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Dec. 9, 2013, 11:49 p.m. EST

Asia stocks mostly lower, with China data in focus

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By Daniel Inman

Asian markets traded mostly lower Tuesday ahead of Chinese data due out later in the session, with Japanese shares falling as the yen’s downward momentum slowed.

Most of Asia shrugged off a positive overnight lead from the U.S. Shares in Japan and South Korea slipped after strong gains the previous session.


Reuters

Trading was marked by caution after a string of speeches by three Federal Reserve presidents suggested that the U.S. central bank could start to scale back its $85-billion-a-month stimulus program as early as this month. A Fed policy meeting is due to take place next week.

The region was also waiting for a flurry of economic data to come out of Asia’s largest economy, with China scheduled to release November figures such as industrial output and retail sales. This will come just after the country posted its largest trade surplus for nearly five years.

Chinese stocks were mixed ahead of the data. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.32%  added 0.2%, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.46%  slipped 0.1%.

Japan’s Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.89%  fell 0.2%, as investors shrugged off a weakening yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0647% , after a sharp 2.3% jump Monday. The dollar gained 0.4% against its Japanese counterpart Monday and stabilized Tuesday to ¥103.27, within striking distance of the 2013 high of ¥103.74.

Shares of Japanese real-estate companies managed to move higher in Tokyo, with Mitsui Fudosan /zigman2/quotes/205394574/delayed JP:8801 -0.83%   /zigman2/quotes/208297288/delayed MTSFF +8.74%  up 1.5%, and Mitsubishi Estate Co. /zigman2/quotes/208910776/delayed JP:8802 -0.14%   /zigman2/quotes/208166463/delayed MITEF -0.08%  up 2.2%. Local exporters, however, were lower: Honda Motor Co. /zigman2/quotes/200490352/delayed JP:7267 -0.07%   /zigman2/quotes/207173990/composite HMC +0.11%  lost 0.7%, and Kyocera Corp. /zigman2/quotes/204880749/delayed JP:6971 +0.45%   /zigman2/quotes/205094593/delayed KYOCF +0.75%  fell 0.2%

Click to Play

Hedging Australia's China bets

HSBC Australia’s chief economist Paul Bloxham discusses the future of China-Australia economic relations, and what policy measures need to be made to ensure a stable economic future for Australia.

“Amid uncertainties surrounding a pullback of the Federal Reserve’s monetary easing, investors are hesitant to pursue exporters. Their domestic-demand-driven shares are generating interest,” said Shun Maruyama, chief equity strategist at BNP Paribas.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.07%  fell 0.4%, Singapore’s Straits Times Index /zigman2/quotes/210597985/delayed SG:STI +0.53%  lost 0.3%, and the Philippines PSE Composite /zigman2/quotes/210597949/delayed PH:PSEI +1.01%  dropped 1.2%.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.43%  rose 0.1%, paring earlier gains, as Sydney bounced back from a Monday selloff after a profit warning from QBE Insurance /zigman2/quotes/207050271/delayed AU:QBE -0.20%   /zigman2/quotes/201857553/delayed QBEIF +0.65%  that surprised the market and hit broader sentiment. The insurer fell another 11.3% Tuesday, but a number of banks helped support the market. National Australia Bank /zigman2/quotes/210431826/delayed AU:NAB +0.11%   /zigman2/quotes/205253475/delayed NAUBF +0.50%  rose 0.6% and Australia & New Zealand Banking Group /zigman2/quotes/205482049/delayed AU:ANZ +0.41%   /zigman2/quotes/204542251/delayed ANEWF +2.67%  added 0.5%.

Yumi Otagaki contributed to this article.

