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Nov. 4, 2019, 11:10 p.m. EST

Asian markets gain after Wall Street hits record highs

Nikkei and Hang Seng up on optimism over initial U.S.-China trade deal

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By Marketwatch and Associated Press


Bloomberg News
The Tokyo Tower sits illuminated over the skyline of central Tokyo.

Asian markets rose in early trading Tuesday, following record closing highs on Wall Street and more encouraging news on a trade deal.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.69%   hit its first record high in four months, joining the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.51%   and Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -1.53%  , which both closed at record highs for the second day in a row. Stocks were boosted by better-than-expected third-quarter earnings and optimism over the likelihood of a “phase one” trade deal between the U.S. and China.

The Financial Times reported Monday that the U.S. was considering rolling back tariffs on $112 billion in Chinese goods as a concession to reach an initial deal, with China expected to show a similar good-faith effort. The Wall Street Journal later reported similar news, saying both sides would remove some tariffs if a deal was reached.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.0082%   surged 2% as traders returned from a Monday holiday. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.19%   rose 0.5%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.60%   gained 0.7% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.47%   advanced 0.4%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.03%   edged up 0.3% while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.46%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -2.60%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +2.02%   all rose. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.68%   rose 0.3%.

Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.96%   and oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 +2.63%   jumped in Tokyo trading. Honda /zigman2/quotes/200490352/delayed JP:7267 -3.91%   and Sony /zigman2/quotes/201361720/delayed JP:6758 -0.98%   also gained. In Hong Kong, Apple component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -1.12%   and AAC /zigman2/quotes/201441510/delayed HK:2018 -0.38%   advanced, and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +1.12%   rose in South Korea. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT 0.00%   gained in Australia while Westpac /zigman2/quotes/203084975/delayed AU:WBC -2.94%   sank.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
21,052.53
-360.91 -1.69%
Volume: 451.62M
April 3, 2020 5:10p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,488.65
-38.25 -1.51%
Volume: 3.59B
April 3, 2020 5:10p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
7,373.08
-114.23 -1.53%
Volume: 2.88M
April 3, 2020 5:16p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
17,820.19
+1.47 +0.0082%
Volume: 0.00
April 3, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,236.11
-43.95 -0.19%
Volume: 1.87M
April 3, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,763.99
-16.65 -0.60%
Volume: 20.08B
April 3, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,689.57
-7.98 -0.47%
Volume: 32.00B
April 3, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
1,725.44
+0.58 +0.03%
Volume: 1.00M
April 3, 2020 3:32p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
9,663.63
-44.43 -0.46%
Volume: 0.00
April 1, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,389.29
-63.74 -2.60%
Volume: 0.00
April 3, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,623.43
+91.74 +2.02%
Volume: 0.00
April 3, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,067.50
-86.80 -1.68%
Volume: 1.07M
April 3, 2020 5:26p
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 3,732.00
-36.00 -0.96%
Volume: 27.96M
April 3, 2020 3:00p
P/E Ratio
25.04
Dividend Yield
1.18%
Market Cap
¥7730.30 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 632.20
+16.20 +2.63%
Volume: 20.89M
April 3, 2020 3:00p
P/E Ratio
5.88
Dividend Yield
5.69%
Market Cap
¥923.14 billion
Rev. per Employee
¥291.81M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,135.50
-87.00 -3.91%
Volume: 6.21M
April 3, 2020 3:00p
P/E Ratio
7.95
Dividend Yield
5.24%
Market Cap
¥3730.53 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,260.00
-62.00 -0.98%
Volume: 8.35M
April 3, 2020 3:00p
P/E Ratio
12.06
Dividend Yield
0.72%
Market Cap
¥7602.25 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 106.40
-1.20 -1.12%
Volume: 4.06M
April 3, 2020 4:08p
P/E Ratio
25.90
Dividend Yield
0.76%
Market Cap
HK$116.71 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 39.80
-0.15 -0.38%
Volume: 6.49M
April 3, 2020 4:08p
P/E Ratio
19.21
Dividend Yield
1.01%
Market Cap
HK$48.10 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
49,850.00
+550.00 +1.12%
Volume: 963,015
April 3, 2020 3:30p
P/E Ratio
286.92
Dividend Yield
1.50%
Market Cap
₩8976.30 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.30
0.00 0.00%
Volume: 23.54M
April 3, 2020 4:10p
P/E Ratio
5.17
Dividend Yield
1.54%
Market Cap
$2.95 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 15.51
-0.47 -2.94%
Volume: 13.57M
April 3, 2020 4:10p
P/E Ratio
8.19
Dividend Yield
11.22%
Market Cap
$55.92 billion
Rev. per Employee
$1.09M
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