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Feb. 15, 2019, 3:36 a.m. EST

Asian markets fall as global uncertainty grows

U.S. retail sales tumble, while little headway apparent in U.S.-China trade talks

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By Associated Press and Marketwatch


Bloomberg News
Visitors walk near the Eiffel Tower attraction at the Parisian Macao casino resort, operated by Sands China Ltd., in Macau, China. Sands China shares fell Friday.

Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing.

Japan’s benchmark Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -0.39%   retreated 1.1% and the Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.68%   in South Korea tumbled 1.3%. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -2.19%   gave up 1.9% while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.57%  closed down 1.4%.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -2.13%   bucked the regional trend, picking up 0.1% to 6,062.30. Shares fell Taiwan   and throughout Southeast Asia.

Among individual stocks, Dai-ichi Life Holdings /zigman2/quotes/208507587/delayed JP:8750 -2.47%   slumped in Tokyo trading, as did SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 -0.82%  and Honda /zigman2/quotes/200490352/delayed JP:7267 -2.26%  . Casino operators Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -2.06%   and Sands China /zigman2/quotes/207609245/delayed HK:1928 -2.82%   fell in Hong Kong, along with tech companies such as AAC /zigman2/quotes/201441510/delayed HK:2018 -1.49%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.10%  . Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.11%   and chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +0.51%   dropped in Korea, and Foxconn /zigman2/quotes/204111604/delayed TW:2354 -1.01%   slipped in Taiwan. Energy stocks rose in Australia, led by Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.15%   and Woodside Petroleum /zigman2/quotes/203437212/delayed AU:WPL +1.43%  .

Disappointing data led U.S indexes to a mixed finish on Thursday. According to the Commerce Department, December retail sales fell 1.2% from the previous month, its biggest drop since September 2009.

The National Retail Federation also announced poor holiday sales growth in November-December that it attributed to trade tensions with China and the U.S. government shutdown.

Read: China’s inflation slows even more in January

“The market is in a defensive stance. Traders are wondering if the latest retail sales figures are a harbinger of more bad news to come,” said Song Seng Wun, an economist at CIMB Private Banking.

American and Chinese officials will wrap up two days of negotiations in Beijing later Friday. It is unclear if they will make headway on prickly issues such as Washington’s unhappiness over Chinese technology and trade policies.

The U.S. is set to more than double import taxes on $200 billion in Chinese goods by March 2. But President Donald Trump has hinted that he may hold off on these if both sides made enough progress at the trade talks.

Also see: China hopes vow to buy more U.S. goods, including semiconductors, can help end trade war

The broad S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.41%   dropped 0.3% to 2,745.73. The tech-heavy Nasdaq composite /zigman2/quotes/210598365/realtime COMP -4.41%   added 0.1% to 7,426.95 while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -4.44%   lost 0.4% to 25,439.39.

U.S. crude   added 6 cents to $54.47 per barrel in electronic trading on the New York Mercantile Exchange. It gained 51 cents to settle at $54.41 per barrel in New York on Thursday. Brent crude  , used to price international oils, rose 32 cents to $64.90 per barrel. It rose 96 cents to close at $64.57 per barrel in London.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0998%   eased to 110.30 yen from 110.45 yen late Thursday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
17,994.06
-71.35 -0.39%
Volume: 0.00
April 2, 2020 9:02a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
1,696.93
+11.47 +0.68%
Volume: 34,415
April 2, 2020 9:02a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,085.79
-517.69 -2.19%
Volume: 2.88M
April 1, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,734.52
-15.77 -0.57%
Volume: 21.73B
April 1, 2020 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,146.40
-112.20 -2.13%
Volume: 189,373
April 2, 2020 11:02a
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/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 1,245.50
-31.50 -2.47%
Volume: 286,400
April 2, 2020 9:02a
P/E Ratio
7.07
Dividend Yield
4.98%
Market Cap
¥1466.78 billion
Rev. per Employee
¥103.65M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 3,645.00
-30.00 -0.82%
Volume: 1.76M
April 2, 2020 9:02a
P/E Ratio
24.46
Dividend Yield
1.21%
Market Cap
¥7846.29 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,244.50
-52.00 -2.26%
Volume: 541,700
April 2, 2020 9:02a
P/E Ratio
8.36
Dividend Yield
4.99%
Market Cap
¥4245.00 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 40.50
-0.85 -2.06%
Volume: 18.87M
April 1, 2020 4:08p
P/E Ratio
13.50
Dividend Yield
2.25%
Market Cap
HK$179.24 billion
Rev. per Employee
HK$1.44M
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/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 27.60
-0.80 -2.82%
Volume: 21.68M
April 1, 2020 4:08p
P/E Ratio
14.02
Dividend Yield
7.21%
Market Cap
HK$229.72 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 39.60
-0.60 -1.49%
Volume: 7.71M
April 1, 2020 4:08p
P/E Ratio
19.12
Dividend Yield
1.01%
Market Cap
HK$48.58 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 104.30
-0.10 -0.10%
Volume: 10.70M
April 1, 2020 4:08p
P/E Ratio
25.38
Dividend Yield
0.78%
Market Cap
HK$114.51 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
45,750.00
-50.00 -0.11%
Volume: 1.31M
April 2, 2020 9:02a
P/E Ratio
14.45
Dividend Yield
3.10%
Market Cap
₩324350.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
78,800.00
+400.00 +0.51%
Volume: 228,838
April 2, 2020 9:02a
P/E Ratio
26.77
Dividend Yield
1.27%
Market Cap
₩56977.30 billion
Rev. per Employee
N/A
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/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 49.00
-0.50 -1.01%
Volume: 2.43M
April 1, 2020 1:30p
P/E Ratio
9.75
Dividend Yield
6.53%
Market Cap
NT$70.02 billion
Rev. per Employee
NT$888.52M
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.32
+0.02 +1.15%
Volume: 3.66M
April 2, 2020 11:02a
P/E Ratio
5.27
Dividend Yield
1.52%
Market Cap
$2.62 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 19.92
+0.28 +1.43%
Volume: 1.29M
April 2, 2020 11:02a
P/E Ratio
38.54
Dividend Yield
6.85%
Market Cap
$17.34 billion
Rev. per Employee
$1.92M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,470.50
-114.09 -4.41%
Volume: 3.67B
April 1, 2020 5:09p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
7,360.58
-339.52 -4.41%
Volume: 3.23M
April 1, 2020 5:16p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
20,943.51
-973.65 -4.44%
Volume: 508.31M
April 1, 2020 5:09p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.2720
+0.1070 +0.0998%
Volume: 0.0000
April 1, 2020 8:22p
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