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Oct. 23, 2012, 6:06 a.m. EDT

Asia stocks end mainly lower in choppy session

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By Sarah Turner and Chris Oliver, MarketWatch

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Dollar/yen

In the currency market, the U.S. dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1141%  briefly traded over 80 Japanese yen for the first time since early July, up from ¥79.91 on Monday, before falling back to ¥79.77 as immediate central bank-easing hopes faded. The euro /zigman2/quotes/210561215/realtime/sampled EURJPY +0.0715%  reached its highest point against the yen since May but then also retreated.

Despite the yen’s rebound, the dollar was still at relatively elevated levels against the Japanese currency, and some exporters held their gains in Tokyo on Tuesday, with Casio Computer Co. /zigman2/quotes/202492162/delayed JP:6952 +1.93%   /zigman2/quotes/206719136/composite CSIOY +4.80%  trading up 2.8%, Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 +1.95%   /zigman2/quotes/209396469/composite NINOY +2.45%  adding 1.6% and Panasonic Corp. /zigman2/quotes/201785256/delayed JP:6752 +0.94%   nudging ahead by 0.6%.

In focus: Fuji Heavy and Korean steel makers

Meanwhile, shares of Fuji Heavy Industries Ltd. /zigman2/quotes/203522406/delayed JP:7270 +2.54%   /zigman2/quotes/203008939/composite FUJHF +3.46% , maker of Subaru brand vehicles, gained 3.8% after raising its net profit view to ¥40 billion from a prior estimate of ¥23 billion.

In South Korea, steel makers were adding pressure to the market, with Posco /zigman2/quotes/201759282/delayed KR:005490 0.00% /zigman2/quotes/209201002/composite PKX +2.21% , the world’s fourth-largest producer, trading 2.1% lower ahead of its earnings report due late Tuesday.

Standard & Poor’s downgraded its long-term-debt rating on Posco to BBB+ from A- late Monday, saying that the firm will struggle to secure financing and that its operational performance will likely be weaker than previously expected.

Among its rivals, Hyundai Steel Co. /zigman2/quotes/203290957/delayed KR:004020 +1.40%  declined 1.7% while Dongbu Steel Ltd. /zigman2/quotes/205598095/delayed KR:016380 -4.00%  eased 0.1%.

Mainland-listed Chinese commodity firms were weak, with Aluminum Corp. of China /zigman2/quotes/210453246/delayed CN:601600 -1.52%    /zigman2/quotes/208051344/composite ACH -2.35%  trading down 1% in Shanghai.

Mainland steel makers were also lower amid expected sluggish earnings and what’s believed to be government plans for a forced consolidation of the sector. Shares of Angang Steel Co. /zigman2/quotes/207174324/delayed CN:000898 +0.75%    fell 1.4% as Baoshan Iron & Steel /zigman2/quotes/203255146/delayed CN:600019 +0.41%  retreated 0.2%.

And Air China Ltd. /zigman2/quotes/203341301/delayed CN:601111 +4.10% dropped 1% after abandoning a plan to raise funds in a private placement with China National Aviation Holding Co., its state-owned parent. Tuesday’s session marked the first for the Beijing-based carrier since its shares were suspended earlier in October.

In Australia, commodity extractors underpinned gains for Sydney stocks, with Oz Minerals Ltd. /zigman2/quotes/208047353/delayed AU:OZL +0.36%  up 1.9% after saying that it’s on track to meet its fiscal-year production targets for copper and gold.

Also in the sector, Fortescue Metals Group Ltd. /zigman2/quotes/202351558/delayed AU:FMG -0.06% /zigman2/quotes/204116626/composite FSUMF +0.54%  advanced 1.7% while Rio Tinto Ltd. /zigman2/quotes/200083756/delayed AU:RIO +1.11%   /zigman2/quotes/202627887/composite RIO +1.58%   /zigman2/quotes/202627887/composite RIO +1.58%  rose 0.1%.

