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Sept. 17, 2019, 10:58 p.m. EDT

Asian markets flat ahead of Fed interest-rate decision

Nikkei, Hang Seng largely unchanged ahead of expected rate cut

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By Marketwatch and Associated Press


Getty Images/iStockphoto
The Tokyo skyline.

Asian markets were flat in early trading Wednesday, as investors awaited the U.S. Federal Reserve’s expected interest-rate cut later in the day.

The Fed is widely expected to announce a quarter-percentage-point cut to its benchmark interest rate after it ends its two-day meeting. The rate cut would be the second one this summer, and investors will be closely watching for signals of future cuts.

Meanwhile, Japan’s August exports contracted at a faster pace than expected, likely putting pressure on the Bank of Japan to further ease its monetary policy.

South Korea also followed through with plans to drop Japan from a list of countries receiving fast-track approvals in trade, a reaction to a similar move by Tokyo to downgrade Seoul’s trade status amid a tense diplomatic dispute.

On Tuesday, President Donald Trump suggested a trade deal with China could happen “maybe soon,” but added that it could also come after the 2020 election.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.39%   was about flat, as was Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.09%  . The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.31%   swung between slight gains and losses, as did the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.12%  . South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.49%   rose 0.5% while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.33%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.55%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.25%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -1.01%   largely posted slight gains. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.33%   was down fractionally.

Among individual stocks, Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 -1.31%   gained in Tokyo trading while Honda /zigman2/quotes/203803129/delayed JP:7203 +1.10%   and oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 -0.23%   fell. In Hong Kong, /zigman2/quotes/202934861/composite AAPL -2.26%  omponent maker AAC /zigman2/quotes/201441510/delayed HK:2018 -1.22%   surged, while CNOOC /zigman2/quotes/203421416/delayed HK:883 -0.33%   and food processor WH Group /zigman2/quotes/204247792/delayed HK:288 -1.39%   declined. Samsung /zigman2/quotes/209800866/delayed KR:005930 -1.33%   rose in South Korea and SK Hynix /zigman2/quotes/209966407/delayed KR:066570 -1.64%   advanced in South Korea and Largan Precision /zigman2/quotes/210444196/delayed TW:3008 +1.07%   gained in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -3.24%   gained in Australia, as did clothing retailer Kathmandu /zigman2/quotes/209380167/delayed AU:KMD -0.58%   after it posted record fiscal-year profits .

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,386.74
-92.41 -0.39%
Volume: 0.00
Feb. 21, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,308.81
-300.35 -1.09%
Volume: 1.77M
Feb. 21, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,039.67
+9.52 +0.31%
Volume: 36.46B
Feb. 21, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,907.35
+21.21 +1.12%
Volume: 60.04B
Feb. 21, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,162.84
-32.66 -1.49%
Volume: 635,474
Feb. 21, 2020 3:33p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,686.35
-38.74 -0.33%
Volume: 0.00
Feb. 21, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,181.03
-17.65 -0.55%
Volume: 0.00
Feb. 21, 2020 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,531.20
-3.78 -0.25%
Volume: 0.00
Feb. 21, 2020 5:05p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,882.26
-60.23 -1.01%
Volume: 0.00
Feb. 21, 2020 4:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,139.00
-23.50 -0.33%
Volume: 1.07M
Feb. 21, 2020 5:17p
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 58,860.00
-780.00 -1.31%
Volume: 486,100
Feb. 21, 2020 3:00p
P/E Ratio
37.61
Dividend Yield
0.85%
Market Cap
¥6087.48 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,837.00
+85.00 +1.10%
Volume: 5.15M
Feb. 21, 2020 3:00p
P/E Ratio
9.06
Dividend Yield
2.81%
Market Cap
¥21916.10 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 1,069.50
-2.50 -0.23%
Volume: 4.30M
Feb. 21, 2020 3:00p
P/E Ratio
9.94
Dividend Yield
3.37%
Market Cap
¥1565.33 billion
Rev. per Employee
¥291.81M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 313.05
-7.25 -2.26%
Volume: 32.43M
Feb. 21, 2020 4:00p
P/E Ratio
24.72
Dividend Yield
0.98%
Market Cap
$1369.74 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 56.45
-0.70 -1.22%
Volume: 5.02M
Feb. 21, 2020 4:08p
P/E Ratio
21.53
Dividend Yield
2.53%
Market Cap
HK$69.07 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 12.18
-0.04 -0.33%
Volume: 58.19M
Feb. 21, 2020 4:08p
P/E Ratio
8.23
Dividend Yield
5.99%
Market Cap
HK$545.59 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/204247792/delayed
HK : Hong Kong
HK$ 8.53
-0.12 -1.39%
Volume: 23.19M
Feb. 21, 2020 4:08p
P/E Ratio
16.06
Dividend Yield
2.34%
Market Cap
HK$127.39 billion
Rev. per Employee
HK$1.61M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
59,200.00
-800.00 -1.33%
Volume: 13.78M
Feb. 21, 2020 3:30p
P/E Ratio
16.34
Dividend Yield
2.39%
Market Cap
₩407560.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
66,100.00
-1,100 -1.64%
Volume: 531,902
Feb. 21, 2020 3:30p
P/E Ratio
65.03
Dividend Yield
1.13%
Market Cap
₩12100.40 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210444196/delayed
TW : Taiwan
NT$ 4,740.00
+50.00 +1.07%
Volume: 376,714
Feb. 21, 2020 1:30p
P/E Ratio
24.02
Dividend Yield
1.43%
Market Cap
NT$635.82 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.09
-0.07 -3.24%
Volume: 7.81M
Feb. 21, 2020 4:10p
P/E Ratio
8.34
Dividend Yield
0.96%
Market Cap
$4.93 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209380167/delayed
AU : Australia: Sydney
$ 3.40
-0.02 -0.58%
Volume: 135,841
Feb. 21, 2020 4:10p
P/E Ratio
14.68
Dividend Yield
5.43%
Market Cap
$1.01 billion
Rev. per Employee
$388,012
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