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Aug. 21, 2012, 5:20 a.m. EDT

Asia stocks advance; Australia, China up

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By Sarah Turner and Chris Oliver, MarketWatch

HONG KONG (MarketWatch) — Asian markets ended higher Tuesday, with gains in Woodside Petroleum Ltd. helping lift Australia’s main share index to a three-and-a-half month high, while mainland China stocks were helped by state media reports of policy plans to boost consumption spending.

Australia’s S&P/ASX 200 index /zigman2/quotes/210598100/delayed AU:XJO +0.54%  rose 0.4% to 4,402.7, its highest closing level since May 4.

The Shanghai Composite Index /zigman2/quotes/206600939/delayed CN:000001 -0.33% advanced 0.5% and the Shenzhen Composite Index added 1.4%.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.63%  slipped 0.2% and Japan’s Nikkei Stock Average /zigman2/quotes/210597971/delayed JP:NIK +1.00%  lost 0.2%.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.38%  ended little changed, shedding 4 points, dragged down by weakness in Cnooc. /zigman2/quotes/204964401/composite CEO +1.53% , /zigman2/quotes/203421416/delayed HK:883 +0.99%  The oil giant’s shares fell 3%, as investors reacted to its sharper-than-expected drop in first-half profit. Read more on Cnooc earnings.

Regionally, stocks were higher, with the Asia Dow edging up 0.5% to 2,727 in late afternoon trades in east Asia.

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Asian stocks have gained between 0.4% and 5.3% so far this month, but Credit Agricole strategists said that they expected range-trading in Asia as “investors await Federal Open Market Committee minutes tomorrow and potential euro-zone decisions on its sovereign-debt crisis later in the week.”

Ric Spooner, chief market analyst at CMC Markets in Sydney, said: “we have arrived at valuation levels where investors will find it more difficult to buy aggressively without more certainty on proposed European initiatives.”

Stimulus optimism emerged on Tuesday, after a report Tuesday in the state-run Xinhua news agency’s Economic Information Daily, which said China is considering the introduction of measures to boost domestic consumption this year. Such measures would likely include encouraging the use of credit, the report said without citing sources.

Among Shanghai car makers, Dongfeng Automobile Co. /zigman2/quotes/204035591/delayed CN:600006 +0.74%  gave up gains to end unchanged for the session, while SAIC Motor Corp. /zigman2/quotes/201442870/delayed CN:600104 +1.01% advanced 0.3%.

Australia

Energy firms led the way higher in Australia.

Woodside Petroleum Ltd. /zigman2/quotes/203437212/delayed AU:WPL +0.80%   /zigman2/quotes/206770672/delayed WOPEF +3.37%   advanced 2.5% after Chevron Corp. /zigman2/quotes/205871374/composite CVX +0.45%  and Royal Dutch Shell PLC /zigman2/quotes/206428183/delayed UK:RDSA +0.73%   /zigman2/quotes/205095589/composite RDS.A +0.02%  agreed Monday to swap stakes in Australian natural-gas assets, including Woodside-operated Browse. Read more on Chevron, Shell deal.

While Cnooc weighed on Hong Kong, some gains helped limit the index’s losses, including a 2.2% rise for casino operator Sands China Ltd. /zigman2/quotes/207609245/delayed HK:1928 -0.87%   /zigman2/quotes/201078396/delayed SCHYY +0.25% , a 1.5% advance for Aluminum Corp. of China /zigman2/quotes/202960704/delayed HK:2600 +0.44%   /zigman2/quotes/208051344/composite ACH +0.27% and a 6% surge for Tingyi Holding Corp. /zigman2/quotes/208969648/delayed HK:322 -0.68%   /zigman2/quotes/208456721/delayed TCYMY -2.30%  after Credit Suisse upgraded it to outperform from neutral.

Hong Kong-listed shares of mainland China retailer GOME Electrical Appliances /zigman2/quotes/209097490/delayed HK:493 0.00%  rallied 14% on news of possible government initiatives to boost consumer spending.

Tokyo

Tokyo trading saw games firm Konami Corp. /zigman2/quotes/204275993/delayed JP:9766 +2.91%  climb 3.6%, while Nintendo Co.   /zigman2/quotes/206371241/delayed NTDOF +1.11%  advanced 2.2% after it released its 3DS XL portable game system in the U.S.

Broker ratings helped some Japanese firms as well, with Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 -0.39% /zigman2/quotes/208783738/delayed FJTSY +1.55% , higher by 3.7% following a Citigroup upgrade to buy from neutral, according to Dow Jones Newswires.

However, the broker also downgraded Japanese shipping firm Mitsui O.S. K. Lines Ltd. /zigman2/quotes/204152844/delayed JP:9104 +2.25%   /zigman2/quotes/207984028/delayed MSLOY -10.46% ,to neutral from buy, with the move working to send the firm’s shares down 2.7%.

