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May 30, 2019, 8:32 a.m. EDT

Asian markets in a tug of war as investors eye trade spat

Nikkei, Hang Seng down again after losses on Wall Street

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By Associated Press and MarketWatch


AFP/Getty Images
Iron ore is moved at a Rio Tinto facility in Western Australia. Mining giants Rio Tinto and BHP declined in Australian trading Thursday.

Asian shares finished mixed Thursday, but losing indexes pared losses as investors weighed up the latest bout of selling on Wall Street and worries about a trade war.

Japan’s benchmark Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.15%   closed down nearly 0.3%. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.25%   fell 0.7% while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.17%   rose nearly 0.8%. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -0.48%   finished 0.4% lower, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -1.32%   lost 0.3%. Stocks rose in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.06% ,  but fell in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.38%  .

Among individual stocks, SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 -1.88%   and Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 -1.18%   fell in Tokyo trading, as did Nintendo /zigman2/quotes/208063194/delayed JP:7974 -0.44%  . In Hong Kong, Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +1.28%   and AAC /zigman2/quotes/201441510/delayed HK:2018 -0.65%   dropped, along with CSPC Pharmaceutical /zigman2/quotes/200847219/delayed HK:1093 +2.96%  . Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.10%   and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +0.58%   advanced in South Korea. Mining giants BHP /zigman2/quotes/201448516/delayed AU:BHP +0.43%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.14%   declined in Australia, as did Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -1.28%  .

The latest market slide comes as investors worry that the trade war between the U.S. and China will derail global economic and corporate profit growth as it drags on with no sign of a resolution.

“The cracks in global equity markets threatened to grow wider still as relentless haven-buying of sovereign bonds overnight pushed key yields even lower and sent recession fears through stocks,” said Jeffrey Halley, senior market analyst at Oanda.

“Asia is unlikely to feel much relief today either with both the Nikkei 225 and the ASX 200 down.”

On Wall Street, overnight, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.39%   fell 19.37 points, or 0.7%, to 2,783.02. The index had been down 1.3% earlier. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.95%   lost 221.36 points, or 0.9%, to 25,126.41. It had tumbled 409 points. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -0.83%   slid 60.04 points, or 0.8%, to 7,547.31.

With two more trading days left in May, the S&P 500 is heading for a loss of 5.5%. That would be its first monthly loss since December. The market has been heading steadily lower this month as prospects for the economy have dimmed and as traders got more worried about the lingering trade feud between Washington and Beijing.

In early May the U.S. and China concluded their 11th round of trade talks with no agreement. The U.S. then more than doubled duties on $200 billion in Chinese imports, and China responded by raising its own tariffs.

Benchmark U.S. crude   added 9 cents to $58.86 It fell 0.6% to settle at $58.81 a barrel Wednesday. Brent crude  , the international standard, slipped 63 cents to $68.82 per barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0286%   rose to 109.68 Japanese yen from 109.31 yen on Wednesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,526.54
+33.86 +0.15%
Volume: 0.00
Oct. 21, 2019 9:22a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,633.10
-16.60 -0.25%
Volume: 107,503
Oct. 21, 2019 11:22a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,064.20
+3.51 +0.17%
Volume: 79,978
Oct. 21, 2019 9:22a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,719.58
-128.91 -0.48%
Volume: 1.54M
Oct. 18, 2019 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,938.14
-39.19 -1.32%
Volume: 15.00B
Oct. 18, 2019 3:01p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,180.22
-6.66 -0.06%
Volume: 0.00
Oct. 18, 2019 1:31p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,114.16
-11.98 -0.38%
Volume: 0.00
Oct. 18, 2019 5:20p
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,218.00
-81.00 -1.88%
Volume: 3.53M
Oct. 21, 2019 9:22a
P/E Ratio
4.13
Dividend Yield
1.04%
Market Cap
¥8901.82 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 68,680.00
-820.00 -1.18%
Volume: 125,200
Oct. 21, 2019 9:22a
P/E Ratio
43.18
Dividend Yield
0.73%
Market Cap
¥7093.31 billion
Rev. per Employee
¥40.83M
loading...
/zigman2/quotes/208063194/delayed
JP : Japan: Tokyo
¥ 38,440.00
-170.00 -0.44%
Volume: 247,300
Oct. 21, 2019 9:22a
P/E Ratio
25.63
Dividend Yield
1.98%
Market Cap
¥4599.40 billion
Rev. per Employee
¥217.41M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 118.80
+1.50 +1.28%
Volume: 5.27M
Oct. 18, 2019 4:08p
P/E Ratio
41.32
Dividend Yield
0.56%
Market Cap
HK$130.31 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 45.75
-0.30 -0.65%
Volume: 6.01M
Oct. 18, 2019 4:08p
P/E Ratio
17.45
Dividend Yield
3.13%
Market Cap
HK$55.29 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/200847219/delayed
HK : Hong Kong
HK$ 17.40
+0.50 +2.96%
Volume: 33.96M
Oct. 18, 2019 4:08p
P/E Ratio
27.32
Dividend Yield
1.03%
Market Cap
HK$108.34 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
49,950.00
+50.00 +0.10%
Volume: 742,439
Oct. 21, 2019 9:22a
P/E Ratio
10.78
Dividend Yield
2.83%
Market Cap
₩338954.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
69,200.00
+400.00 +0.58%
Volume: 23,141
Oct. 21, 2019 9:22a
P/E Ratio
13.80
Dividend Yield
1.08%
Market Cap
₩12388.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 34.94
+0.15 +0.43%
Volume: 576,209
Oct. 21, 2019 11:22a
P/E Ratio
14.71
Dividend Yield
5.49%
Market Cap
$175.92 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 87.99
+0.12 +0.14%
Volume: 128,405
Oct. 21, 2019 11:22a
P/E Ratio
8.02
Dividend Yield
10.20%
Market Cap
$143.18 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.32
-0.03 -1.28%
Volume: 1.75M
Oct. 21, 2019 11:22a
P/E Ratio
9.18
Dividend Yield
0.86%
Market Cap
$5.36 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,770.20
-255.68 -0.95%
Volume: 293.61M
Oct. 18, 2019 5:08p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,089.54
-67.31 -0.83%
Volume: 1.82M
Oct. 18, 2019 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullet Prebon
108.4380
+0.0310 +0.0286%
Volume: 0.0000
Oct. 20, 2019 8:42p
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