 2:31p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,697.88
+55.60 +0.19%
Volume: 1.88M
Jan. 20, 2021 11:36a
loading...
/zigman2/quotes/200894270/composite
US : U.S.: NYSE
$ 32.77
-0.24 -0.73%
Volume: 78.13M
Jan. 19, 2021 4:00p
P/E Ratio
16.20
Dividend Yield
2.20%
Market Cap
$285.56 billion
Rev. per Employee
$547,433
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 57.99
+0.41 +0.71%
Volume: 35.65M
Jan. 19, 2021 4:00p
P/E Ratio
11.37
Dividend Yield
2.28%
Market Cap
$235.96 billion
Rev. per Employee
$649,504
loading...
/zigman2/quotes/206600939/delayed
CN : China: Shenzhen
¥ 22.66
+0.32 +1.43%
Volume: 59.00M
Jan. 20, 2021 11:30a
P/E Ratio
17.97
Dividend Yield
0.96%
Market Cap
¥440.51 billion
Rev. per Employee
¥6.12M
loading...
/zigman2/quotes/202573805/composite
US : U.S.: OTC
$ 11.70
+1.11 +10.48%
Volume: 2,784
Jan. 19, 2021 3:42p
P/E Ratio
N/A
Dividend Yield
4.82%
Market Cap
$24.07 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 19.50
+0.72 +3.83%
Volume: 94.65M
Jan. 20, 2021 11:36a
P/E Ratio
N/A
Dividend Yield
5.23%
Market Cap
HK$196.06 billion
Rev. per Employee
HK$30.79M
loading...
/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 34.65
-0.45 -1.28%
Volume: 6.04M
Jan. 20, 2021 11:36a
P/E Ratio
8.01
Dividend Yield
3.45%
Market Cap
HK$227.12 billion
Rev. per Employee
HK$3.68M
loading...
/zigman2/quotes/201656413/composite
US : U.S.: OTC
$ 3.90
-0.11 -2.74%
Volume: 2,000
Jan. 15, 2021 3:21p
P/E Ratio
7.03
Dividend Yield
N/A
Market Cap
$28.69 billion
Rev. per Employee
$470,019
loading...
/zigman2/quotes/209410825/composite
US : U.S.: OTC
$ 26.17
-0.12 -0.46%
Volume: 274,819
Jan. 19, 2021 3:59p
P/E Ratio
88.29
Dividend Yield
0.67%
Market Cap
$50.83 billion
Rev. per Employee
$572,590
loading...
/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 27,375.00
+245.00 +0.90%
Volume: 324,800
Jan. 20, 2021 12:31p
P/E Ratio
85.68
Dividend Yield
0.70%
Market Cap
¥5158.08 billion
Rev. per Employee
¥62.26M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 800.00
+22.00 +2.83%
Volume: 2.67M
Jan. 20, 2021 12:31p
P/E Ratio
N/A
Dividend Yield
2.50%
Market Cap
¥281.23 billion
Rev. per Employee
¥29.27M
loading...
/zigman2/quotes/209396469/composite
US : U.S.: OTC
$ 7.47
-0.31 -3.93%
Volume: 7,856
Jan. 19, 2021 3:55p
P/E Ratio
N/A
Dividend Yield
1.84%
Market Cap
$2.91 billion
Rev. per Employee
$269,232
loading...
/zigman2/quotes/200575701/delayed
HK : Hong Kong
HK$ 50.15
+2.50 +5.25%
Volume: 534,610
Jan. 20, 2021 11:36a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$118.22 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204689658/composite
US : U.S.: OTC
$ 12.16
-0.05 -0.41%
Volume: 887.00
Jan. 19, 2021 12:28p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$15.51 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204364212/composite
US : U.S.: OTC
$ 57.75
+5.75 +11.06%
Volume: 41,642
Jan. 19, 2021 3:54p
P/E Ratio
31.03
Dividend Yield
N/A
Market Cap
$49.77 billion
Rev. per Employee
$1.30M
loading...