/zigman2/quotes/205375504/delayed 6305 2,983.00, +47.00, +1.60%
/zigman2/quotes/204002437/delayed 6301 2,317.50, +20.50, +0.89%

Machinery firms also weighed on the Tokyo market, with Hitachi Construction Machinery Co. /zigman2/quotes/205375504/delayed JP:6305 +1.60%   /zigman2/quotes/202936726/delayed HTCMF +16.87%  down 3% and Komatsu Ltd. /zigman2/quotes/204002437/delayed JP:6301 +0.89%   /zigman2/quotes/205979659/delayed KMTUY -0.81%   losing 2.8% after SMBC Nikko Securities cut its stance on both firms to neutral from outperform, in part due to lower sales in China.

In Korean trade, LG Chem Inc.  declined 0.9% after the firm said it’s under investigation by the U.S. Department of Justice for possible price-fixing of lithium batteries. Read more on probe of LG Chem.

However, the Seoul market found support from chip maker SK Hynix Inc. /zigman2/quotes/203669196/delayed HXSCL 0.00% , up 2.8%.

In other regional action, India’s Senex was up 0.6% late in trading, and Singapore’s Straits Times Index added 0.2%. Both markets were closed Monday for public holidays.

/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,182.90
+38.30 +0.54%
Volume: 439,305
Feb. 20, 2020 1:15p
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/zigman2/quotes/206600939/delayed
CN : China: Shenzhen
¥ 15.19
-0.05 -0.33%
Volume: 22.16M
Feb. 20, 2020 10:20a
P/E Ratio
10.86
Dividend Yield
1.44%
Market Cap
¥294.97 billion
Rev. per Employee
¥6.12M
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,196.47
-13.87 -0.63%
Volume: 292,638
Feb. 20, 2020 11:16a
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/zigman2/quotes/210597971/delayed
add Add to watchlist JP:100000018
JP : Nikkei
23,635.38
+234.68 +1.00%
Volume: 0.00
Feb. 20, 2020 11:16a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,550.84
-104.97 -0.38%
Volume: 322,326
Feb. 20, 2020 10:21a
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/zigman2/quotes/204964401/composite
US : U.S.: NYSE
$ 157.48
+2.38 +1.53%
Volume: 144,126
Feb. 19, 2020 6:30p
P/E Ratio
8.35
Dividend Yield
5.30%
Market Cap
$69.25 billion
Rev. per Employee
$1.78M
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 12.20
+0.12 +0.99%
Volume: 18.17M
Feb. 20, 2020 10:20a
P/E Ratio
8.25
Dividend Yield
5.98%
Market Cap
HK$535.77 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/204035591/delayed
CN : China: Shanghai
¥ 4.08
+0.03 +0.74%
Volume: 4.52M
Feb. 20, 2020 10:20a
P/E Ratio
17.29
Dividend Yield
2.04%
Market Cap
¥8.18 billion
Rev. per Employee
¥2.18M
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/zigman2/quotes/201442870/delayed
CN : China: Shanghai
¥ 22.98
+0.23 +1.01%
Volume: 6.04M
Feb. 20, 2020 10:21a
P/E Ratio
9.22
Dividend Yield
5.48%
Market Cap
¥263.81 billion
Rev. per Employee
¥5.14M
loading...
/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 33.50
+0.27 +0.80%
Volume: 918,593
Feb. 20, 2020 1:16p
P/E Ratio
64.80
Dividend Yield
4.06%
Market Cap
$30.92 billion
Rev. per Employee
$1.92M
loading...
/zigman2/quotes/206770672/delayed
US : U.S.: OTC
$ 23.53
+0.77 +3.37%
Volume: 47.00
Feb. 19, 2020 5:20p
P/E Ratio
64.02
Dividend Yield
3.87%
Market Cap
$20.79 billion
Rev. per Employee
$1.43M
loading...
/zigman2/quotes/205871374/composite
US : U.S.: NYSE
$ 110.74
+0.50 +0.45%
Volume: 5.89M
Feb. 19, 2020 6:30p
P/E Ratio
74.43
Dividend Yield
4.66%
Market Cap
$208.45 billion
Rev. per Employee
$3.27M
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/zigman2/quotes/206428183/delayed
UK : U.K.: London
1,928.20 p
+14.00 +0.73%
Volume: 5.93M
Feb. 19, 2020 4:35p
P/E Ratio
12.59
Dividend Yield
7.50%
Market Cap
£149.75 billion
Rev. per Employee
N/A
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/zigman2/quotes/205095589/composite
US : U.S.: NYSE
$ 50.22
+0.01 +0.02%
Volume: 4.63M
Feb. 19, 2020 6:30p
P/E Ratio
12.87
Dividend Yield
6.36%
Market Cap
$103.01 billion
Rev. per Employee
$4.75M
