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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 -0.18%   fell 0.5% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.74%   slid 0.6%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.22%   retreated 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.95%   inched down 0.1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.05%   declined 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.02%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.18%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.79%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.63%   slipped 0.1%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 -5.24%   rose in Tokyo trading, while Honda /zigman2/quotes/200490352/delayed JP:7267 -3.93%   and Nissan /zigman2/quotes/208298710/delayed JP:7201 -10.79%   fell. In Hong Kong, Geely Automobile /zigman2/quotes/200716015/delayed HK:175 -9.56%   dropped, along with tech giant Tencent /zigman2/quotes/204605823/delayed HK:700 +0.54%   and casino operator Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -0.19%  . Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.60%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -2.86%   retreated in South Korea, and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.25%   rose in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,877.89
-38.42 -0.18%
Volume: 0.00
May 29, 2020 3:00p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,961.47
-171.29 -0.74%
Volume: 3.62M
May 29, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,852.35
+6.13 +0.22%
Volume: 20.68B
May 29, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,786.51
+16.81 +0.95%
Volume: 29.49B
May 29, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,029.60
+1.06 +0.05%
Volume: 1.09M
May 29, 2020 3:33p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
10,942.16
-2.03 -0.02%
Volume: 0.00
May 29, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,510.75
-4.49 -0.18%
Volume: 0.00
May 29, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,753.61
+37.43 +0.79%
Volume: 0.00
May 29, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,755.70
-95.40 -1.63%
Volume: 2.45M
May 29, 2020 5:16p
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 976.00
-54.00 -5.24%
Volume: 19.10M
May 29, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.46%
Market Cap
¥1323.70 billion
Rev. per Employee
¥74.20M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,784.00
-114.00 -3.93%
Volume: 8.29M
May 29, 2020 3:00p
P/E Ratio
10.75
Dividend Yield
4.02%
Market Cap
¥4806.89 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 400.90
-48.50 -10.79%
Volume: 62.72M
May 29, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
2.49%
Market Cap
¥1568.29 billion
Rev. per Employee
¥85.36M
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/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 10.60
-1.12 -9.56%
Volume: 360.07M
May 29, 2020 4:08p
P/E Ratio
10.48
Dividend Yield
2.36%
Market Cap
HK$97.65 billion
Rev. per Employee
HK$3.04M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 410.40
+2.20 +0.54%
Volume: 29.28M
May 29, 2020 4:08p
P/E Ratio
36.95
Dividend Yield
0.29%
Market Cap
HK$3886.67 billion
Rev. per Employee
HK$8.27M
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/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 52.30
-0.10 -0.19%
Volume: 8.72M
May 29, 2020 4:08p
P/E Ratio
17.43
Dividend Yield
1.74%
Market Cap
HK$226.72 billion
Rev. per Employee
HK$1.44M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
50,700.00
+300.00 +0.60%
Volume: 27.60M
May 29, 2020 3:30p
P/E Ratio
16.18
Dividend Yield
2.79%
Market Cap
₩344388.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
81,500.00
-2,400 -2.86%
Volume: 6.82M
May 29, 2020 3:30p
P/E Ratio
35.77
Dividend Yield
1.23%
Market Cap
₩55746.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.62
+0.02 +1.25%
Volume: 20.67M
May 29, 2020 4:10p
P/E Ratio
6.44
Dividend Yield
1.24%
Market Cap
$3.68 billion
Rev. per Employee
N/A
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