Bulletin
Investor Alert

New York Markets Open in:

Asia Markets Archives | Email alerts

Nov. 5, 2018, 2:16 a.m. EST

Asian markets fall on profit-taking, while Xi praises globalization

After surging Friday, Nikkei off 1.5%, Hang Seng down 2%

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    Subaru Corp. (7270)
  • X
    Fast Retailing Co. Ltd. (9983)

or Cancel Already have a watchlist? Log In

By Dow Jones Newswires


AFP/Getty Images
China's President Xi Jinping is seen on a big screen in the media center as he speaks Monday at the opening ceremony of the first China International Import Expo in Shanghai .

After the best week in years for a number of Asian stock markets — following the worst month in years for many — the region’s equities traded on a down note Monday amid profit-taking after surges late last week.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.78%   closed down 1.5% after its best week since mid-2016, following Friday’s declines in the U.S. and amid persistent concerns about rising borrowing costs, U.S.-China trade conflicts and their effects on corporate results. Subaru /zigman2/quotes/203522406/delayed JP:7270 -1.55%   fell about 5% and Uniqlo parent Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 -0.37%   was off 4.8%.

Read: Bank of Japan’s Kuroda says large-scale monetary easing no longer the best policy

Chinese stocks were off even after President Xi Jinping praised globalization and China’s commitment to free trade as he kicked off a trade expo in Shanghai. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.74%   fell about 0.4% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.88%  was flat.

See: Xi touts free trade, China’s massive market at import expo

Hong Kong stocks were among the region’s biggest decliners. After ending last week with a 4.2% gain, the most in seven years, the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.59%   was down 2%. Trade worries persisted, as did concerns about the mainland economy, after a new report found China’s service-sector growth fell to a 13-month low in October. Tencent /zigman2/quotes/204605823/delayed HK:700 +5.23%   was down 3.8% while automaker Geely /zigman2/quotes/200716015/delayed HK:175 +0.35%   fell 3.7% and smartphone-component maker AAC /zigman2/quotes/201441510/delayed HK:2018 +4.31%  shed 7%.

Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.24%   shed 0.9% after its 3.5% surge Friday, its best day in seven years. Index heavyweight Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.75%   was down almost 0.7%. Singapore’s benchmark /zigman2/quotes/210597985/delayed SG:STI +0.24%   posted a loss of around 1.8%.

Busting a winning streak that lasted five sessions, Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.54%  closing down 0.5% and New Zealand’s NZX 50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.31%   eased 0.6%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,438.65
-176.04 -0.78%
Volume: 0.00
July 8, 2020 3:15p
loading...
/zigman2/quotes/203522406/delayed
JP : Japan: Tokyo
¥ 2,222.00
-35.00 -1.55%
Volume: 1.95M
July 8, 2020 3:00p
P/E Ratio
11.17
Dividend Yield
4.50%
Market Cap
¥1762.91 billion
Rev. per Employee
¥95.93M
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 62,130.00
-230.00 -0.37%
Volume: 641,600
July 8, 2020 3:00p
P/E Ratio
42.63
Dividend Yield
0.77%
Market Cap
¥6464.87 billion
Rev. per Employee
¥40.83M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,403.44
+58.10 +1.74%
Volume: 58.71B
July 8, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,198.62
+40.68 +1.88%
Volume: 66.95B
July 8, 2020 3:00p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,129.18
+153.52 +0.59%
Volume: 2.59M
July 8, 2020 4:08p
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 543.00
+27.00 +5.23%
Volume: 27.61M
July 8, 2020 4:08p
P/E Ratio
48.89
Dividend Yield
0.22%
Market Cap
HK$4925.65 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 17.00
+0.06 +0.35%
Volume: 167.59M
July 8, 2020 4:08p
P/E Ratio
16.80
Dividend Yield
1.47%
Market Cap
HK$160.93 billion
Rev. per Employee
HK$3.04M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 59.30
+2.45 +4.31%
Volume: 16.79M
July 8, 2020 4:08p
P/E Ratio
28.61
Dividend Yield
0.67%
Market Cap
HK$69.49 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,158.88
-5.29 -0.24%
Volume: 670,044
July 8, 2020 3:30p
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
53,000.00
-400.00 -0.75%
Volume: 19.53M
July 8, 2020 3:30p
P/E Ratio
16.91
Dividend Yield
2.67%
Market Cap
₩367795.50 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,667.75
+6.33 +0.24%
Volume: 0.00
July 8, 2020 4:42p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,920.30
-92.60 -1.54%
Volume: 777,765
July 8, 2020 5:14p
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,707.27
-36.46 -0.31%
Volume: 0.00
July 8, 2020 5:00p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.