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 39.80
-0.35 -0.87%
Volume: 3.34M
Feb. 20, 2020 10:20a
P/E Ratio
20.91
Dividend Yield
5.00%
Market Cap
HK$325.96 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/201078396/delayed
US : U.S.: OTC
$ 52.05
+0.13 +0.25%
Volume: 29,765
Feb. 19, 2020 3:50p
P/E Ratio
21.44
Dividend Yield
4.71%
Market Cap
$41.96 billion
Rev. per Employee
$180,516
loading...
/zigman2/quotes/202960704/delayed
HK : Hong Kong
HK$ 2.28
+0.01 +0.44%
Volume: 6.55M
Feb. 20, 2020 10:20a
P/E Ratio
316.67
Dividend Yield
N/A
Market Cap
HK$38.64 billion
Rev. per Employee
HK$3.03M
loading...
/zigman2/quotes/208051344/composite
US : U.S.: NYSE
$ 7.32
+0.02 +0.27%
Volume: 35,502
Feb. 19, 2020 6:30p
P/E Ratio
322.47
Dividend Yield
N/A
Market Cap
$1.15 billion
Rev. per Employee
$387,394
loading...
/zigman2/quotes/208969648/delayed
HK : Hong Kong
HK$ 14.54
-0.10 -0.68%
Volume: 783,629
Feb. 20, 2020 10:20a
P/E Ratio
N/A
Dividend Yield
1.73%
Market Cap
HK$82.56 billion
Rev. per Employee
HK$1.27M
loading...
/zigman2/quotes/208456721/delayed
US : U.S.: OTC
$ 35.32
-0.83 -2.30%
Volume: 0.00
Jan. 30, 2020 5:20p
P/E Ratio
N/A
Dividend Yield
1.76%
Market Cap
$10.63 billion
Rev. per Employee
$162,402
loading...
/zigman2/quotes/209097490/delayed
HK : Hong Kong
HK$ 0.93
0.00 0.00%
Volume: 22.76M
Feb. 20, 2020 10:20a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
HK$18.66 billion
Rev. per Employee
HK$2.04M
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/zigman2/quotes/204275993/delayed
JP : Japan: Tokyo
¥ 4,420.00
+125.00 +2.91%
Volume: 313,700
Feb. 20, 2020 11:15a
P/E Ratio
26.06
Dividend Yield
1.72%
Market Cap
¥580.15 billion
Rev. per Employee
¥53.86M
loading...
/zigman2/quotes/206371241/delayed
US : U.S.: OTC
$ 364.00
+4.00 +1.11%
Volume: 271.00
Feb. 19, 2020 3:30p
P/E Ratio
21.28
Dividend Yield
N/A
Market Cap
$42.88 billion
Rev. per Employee
$1.95M
loading...
/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 12,630.00
-50.00 -0.39%
Volume: 465,500
Feb. 20, 2020 11:15a
P/E Ratio
16.77
Dividend Yield
1.43%
Market Cap
¥2503.13 billion
Rev. per Employee
¥28.38M
loading...
/zigman2/quotes/208783738/delayed
US : U.S.: OTC
$ 22.90
+0.35 +1.55%
Volume: 6,590
Feb. 19, 2020 3:45p
P/E Ratio
1.60
Dividend Yield
0.89%
Market Cap
$22.79 billion
Rev. per Employee
$257,261
loading...
/zigman2/quotes/204152844/delayed
JP : Japan: Tokyo
¥ 2,586.00
+57.00 +2.25%
Volume: 500,700
Feb. 20, 2020 11:15a
P/E Ratio
5.79
Dividend Yield
2.51%
Market Cap
¥298.74 billion
Rev. per Employee
¥125.14M
loading...
/zigman2/quotes/207984028/delayed
US : U.S.: OTC
$ 11.64
-1.36 -10.46%
Volume: 0.00
Feb. 13, 2020 3:19p
P/E Ratio
5.67
Dividend Yield
1.46%
Market Cap
$2.72 billion
Rev. per Employee
$1.13M
loading...
/zigman2/quotes/205375504/delayed
JP : Japan: Tokyo
¥ 2,983.00
+47.00 +1.60%
Volume: 348,000
Feb. 20, 2020 11:15a
P/E Ratio
12.12
Dividend Yield
2.88%
Market Cap
¥627.33 billion
Rev. per Employee
¥42.57M
loading...
/zigman2/quotes/202936726/delayed
US : U.S.: OTC
$ 28.40
+4.10 +16.87%
Volume: 0.00
Feb. 4, 2020 5:19p
P/E Ratio
12.60
Dividend Yield
N/A
Market Cap
$6.04 billion
Rev. per Employee
$385,710
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/zigman2/quotes/204002437/delayed
JP : Japan: Tokyo
¥ 2,317.50
+20.50 +0.89%
Volume: 1.57M
Feb. 20, 2020 11:15a
P/E Ratio
10.55
Dividend Yield
4.75%
Market Cap
¥2172.10 billion
Rev. per Employee
¥45.51M
loading...
/zigman2/quotes/205979659/delayed
US : U.S.: OTC
$ 20.76
-0.17 -0.81%
Volume: 95,854
Feb. 19, 2020 3:58p
P/E Ratio
10.32
Dividend Yield
4.29%
Market Cap
$19.78 billion
Rev. per Employee
$412,180
loading...
/zigman2/quotes/203669196/delayed
US : U.S.: OTC
$ 0.00
0.00 0.00%
Volume:
P/E Ratio
16.22
Dividend Yield
2.63%
Market Cap
$58.66 billion
Rev. per Employee
N/A
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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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