Nikkei notches 7-month high as Asia markets continue to rise

By Dow Jones Newswire

Getty Images/iStockphoto

Hikers walk a trail to the top of Japan’s Mount Fuji.

Asian markets largely rallied Friday as investors took a more upbeat view of the global trade situation after the White House extended an invitation to China for fresh trade talks.

An editorial in a state-run newspaper Friday warned, however, that China would not cave to pressure.

“The Trump administration should not be mistaken that China will surrender to the U.S. demands. It has enough fuel to drive its economy even if a trade war is prolonged,” the newspaper said in an editorial, according to Reuters .

Need to know: Stocks are pricey, but could keep climbing on ‘the Trump story,’ says Robert Shiller

Chinese stocks stood out with a small loss after a solid rebound yesterday. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.90%   slipped 0.2%, while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.45%   dropped 1.8%.

In Japan, the Nikkei closed at its highest level in seven months, driven by gains in electronics stocks, as hopes grow for U.S.-China trade talks and with the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.2790%   hitting a six-week low of ¥112.08. The Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.07%   closed up 1.2% to 23,094.670, with Fujifilm /zigman2/quotes/209829801/delayed JP:4901 -0.67%   jumping 4.6% and Murata Manufacturing /zigman2/quotes/204266745/delayed JP:6981 +0.04%   gaining 5.3%. Some energy stocks fell down after oil’s strong overnight pullback. The Nikkei gained 3.5% for the week, it’s best weekly gain since the week ending July 13.

Hong Kong Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.05%   jumped 1% after the benchmark ‘s best day in two years Thursday. Tencent /zigman2/quotes/204605823/delayed HK:700 +0.73%   rose a further 2% after yesterday’s 5% jump, its best since 2016. Among financials, big insurer AIA /zigman2/quotes/203565558/delayed HK:1299 -1.81%   climbing 1.8%, and big banks like HSBC /zigman2/quotes/202687335/delayed HK:5 -1.55%   were up as well. Macau stocks extended their rebound while CNOOC /zigman2/quotes/203421416/delayed HK:883 +2.11%   pulled back 0.7%.

Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.02%   surged 1.4%, as Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.31% climbed ove 4%. Taiwan’s Taiex   finished up 1.3% as Apple /zigman2/quotes/202934861/composite AAPL +0.90%   iPhone suppliers Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +1.53%  and Largan Precision /zigman2/quotes/210444196/delayed TW:3008 +4.24%   rose a respective 2.4% and 7.2%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.33%   ended its session up 0.6%, while New Zealand’s NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR +1.03%   gained 0.2%. Benchmarks in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.36%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.34%   logged gains of around 1% each.

/zigman2/quotes/210598127/delayed

Add to watchlist CN:SHCOMP

Shanghai Composite Index

CN : China: Shanghai

3,284.92

+29.25 +0.90%

Volume: 33.95B

Feb. 1, 2023 3:00p

/zigman2/quotes/210598015/delayed

Add to watchlist CN:399106

Shenzhen Composite Index

CN : Shenhzen Stock Exchange

2,173.59

+31.03 +1.45%

Volume: 49.87B

Feb. 1, 2023 3:00p

/zigman2/quotes/210561789/realtime/sampled

Add to watchlist USDJPY

Japanese Yen

US : Tullett Prebon

129.7480

-0.3630 -0.2790%

Volume: 0.0000

Feb. 1, 2023 7:29a

/zigman2/quotes/210597971/delayed

Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

27,346.88

+19.77 +0.07%

Volume: 0.00

Feb. 1, 2023 3:15p

/zigman2/quotes/209829801/delayed

Add to watchlist JP:4901

FUJIFILM Holdings Corp.

JP : Japan: Tokyo

¥ 6,790.00

-46.00 -0.67%

Volume: 978,500

Feb. 1, 2023 3:00p

P/E Ratio

12.97

Dividend Yield

1.77%

Market Cap

¥2761.35 billion

Rev. per Employee

¥35.38M

/zigman2/quotes/204266745/delayed

Add to watchlist JP:6981

Murata Manufacturing Co. Ltd.

JP : Japan: Tokyo

¥ 7,397.00

+3.00 +0.04%

Volume: 1.50M

Feb. 1, 2023 3:00p

P/E Ratio

15.36

Dividend Yield

2.03%

Market Cap

¥4778.91 billion

Rev. per Employee

¥23.52M

/zigman2/quotes/210598030/delayed

Add to watchlist HK:HSI

Hang Seng Index

HK : Hong Kong Exchange

22,072.18

+229.85 +1.05%

Volume: 2.55M

Feb. 1, 2023 4:08p

/zigman2/quotes/204605823/delayed

Add to watchlist HK:0700

Tencent Holdings Ltd.