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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,975.40
-9.57 -0.32%
Volume: 31.51B
Feb. 19, 2020 3:01p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,655.81
+125.61 +0.46%
Volume: 1.47M
Feb. 19, 2020 4:08p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
23,400.70
+206.90 +0.89%
Volume: 0.00
Feb. 19, 2020 3:15p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
111.2900
-0.0720 -0.0647%
Volume: 0.0000
Feb. 19, 2020 6:13p
loading...
/zigman2/quotes/205394574/delayed
JP : Japan: Tokyo
¥ 2,920.00
-24.50 -0.83%
Volume: 1.89M
Feb. 19, 2020 3:00p
P/E Ratio
16.97
Dividend Yield
1.51%
Market Cap
¥2874.01 billion
Rev. per Employee
¥101.67M
loading...
/zigman2/quotes/208297288/delayed
US : U.S.: OTC
$ 26.75
+2.15 +8.74%
Volume: 21.00
Feb. 19, 2020 5:20p
P/E Ratio
16.98
Dividend Yield
N/A
Market Cap
$26.11 billion
Rev. per Employee
$923,573
loading...
/zigman2/quotes/208910776/delayed
JP : Japan: Tokyo
¥ 2,096.50
-3.00 -0.14%
Volume: 4.16M
Feb. 19, 2020 3:00p
P/E Ratio
23.20
Dividend Yield
1.48%
Market Cap
¥2842.65 billion
Rev. per Employee
¥144.30M
loading...
/zigman2/quotes/208166463/delayed
US : U.S.: OTC
$ 18.63
-0.01 -0.08%
Volume: 0.00
Dec. 19, 2019 5:19p
P/E Ratio
22.50
Dividend Yield
N/A
Market Cap
$25.98 billion
Rev. per Employee
$1.31M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,975.00
-2.00 -0.07%
Volume: 4.77M
Feb. 19, 2020 3:00p
P/E Ratio
11.08
Dividend Yield
3.76%
Market Cap
¥5200.56 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/207173990/composite
US : U.S.: NYSE
$ 27.08
+0.03 +0.11%
Volume: 304,102
Feb. 19, 2020 4:10p
P/E Ratio
10.94
Dividend Yield
3.21%
Market Cap
$47.25 billion
Rev. per Employee
$661,808
loading...
/zigman2/quotes/204880749/delayed
JP : Japan: Tokyo
¥ 7,406.00
+33.00 +0.45%
Volume: 1.29M
Feb. 19, 2020 3:00p
P/E Ratio
21.45
Dividend Yield
2.16%
Market Cap
¥2672.22 billion
Rev. per Employee
¥21.68M
loading...
/zigman2/quotes/205094593/delayed
US : U.S.: OTC
$ 67.00
+0.50 +0.75%
Volume: 0.00
Feb. 12, 2020 9:48a
P/E Ratio
21.15
Dividend Yield
N/A
Market Cap
$24.28 billion
Rev. per Employee
$196,396
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,210.34
+1.46 +0.07%
Volume: 591,155
Feb. 19, 2020 3:30p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,213.71
+17.08 +0.53%
Volume: 0.00
Feb. 19, 2020 5:20p
loading...
/zigman2/quotes/210597949/delayed
PH : Philippine Stock Exchange
7,396.94
+74.05 +1.01%
Volume: 0.00
Feb. 19, 2020 3:20p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,144.60
+30.90 +0.43%
Volume: 1,232
Feb. 20, 2020 8:58a
loading...
/zigman2/quotes/207050271/delayed
AU : Australia: Sydney
$ 15.02
-0.03 -0.20%
Volume: 6.02M
Feb. 19, 2020 4:10p
P/E Ratio
24.46
Dividend Yield
4.44%
Market Cap
$19.65 billion
Rev. per Employee
$1.33M
loading...
/zigman2/quotes/201857553/delayed
US : U.S.: OTC
$ 9.35
+0.06 +0.65%
Volume: 0.00
Feb. 6, 2020 3:56p
P/E Ratio
21.68
Dividend Yield
N/A
Market Cap
$13.15 billion
Rev. per Employee
$990,122
loading...
/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 27.31
+0.03 +0.11%
Volume: 6.99M
Feb. 19, 2020 4:10p
P/E Ratio
16.67
Dividend Yield
6.08%
Market Cap
$78.44 billion
Rev. per Employee
$1.00M
loading...
/zigman2/quotes/205253475/delayed
US : U.S.: OTC
$ 18.08
+0.09 +0.50%
Volume: 481.00
Feb. 19, 2020 10:48a
P/E Ratio
15.65
Dividend Yield
N/A
Market Cap
$52.74 billion
Rev. per Employee
$761,598
loading...
/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 26.76
+0.11 +0.41%
Volume: 6,000
Feb. 19, 2020 4:10p
P/E Ratio
13.31
Dividend Yield
8.16%
Market Cap
$75.58 billion
Rev. per Employee
$908,476
loading...
/zigman2/quotes/204542251/delayed
US : U.S.: OTC
$ 17.67
+0.46 +2.67%
Volume: 0.00
Feb. 14, 2020 5:20p
P/E Ratio
12.47
Dividend Yield
N/A
Market Cap
$50.81 billion
Rev. per Employee
$690,358
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