/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.7700
-0.1220 -0.1141%
Volume: 0.0000
Aug. 12, 2020 8:34p
loading...
/zigman2/quotes/210561215/realtime/sampled
US : Tullett Prebon
126.0500
+0.0900 +0.0715%
Volume: 0.0000
Aug. 12, 2020 8:34p
loading...
/zigman2/quotes/202492162/delayed
JP : Japan: Tokyo
¥ 1,638.00
+31.00 +1.93%
Volume: 214,700
Aug. 13, 2020 9:14a
P/E Ratio
33.74
Dividend Yield
1.83%
Market Cap
¥378.41 billion
Rev. per Employee
¥24.53M
loading...
/zigman2/quotes/206719136/composite
US : U.S.: OTC
$ 152.75
+7.00 +4.80%
Volume: 14.00
Aug. 12, 2020 3:17p
P/E Ratio
33.93
Dividend Yield
2.24%
Market Cap
$3.55 billion
Rev. per Employee
$222,207
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 835.00
+16.00 +1.95%
Volume: 1.20M
Aug. 13, 2020 9:14a
P/E Ratio
N/A
Dividend Yield
2.40%
Market Cap
¥297.37 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/209396469/composite
US : U.S.: OTC
$ 7.73
+0.19 +2.45%
Volume: 106,686
Aug. 12, 2020 3:45p
P/E Ratio
N/A
Dividend Yield
3.50%
Market Cap
$2.79 billion
Rev. per Employee
$309,299
loading...
/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 961.40
+9.00 +0.94%
Volume: 1.11M
Aug. 13, 2020 9:14a
P/E Ratio
13.51
Dividend Yield
3.12%
Market Cap
¥2179.48 billion
Rev. per Employee
¥29.74M
loading...
/zigman2/quotes/203522406/delayed
JP : Japan: Tokyo
¥ 2,280.00
+56.50 +2.54%
Volume: 312,900
Aug. 13, 2020 9:14a
P/E Ratio
22.29
Dividend Yield
2.46%
Market Cap
¥1684.69 billion
Rev. per Employee
¥95.93M
loading...
/zigman2/quotes/203008939/composite
US : U.S.: OTC
$ 20.96
+0.70 +3.46%
Volume: 1,086
Aug. 12, 2020 11:48a
P/E Ratio
22.32
Dividend Yield
N/A
Market Cap
$15.82 billion
Rev. per Employee
$868,462
loading...
/zigman2/quotes/201759282/delayed
KR : S. Korea: KRX
208,500
0.00 0.00%
Volume: 32,739
Aug. 13, 2020 9:14a
P/E Ratio
11.27
Dividend Yield
3.84%
Market Cap
₩16583.94 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209201002/composite
US : U.S.: NYSE
$ 44.03
+0.95 +2.21%
Volume: 152,754
Aug. 12, 2020 4:00p
P/E Ratio
11.25
Dividend Yield
3.60%
Market Cap
$13.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203290957/delayed
KR : S. Korea: KRX
28,900.00
+400.00 +1.40%
Volume: 313,685
Aug. 13, 2020 9:14a
P/E Ratio
N/A
Dividend Yield
2.60%
Market Cap
₩3616.16 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205598095/delayed
KR : S. Korea: KRX
14,400.00
-600.00 -4.00%
Volume: 35,955
Aug. 13, 2020 9:14a
P/E Ratio
12.12
Dividend Yield
N/A
Market Cap
₩1497.04 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210453246/delayed
CN : China: Shanghai
¥ 3.23
-0.05 -1.52%
Volume: 100.58M
Aug. 12, 2020 3:00p
P/E Ratio
126.17
Dividend Yield
0.35%
Market Cap
¥50.43 billion
Rev. per Employee
¥2.53M
loading...
/zigman2/quotes/208051344/composite
US : U.S.: NYSE
$ 6.64
-0.16 -2.35%
Volume: 74,708
Aug. 12, 2020 4:00p
P/E Ratio
71.47
Dividend Yield
N/A
Market Cap
$7.26 billion
Rev. per Employee
$387,394
loading...
/zigman2/quotes/207174324/delayed
CN : China: Shenzhen
¥ 2.70
+0.02 +0.75%
Volume: 25.14M
Aug. 12, 2020 3:00p
P/E Ratio
15.45
Dividend Yield
2.11%
Market Cap
¥24.23 billion
Rev. per Employee
¥2.93M
loading...
/zigman2/quotes/203255146/delayed
CN : China: Shanghai
¥ 4.91
+0.02 +0.41%
Volume: 74.28M
Aug. 12, 2020 3:00p
P/E Ratio
9.66
Dividend Yield
5.70%
Market Cap
¥108.06 billion
Rev. per Employee
¥4.57M
loading...
/zigman2/quotes/203341301/delayed
CN : China: Shanghai
¥ 7.36
+0.29 +4.10%
Volume: 182.18M
Aug. 12, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.60%
Market Cap
¥91.30 billion
Rev. per Employee
¥1.57M
loading...
/zigman2/quotes/208047353/delayed
AU : Australia: Sydney
$ 13.80
+0.05 +0.36%
Volume: 303,074
Aug. 13, 2020 10:14a
P/E Ratio
27.25
Dividend Yield
1.67%
Market Cap
$4.63 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 18.12
-0.01 -0.06%
Volume: 988,100
Aug. 13, 2020 10:14a
P/E Ratio
7.80
Dividend Yield
5.52%
Market Cap
$56.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204116626/composite
US : U.S.: OTC
$ 13.07
+0.07 +0.54%
Volume: 469.00
Aug. 12, 2020 11:08a
P/E Ratio
8.09
Dividend Yield
N/A
Market Cap
$40.52 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 102.53
+1.13 +1.11%
Volume: 170,617
Aug. 13, 2020 10:14a
P/E Ratio
15.62
Dividend Yield
5.52%
Market Cap
$145.70 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 62.32
+0.97 +1.58%
Volume: 3.01M
Aug. 12, 2020 4:00p
P/E Ratio
14.10
Dividend Yield
6.19%
Market Cap
$104.37 billion
Rev. per Employee
$852,406
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 62.32
+0.97 +1.58%
Volume: 3.01M
Aug. 12, 2020 4:00p
P/E Ratio
14.10
Dividend Yield
6.19%
Market Cap
$104.37 billion
Rev. per Employee
$852,406
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Sarah Turner is MarketWatch's bureau chief in Sydney. Chris Oliver is MarketWatch's Asia bureau chief, based in Hong Kong.

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