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 -0.34%   slipped 0.2%, while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.28%   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 -0.1262%   hitting a six-week low of ¥112.08. The Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.45%   closed up 1.2% to 23,094.670, with Fujifilm /zigman2/quotes/209829801/delayed JP:4901 -0.56%   jumping 4.6% and Murata Manufacturing /zigman2/quotes/204266745/delayed JP:6981 +1.50%   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 +0.26%   jumped 1% after the benchmark ‘s best day in two years Thursday. Tencent /zigman2/quotes/204605823/delayed HK:700 -1.24%   rose a further 2% after yesterday’s 5% jump, its best since 2016. Among financials, big insurer AIA /zigman2/quotes/203565558/delayed HK:1299 +1.09%   climbing 1.8%, and big banks like HSBC /zigman2/quotes/202687335/delayed HK:5 +0.31%   were up as well. Macau stocks extended their rebound while CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.19%   pulled back 0.7%.

Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.29%   surged 1.4%, as Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.30% climbed ove 4%. Taiwan’s Taiex   finished up 1.3% as Apple /zigman2/quotes/202934861/composite AAPL -1.07%   iPhone suppliers Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +1.76%  and Largan Precision /zigman2/quotes/210444196/delayed TW:3008 -1.55%   rose a respective 2.4% and 7.2%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.25%   ended its session up 0.6%, while New Zealand’s NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.06%   gained 0.2%. Benchmarks in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.82%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.03%   logged gains of around 1% each.

/zigman2/quotes/210598127/delayed

Add to watchlist CN:SHCOMP

Shanghai Composite Index

CN : China: Shanghai

3,073.75

-10.54 -0.34%

Volume: 33.81B

May 16, 2022 3:00p

/zigman2/quotes/210598015/delayed

Add to watchlist CN:399106

Shenzhen Composite Index

CN : Shenhzen Stock Exchange

1,926.01

-5.44 -0.28%

Volume: 40.84B

May 16, 2022 3:00p

/zigman2/quotes/210561789/realtime/sampled

Add to watchlist USDJPY

Japanese Yen

US : Tullett Prebon

128.9760

-0.1630 -0.1262%

Volume: 0.0000

May 16, 2022 6:28p

/zigman2/quotes/210597971/delayed

Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

26,547.05

+119.40 +0.45%

Volume: 0.00

May 16, 2022 3:15p

/zigman2/quotes/209829801/delayed

Add to watchlist JP:4901

FUJIFILM Holdings Corp.

JP : Japan: Tokyo

¥ 7,078.00

-40.00 -0.56%

Volume: 895,700

May 16, 2022 3:00p

P/E Ratio

13.41

Dividend Yield

1.70%

Market Cap

¥2852.72 billion

Rev. per Employee

¥33.84M

/zigman2/quotes/204266745/delayed

Add to watchlist JP:6981

Murata Manufacturing Co. Ltd.

JP : Japan: Tokyo

¥ 8,233.00

+122.00 +1.50%

Volume: 3.50M

May 16, 2022 3:00p

P/E Ratio

16.77

Dividend Yield

1.82%

Market Cap

¥5189.68 billion

Rev. per Employee

¥24.11M

/zigman2/quotes/210598030/delayed

Add to watchlist HK:HSI

Hang Seng Index

HK : Hong Kong Exchange

19,950.21

+51.44 +0.26%

Volume: 1.80M

May 16, 2022 4:08p

/zigman2/quotes/204605823/delayed

Add to watchlist HK:0700

Tencent Holdings Ltd.

HK : Hong Kong

$ 350.00

-4.40 -1.24%

Volume: 15.56M

May 16, 2022 4:08p

P/E Ratio

12.51

Dividend Yield

0.46%

Market Cap

$3366.44 billion

Rev. per Employee

$5.99M

/zigman2/quotes/203565558/delayed

Add to watchlist HK:1299

AIA Group Ltd.

HK : Hong Kong

$ 74.05

+0.80 +1.09%

Volume: 16.07M

May 16, 2022 4:08p

P/E Ratio

15.50

Dividend Yield

1.97%

Market Cap

$880.05 billion

Rev. per Employee

N/A

/zigman2/quotes/202687335/delayed

Add to watchlist HK:0005

HSBC Holdings PLC (HK Reg)

HK : Hong Kong

$ 47.90

+0.15 +0.31%

Volume: 10.97M

May 16, 2022 4:08p

P/E Ratio

10.92

Dividend Yield

4.10%

Market Cap

$967.45 billion

Rev. per Employee

$2.13M

/zigman2/quotes/203421416/delayed

Add to watchlist HK:0883

CNOOC Ltd.

HK : Hong Kong

$ 10.68

+0.02 +0.19%

Volume: 154.92M

May 16, 2022 4:08p

P/E Ratio

5.63

Dividend Yield

2.81%

Market Cap

$487.74 billion

Rev. per Employee

$15.38M

/zigman2/quotes/210598069/delayed

Add to watchlist KR:SEU

KOSPI Composite Index

KR : Korea Exchange

2,596.58

-7.66 -0.29%

Volume: 780,198

May 16, 2022 3:30p

/zigman2/quotes/209800866/delayed

Add to watchlist KR:005930

Samsung Electronics Co. Ltd.

KR : S. Korea: KRX

₩ 66,300.00

-200.00 -0.30%

Volume: 11.94M

May 16, 2022 3:30p

P/E Ratio

11.48

Dividend Yield

2.18%

Market Cap

₩444882.56 billion

Rev. per Employee

₩2.46B

/zigman2/quotes/202934861/composite

Add to watchlist AAPL

Apple Inc.

US : U.S.: Nasdaq

$ 145.54

-1.57 -1.07%

Volume: 86.54M

May 16, 2022 4:00p

P/E Ratio

23.66

Dividend Yield

0.63%

Market Cap

$2381.00 billion

Rev. per Employee

$2.51M

/zigman2/quotes/207385621/delayed

Add to watchlist TW:2330

Taiwan Semiconductor Manufacturing Co. Ltd.

TW : Taiwan

NT$ 520.00

+9.00 +1.76%

Volume: 21.79M

May 16, 2022 1:30p

P/E Ratio

20.44

Dividend Yield

2.12%

Market Cap

NT$13251.13 billion

Rev. per Employee

N/A

/zigman2/quotes/210444196/delayed

Add to watchlist TW:3008

LARGAN Precision Co. Ltd.

TW : Taiwan

NT$ 1,590.00

-25.00 -1.55%

Volume: 320,639

May 16, 2022 1:30p

P/E Ratio

11.41

Dividend Yield

4.41%

Market Cap

NT$216.64 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

7,093.00

+17.90 +0.25%

Volume: 26.00

May 17, 2022 7:06a

/zigman2/quotes/211587880/delayed

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S&P/NZX 50 Gross Index

NZ : New Zealand: NZX

11,164.36

+6.70 +0.06%

Volume: 0.00

May 17, 2022 10:08a

/zigman2/quotes/210597985/delayed

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FTSE Straits Times Index

SG : Singapore: SGX

3,191.16

+25.98 +0.82%

Volume: 0.00

May 13, 2022 5:20p

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JSX Composite Index

ID : Indonesia Stock Exchange

6,597.99

-1.85 -0.03%

Volume: 0.00

May 13, 2022 3:00p