HK : Hong Kong

$ 385.00

+2.80 +0.73%

Volume: 31.42M

Feb. 1, 2023 4:08p

P/E Ratio

17.62

Dividend Yield

0.42%

Market Cap

$3672.62 billion

Rev. per Employee

$5.87M

/zigman2/quotes/203565558/delayed

Add to watchlist HK:1299

AIA Group Ltd.

HK : Hong Kong

$ 86.95

-1.60 -1.81%

Volume: 25.50M

Feb. 1, 2023 4:08p

P/E Ratio

37.44

Dividend Yield

1.71%

Market Cap

$1045.68 billion

Rev. per Employee

N/A

/zigman2/quotes/202687335/delayed

Add to watchlist HK:0005

HSBC Holdings PLC (HK Reg)

HK : Hong Kong

$ 57.05

-0.90 -1.55%

Volume: 23.43M

Feb. 1, 2023 4:08p

P/E Ratio

12.21

Dividend Yield

3.71%

Market Cap

$1165.88 billion

Rev. per Employee

$2.45M

/zigman2/quotes/203421416/delayed

Add to watchlist HK:0883

CNOOC Ltd.

HK : Hong Kong

$ 11.60

+0.24 +2.11%

Volume: 100.83M

Feb. 1, 2023 4:08p

P/E Ratio

4.05

Dividend Yield

6.03%

Market Cap

$519.88 billion

Rev. per Employee

$20.34M

/zigman2/quotes/210598069/delayed

Add to watchlist KR:SEU

KOSPI Composite Index

KR : Korea Exchange

2,449.80

+24.72 +1.02%

Volume: 666,296

Feb. 1, 2023 6:05p

/zigman2/quotes/209800866/delayed

Add to watchlist KR:005930

Samsung Electronics Co. Ltd.

KR : S. Korea: KRX

₩ 61,800.00

+800.00 +1.31%

Volume: 18.57M

Feb. 1, 2023 3:30p

P/E Ratio

10.03

Dividend Yield

2.34%

Market Cap

₩425038.66 billion

Rev. per Employee

₩2.66B

/zigman2/quotes/202934861/composite

Add to watchlist AAPL

Apple Inc.

US : U.S.: Nasdaq

$ 144.29

+1.29 +0.90%

Volume: 65.87M

Jan. 31, 2023 4:00p

P/E Ratio

23.65

Dividend Yield

0.64%

Market Cap

$2264.58 billion

Rev. per Employee

$2.40M

/zigman2/quotes/207385621/delayed

Add to watchlist TW:2330

Taiwan Semiconductor Manufacturing Co. Ltd.

TW : Taiwan

NT$ 530.00

+8.00 +1.53%

Volume: 34.34M

Feb. 1, 2023 1:30p

P/E Ratio

13.52

Dividend Yield

2.08%

Market Cap

NT$14080.20 billion

Rev. per Employee

NT$34.75M

/zigman2/quotes/210444196/delayed

Add to watchlist TW:3008

LARGAN Precision Co. Ltd.

TW : Taiwan

NT$ 2,215.00

+90.00 +4.24%

Volume: 876,570

Feb. 1, 2023 1:30p

P/E Ratio

12.63

Dividend Yield

3.54%

Market Cap

NT$288.96 billion

Rev. per Employee

N/A

/zigman2/quotes/210598100/delayed

Add to watchlist AU:XJO

S&P/ASX 200 Benchmark Index

AU : S&P ASX

7,501.70

+25.00 +0.33%

Volume: 692,786

Feb. 1, 2023 5:15p

/zigman2/quotes/211587880/delayed

Add to watchlist NZ:NZ50GR

S&P/NZX 50 Gross Index

NZ : New Zealand: NZX

12,090.93

+123.21 +1.03%

Volume: 0.00

Feb. 1, 2023 5:00p

/zigman2/quotes/210597985/delayed

Add to watchlist SG:STI

FTSE Straits Times Index

SG : Singapore: SGX

3,377.65

+11.98 +0.36%

Volume: 0.00

Feb. 1, 2023 5:20p

/zigman2/quotes/210597981/delayed

Add to watchlist ID:JAKIDX

JSX Composite Index

ID : Indonesia Stock Exchange

6,862.26

+22.92 +0.34%

Volume: 0.00

Feb. 1, 2023 3:00p