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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 +0.40%   fell 0.5% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.28%   slid 0.6%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.14%   retreated 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.34%   inched down 0.1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.29%   declined 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.15%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.06%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.41%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.53%   slipped 0.1%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 +2.50%   rose in Tokyo trading, while Honda /zigman2/quotes/200490352/delayed JP:7267 -0.63%   and Nissan /zigman2/quotes/208298710/delayed JP:7201 -1.97%   fell. In Hong Kong, Geely Automobile /zigman2/quotes/200716015/delayed HK:175 -0.87%   dropped, along with tech giant Tencent /zigman2/quotes/204605823/delayed HK:700 -0.51%   and casino operator Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -0.40%  . Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.29%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.60%   retreated in South Korea, and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -3.81%   rose in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
26,644.71
+107.40 +0.40%
Volume: 0.00
Nov. 27, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,894.68
+75.23 +0.28%
Volume: 2.74M
Nov. 27, 2020 4:09p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,408.31
+38.57 +1.14%
Volume: 28.06B
Nov. 27, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,253.12
+7.65 +0.34%
Volume: 30.97B
Nov. 27, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,633.45
+7.54 +0.29%
Volume: 1.20M
Nov. 27, 2020 3:30p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
13,867.09
+21.43 +0.15%
Volume: 0.00
Nov. 27, 2020 1:31p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,855.82
-1.66 -0.06%
Volume: 0.00
Nov. 27, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,783.34
+23.42 +0.41%
Volume: 0.00
Nov. 27, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,601.10
-35.30 -0.53%
Volume: 491,453
Nov. 27, 2020 5:11p
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,191.00
+29.00 +2.50%
Volume: 7.92M
Nov. 27, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.38%
Market Cap
¥1581.80 billion
Rev. per Employee
¥63.03M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,977.00
-19.00 -0.63%
Volume: 6.53M
Nov. 27, 2020 3:00p
P/E Ratio
20.96
Dividend Yield
2.28%
Market Cap
¥5173.03 billion
Rev. per Employee
¥68.28M
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 517.20
-10.40 -1.97%
Volume: 29.19M
Nov. 27, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥2064.53 billion
Rev. per Employee
¥71.69M
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 22.70
-0.20 -0.87%
Volume: 48.69M
Nov. 27, 2020 4:09p
P/E Ratio
29.22
Dividend Yield
1.10%
Market Cap
HK$224.78 billion
Rev. per Employee
HK$3.04M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 583.00
-3.00 -0.51%
Volume: 11.18M
Nov. 27, 2020 4:09p
P/E Ratio
41.54
Dividend Yield
0.21%
Market Cap
HK$5568.92 billion
Rev. per Employee
HK$6.80M
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/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 61.75
-0.25 -0.40%
Volume: 3.77M
Nov. 27, 2020 4:09p
P/E Ratio
76.77
Dividend Yield
0.00%
Market Cap
HK$269.22 billion
Rev. per Employee
HK$1.44M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
68,200.00
+200.00 +0.29%
Volume: 14.06M
Nov. 27, 2020 3:30p
P/E Ratio
18.62
Dividend Yield
2.08%
Market Cap
₩456881.95 billion
Rev. per Employee
₩2.19B
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
98,800.00
-600.00 -0.60%
Volume: 1.98M
Nov. 27, 2020 3:30p
P/E Ratio
23.55
Dividend Yield
1.01%
Market Cap
₩67989.78 billion
Rev. per Employee
₩955.63M
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.77
-0.07 -3.81%
Volume: 9.54M
Nov. 27, 2020 4:10p
P/E Ratio
8.05
Dividend Yield
1.13%
Market Cap
$4.19 billion
Rev. per Employee
N/A
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