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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 +1.15%   was about flat, as was Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.81%  . The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.15%   swung between slight gains and losses, as did the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.43%  . South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.11%   rose 0.5% while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +1.63%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.34%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.69%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.35%   largely posted slight gains. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.54%   was down fractionally.

Among individual stocks, Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +2.63%   gained in Tokyo trading while Honda /zigman2/quotes/203803129/delayed JP:7203 +2.27%   and oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 +3.26%   fell. In Hong Kong, /zigman2/quotes/202934861/composite AAPL +0.14%  omponent maker AAC /zigman2/quotes/201441510/delayed HK:2018 -0.76%   surged, while CNOOC /zigman2/quotes/203421416/delayed HK:883 -0.66%   and food processor WH Group /zigman2/quotes/204247792/delayed HK:288 +4.32%   declined. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.73%   rose in South Korea and SK Hynix /zigman2/quotes/209966407/delayed KR:066570 +0.15%   advanced in South Korea and Largan Precision /zigman2/quotes/210444196/delayed TW:3008 0.00%   gained in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.69%   gained in Australia, as did clothing retailer Kathmandu /zigman2/quotes/209380167/delayed AU:KMD +1.77%   after it posted record fiscal-year profits .

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,798.87
+246.89 +1.15%
Volume: 0.00
Oct. 11, 2019 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,521.85
+213.41 +0.81%
Volume: 2.10M
Oct. 14, 2019 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,007.88
+34.23 +1.15%
Volume: 20.86B
Oct. 14, 2019 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,660.33
+23.37 +1.43%
Volume: 28.54B
Oct. 14, 2019 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,067.40
+22.79 +1.11%
Volume: 511,215
Oct. 14, 2019 6:03p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,066.95
+176.99 +1.63%
Volume: 0.00
Oct. 14, 2019 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,124.45
+10.48 +0.34%
Volume: 0.00
Oct. 14, 2019 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,567.59
+10.75 +0.69%
Volume: 0.00
Oct. 14, 2019 5:05p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,126.88
+21.08 +0.35%
Volume: 0.00
Oct. 14, 2019 4:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,642.60
+35.80 +0.54%
Volume: 489,247
Oct. 14, 2019 5:15p
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 63,270.00
+1,620 +2.63%
Volume: 1.14M
Oct. 11, 2019 3:00p
P/E Ratio
39.78
Dividend Yield
0.79%
Market Cap
¥6457.47 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,269.00
+161.00 +2.27%
Volume: 4.76M
Oct. 11, 2019 3:00p
P/E Ratio
11.03
Dividend Yield
3.03%
Market Cap
¥20530.10 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 950.50
+30.00 +3.26%
Volume: 6.17M
Oct. 11, 2019 3:00p
P/E Ratio
12.73
Dividend Yield
2.52%
Market Cap
¥1387.92 billion
Rev. per Employee
¥291.81M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 236.54
+0.33 +0.14%
Volume: 13.31M
Oct. 14, 2019 12:18p
P/E Ratio
20.19
Dividend Yield
1.30%
Market Cap
$1067.48 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 45.60
-0.35 -0.76%
Volume: 9.28M
Oct. 14, 2019 4:08p
P/E Ratio
17.39
Dividend Yield
3.14%
Market Cap
HK$55.53 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 11.96
-0.08 -0.66%
Volume: 40.72M
Oct. 14, 2019 4:08p
P/E Ratio
8.09
Dividend Yield
6.10%
Market Cap
HK$537.56 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/204247792/delayed
HK : Hong Kong
HK$ 7.72
+0.32 +4.32%
Volume: 155.39M
Oct. 14, 2019 4:08p
P/E Ratio
14.54
Dividend Yield
2.59%
Market Cap
HK$108.86 billion
Rev. per Employee
HK$1.61M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
50,000.00
+850.00 +1.73%
Volume: 11.13M
Oct. 14, 2019 3:30p
P/E Ratio
10.79
Dividend Yield
2.83%
Market Cap
₩333860.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
68,900.00
+100.00 +0.15%
Volume: 360,306
Oct. 14, 2019 3:30p
P/E Ratio
13.74
Dividend Yield
1.09%
Market Cap
₩12388.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210444196/delayed
TW : Taiwan
NT$ 4,460.00
0.00 0.00%
Volume: 744,887
Oct. 14, 2019 1:30p
P/E Ratio
22.77
Dividend Yield
1.52%
Market Cap
NT$598.26 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.41
+0.04 +1.69%
Volume: 5.83M
Oct. 14, 2019 4:10p
P/E Ratio
9.54
Dividend Yield
0.83%
Market Cap
$5.40 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209380167/delayed
AU : Australia: Sydney
$ 2.88
+0.05 +1.77%
Volume: 261,387
Oct. 14, 2019 4:10p
P/E Ratio
12.44
Dividend Yield
6.24%
Market Cap
$829.28 million
Rev. per Employee
$388,012
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