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Aug. 28, 2019, 11:08 p.m. EDT

Asian markets dip as worries weigh in investors

Nikkei, Hang Seng slip as Mnuchin gives mixed signals in interview

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By Marketwatch and Associated Press


Getty Images/iStockphoto
Hong Kong Harbour is seen at night. Stocks in Hong Kong fell Thursday.

Asian markets retreated in early trading Thursday, as geopolitical tensions and the inverted U.S. Treasury yield curve weighed on investors concerned about a global economic slowdown.

U.S. Treasury Secretary Steve Mnuchin that he expects Chinese officials to travel to Washington for renewed trade negotiations, but did not give a timeline, Bloomberg News reported. He did not say if a previously scheduled September meeting would take place. Mnuchin also told Bloomberg that the U.S. does not plan in intervening in the U.S. dollar market for the time being, though “situations could change in the future.”

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.0099%   fell 0.5% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.05%   slid 0.6%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.05%   retreated 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.43%   inched down 0.1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.22%   declined 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.02%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.09%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.59%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.58%   slipped 0.1%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 +0.69%   rose in Tokyo trading, while Honda /zigman2/quotes/200490352/delayed JP:7267 -0.85%   and Nissan /zigman2/quotes/208298710/delayed JP:7201 -1.31%   fell. In Hong Kong, Geely Automobile /zigman2/quotes/200716015/delayed HK:175 +1.04%   dropped, along with tech giant Tencent /zigman2/quotes/204605823/delayed HK:700 +0.87%   and casino operator Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -0.74%  . Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.33%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +3.64%   retreated in South Korea, and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -3.34%   rose in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,868.91
-2.87 -0.0099%
Volume: 0.00
Aug. 16, 2022 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
19,830.52
-210.34 -1.05%
Volume: 1.95M
Aug. 16, 2022 4:09p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,277.88
+1.80 +0.05%
Volume: 30.36B
Aug. 16, 2022 3:00p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,227.04
+9.60 +0.43%
Volume: 49.02B
Aug. 16, 2022 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,533.52
+5.58 +0.22%
Volume: 398,335
Aug. 16, 2022 3:32p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
15,420.57
+3.22 +0.02%
Volume: 0.00
Aug. 16, 2022 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,253.79
-3.03 -0.09%
Volume: 0.00
Aug. 16, 2022 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
7,135.27
+42.00 +0.59%
Volume: 0.00
Aug. 16, 2022 2:49p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,105.40
+41.10 +0.58%
Volume: 663,100
Aug. 16, 2022 5:06p
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 727.00
+5.00 +0.69%
Volume: 10.18M
Aug. 16, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.62%
Market Cap
¥1149.34 billion
Rev. per Employee
¥63.04M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,598.00
-31.00 -0.85%
Volume: 3.82M
Aug. 16, 2022 3:00p
P/E Ratio
9.74
Dividend Yield
3.34%
Market Cap
¥6130.70 billion
Rev. per Employee
¥72.53M
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 527.70
-7.00 -1.31%
Volume: 11.78M
Aug. 16, 2022 3:00p
P/E Ratio
13.95
Dividend Yield
0.95%
Market Cap
¥2105.49 billion
Rev. per Employee
¥63.78M
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
$ 17.44
+0.18 +1.04%
Volume: 45.29M
Aug. 16, 2022 4:08p
P/E Ratio
30.31
Dividend Yield
1.20%
Market Cap
$174.76 billion
Rev. per Employee
$2.78M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 303.00
+2.60 +0.87%
Volume: 23.53M
Aug. 16, 2022 4:08p
P/E Ratio
12.09
Dividend Yield
0.53%
Market Cap
$2891.49 billion
Rev. per Employee
$6.03M
loading...
/zigman2/quotes/202884203/delayed
HK : Hong Kong
$ 47.00
-0.35 -0.74%
Volume: 4.78M
Aug. 16, 2022 4:08p
P/E Ratio
154.61
Dividend Yield
0.00%
Market Cap
$207.79 billion
Rev. per Employee
$731,795
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
61,000.00
+800.00 +1.33%
Volume: 15.04M
Aug. 16, 2022 3:30p
P/E Ratio
9.57
Dividend Yield
2.37%
Market Cap
₩404721.98 billion
Rev. per Employee
₩2.69B
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
96,700.00
+3,400 +3.64%
Volume: 4.27M
Aug. 16, 2022 3:30p
P/E Ratio
5.80
Dividend Yield
0.00%
Market Cap
₩64155.01 billion
Rev. per Employee
₩1.66B
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.59
-0.06 -3.34%
Volume: 22.87M
Aug. 16, 2022 4:10p
P/E Ratio
7.25
Dividend Yield
1.26%
Market Cap
$4.21 billion
Rev. per Employee
N/A
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