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July 10, 2018, 6:24 a.m. EDT

Asian markets add to gains, led by Nikkei

Yahoo Japan skyrockets after Altaba stock sale

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By Dow Jones Newswire


Reuters
Yahoo Japan shares jumped almost 12% Tuesday.

The gains kept coming Tuesday for Asia-Pacific stocks — at least those not Down Under.

Solid increases were being logged in a number of markets after similar advances Monday. Japan, Hong Kong and Korea again took the lead, and China’s Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.57%  — Monday’s biggest gainer — was up a tamer 0.4% Tuesday.

Stocks Down Under lagged though, with benchmarks in Australia /zigman2/quotes/210598100/delayed AU:XJO -2.45%   and New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR -1.94%   lower.

Banks, along with factory-automation and nonferrous-metal stocks, led Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.88%   nearly 0.7% higher. Higher Treasury yields and the prospects of strong near-term U.S. GDP growth helped sectors sensitive to economic cycles. Mitsubishi UFJ Financial /zigman2/quotes/207520099/delayed JP:8306 -2.78%   rose 1.2%, off earlier stronger levels, while robot maker Yaskawa Electric /zigman2/quotes/208656789/delayed JP:6506 -2.27%   was up 6% and Sumitomo Metal Mining /zigman2/quotes/205273301/delayed JP:5713 -1.35%   gained 2.6%. Yahoo Japan /zigman2/quotes/207641152/delayed JP:4689 -0.30%   was also a standout, jumping nearly 12% on word of a ¥220 billion ($2 billion) stock buyback as Altaba agreed to sell part of its stake to fellow big shareholder SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.14%  .

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.56%   was up about 0.4%, while Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -2.19%  spent most of its session marginally higher only to end little changed. Tech shares were mixed, with Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.22%   jumping 1.5% and Tencent /zigman2/quotes/204605823/delayed HK:700 -1.53%   dropping 2.3%.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,734.52
-15.77 -0.57%
Volume: 21.73B
April 1, 2020 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,129.60
-129.00 -2.45%
Volume: 208,132
April 2, 2020 11:08a
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/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
9,733.98
-192.10 -1.94%
Volume: 0.00
April 2, 2020 1:13p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
17,906.88
-158.53 -0.88%
Volume: 0.00
April 2, 2020 9:08a
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/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 388.70
-11.10 -2.78%
Volume: 11.13M
April 2, 2020 9:08a
P/E Ratio
8.61
Dividend Yield
6.43%
Market Cap
¥5140.20 billion
Rev. per Employee
¥50.52M
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/zigman2/quotes/208656789/delayed
JP : Japan: Tokyo
¥ 2,753.00
-64.00 -2.27%
Volume: 284,500
April 2, 2020 9:08a
P/E Ratio
50.39
Dividend Yield
1.89%
Market Cap
¥777.78 billion
Rev. per Employee
¥37.75M
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/zigman2/quotes/205273301/delayed
JP : Japan: Tokyo
¥ 2,160.00
-29.50 -1.35%
Volume: 137,700
April 2, 2020 9:08a
P/E Ratio
11.55
Dividend Yield
3.15%
Market Cap
¥609.47 billion
Rev. per Employee
¥134.46M
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/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 329.00
-1.00 -0.30%
Volume: 2.45M
April 2, 2020 9:08a
P/E Ratio
19.26
Dividend Yield
2.69%
Market Cap
¥1657.33 billion
Rev. per Employee
¥77.26M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 3,633.00
-42.00 -1.14%
Volume: 3.67M
April 2, 2020 9:08a
P/E Ratio
24.37
Dividend Yield
1.21%
Market Cap
¥7846.29 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
1,676.02
-9.44 -0.56%
Volume: 85,803
April 2, 2020 9:08a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,085.79
-517.69 -2.19%
Volume: 2.88M
April 1, 2020 4:08p
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
45,700.00
-100.00 -0.22%
Volume: 2.44M
April 2, 2020 9:08a
P/E Ratio
14.43
Dividend Yield
3.10%
Market Cap
₩324350.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 374.40
-5.80 -1.53%
Volume: 23.62M
April 1, 2020 4:08p
P/E Ratio
33.81
Dividend Yield
0.32%
Market Cap
HK$3603.02 billion
Rev. per Employee
HK$8.27M
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