/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
259,500
-2,000 -0.76%
Volume: 4.21M
Jan. 20, 2021 12:31p
P/E Ratio
58.70
Dividend Yield
1.16%
Market Cap
₩54811.65 billion
Rev. per Employee
₩1.51B
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 71.44
+0.83 +1.18%
Volume: 3.43M
Jan. 19, 2021 4:00p
P/E Ratio
22.78
Dividend Yield
3.36%
Market Cap
$167.46 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 46.35
+0.48 +1.05%
Volume: 2.05M
Jan. 20, 2021 2:31p
P/E Ratio
19.89
Dividend Yield
3.77%
Market Cap
$212.82 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204517000/delayed
HK : Hong Kong
HK$ 9.48
+0.22 +2.38%
Volume: 28.08M
Jan. 20, 2021 11:36a
P/E Ratio
36.53
Dividend Yield
1.16%
Market Cap
HK$304.05 billion
Rev. per Employee
HK$6.84M
loading...
/zigman2/quotes/203833875/delayed
CN : China: Shanghai
¥ 10.44
+0.16 +1.56%
Volume: 121.00M
Jan. 20, 2021 11:30a
P/E Ratio
44.69
Dividend Yield
0.96%
Market Cap
¥254.64 billion
Rev. per Employee
¥6.72M
loading...
/zigman2/quotes/209836076/composite
US : U.S.: OTC
$ 1.19
+0.03 +2.59%
Volume: 46,104
Jan. 19, 2021 3:55p
P/E Ratio
35.63
Dividend Yield
N/A
Market Cap
$38.87 billion
Rev. per Employee
$872,997
loading...
/zigman2/quotes/209201002/composite
US : U.S.: NYSE
$ 61.67
+0.07 +0.11%
Volume: 63,777
Jan. 19, 2021 4:00p
P/E Ratio
24.77
Dividend Yield
2.04%
Market Cap
$19.62 billion
Rev. per Employee
$3.14M
loading...
/zigman2/quotes/201759282/delayed
KR : S. Korea: KRX
268,500
-2,500 -0.92%
Volume: 194,299
Jan. 20, 2021 12:31p
P/E Ratio
22.63
Dividend Yield
2.79%
Market Cap
₩20865.19 billion
Rev. per Employee
₩3.66B
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 127.83
+0.69 +0.54%
Volume: 90.76M
Jan. 19, 2021 4:00p
P/E Ratio
39.13
Dividend Yield
0.64%
Market Cap
$2138.91 billion
Rev. per Employee
$1.86M
loading...
/zigman2/quotes/208789077/composite
US : U.S.: Nasdaq
$ 101.35
+2.59 +2.62%
Volume: 480,937
Jan. 19, 2021 4:00p
P/E Ratio
39.11
Dividend Yield
N/A
Market Cap
$5.72 billion
Rev. per Employee
$887,820
loading...
/zigman2/quotes/204466928/composite
US : U.S.: NYSE
$ 9.67
+0.17 +1.79%
Volume: 531,158
Jan. 19, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.85 billion
Rev. per Employee
$754,931
loading...
/zigman2/quotes/204226570/delayed
KR : S. Korea: KRX
20,950.00
-50.00 -0.24%
Volume: 2.28M
Jan. 20, 2021 12:31p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
₩7388.89 billion
Rev. per Employee
₩880.39M
loading...
/zigman2/quotes/207256514/delayed
TW : Taiwan
NT$ 115.00
0.00 0.00%
Volume: 89.22M
Jan. 20, 2021 11:31a
P/E Ratio
15.56
Dividend Yield
3.65%
Market Cap
NT$1580.21 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 8,667.00
-91.00 -1.04%
Volume: 11.27M
Jan. 20, 2021 12:31p
P/E Ratio
39.60
Dividend Yield
0.00%
Market Cap
¥15979.86 billion
Rev. per Employee
¥76.45M
loading...
/zigman2/quotes/202815238/composite
US : U.S.: OTC
$ 83.95
+2.03 +2.48%
Volume: 2,511
Jan. 19, 2021 3:13p
P/E Ratio
38.93
Dividend Yield
N/A
Market Cap
$154.11 billion
Rev. per Employee
$703,100
loading...

Varahabhotla Phani Kumar is a reporter in MarketWatch's Hong Kong bureau. Follow him on Twitter @MktwKumar.

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.