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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 +0.68%   hit its first record high in four months, joining the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.64%   and Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +1.00%  , 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 -0.73%   surged 2% as traders returned from a Monday holiday. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -2.27%   rose 0.5%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -1.45%   gained 0.7% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.85%   advanced 0.4%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.14%   edged up 0.3% while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.62%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.99%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -1.06%   all rose. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.74%   rose 0.3%.

Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.73%   and oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 +5.08%   jumped in Tokyo trading. Honda /zigman2/quotes/200490352/delayed JP:7267 -3.74%   and Sony /zigman2/quotes/201361720/delayed JP:6758 +0.66%   also gained. In Hong Kong, Apple component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -3.86%   and AAC /zigman2/quotes/201441510/delayed HK:2018 -3.84%   advanced, and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 -0.52%   rose in South Korea. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.05%   gained in Australia while Westpac /zigman2/quotes/203084975/delayed AU:WBC -0.42%   sank.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,386.98
+185.46 +0.68%
Volume: 323.72M
Aug. 6, 2020 5:08p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,349.16
+21.39 +0.64%
Volume: 2.41B
Aug. 6, 2020 5:08p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,108.07
+109.67 +1.00%
Volume: 3.75M
Aug. 6, 2020 5:16p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
22,254.56
-163.59 -0.73%
Volume: 0.00
Aug. 7, 2020 1:28p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,364.43
-566.15 -2.27%
Volume: 789,326
Aug. 7, 2020 12:05p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,337.43
-49.03 -1.45%
Volume: 23.76B
Aug. 7, 2020 12:33p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,261.91
-42.62 -1.85%
Volume: 30.46B
Aug. 7, 2020 11:30a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,339.31
-3.30 -0.14%
Volume: 620,764
Aug. 7, 2020 1:28p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,833.40
-80.10 -0.62%
Volume: 0.00
Aug. 7, 2020 12:28p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,533.72
-25.38 -0.99%
Volume: 0.00
Aug. 7, 2020 12:33p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,123.32
-54.95 -1.06%
Volume: 0.00
Aug. 7, 2020 11:30a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,997.70
-44.50 -0.74%
Volume: 381,058
Aug. 7, 2020 2:28p
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,500.00
-48.00 -0.73%
Volume: 11.57M
Aug. 7, 2020 1:28p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥13634.30 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 668.30
+32.30 +5.08%
Volume: 10.10M
Aug. 7, 2020 1:28p
P/E Ratio
8.42
Dividend Yield
3.59%
Market Cap
¥916.86 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,549.50
-99.00 -3.74%
Volume: 4.22M
Aug. 7, 2020 1:28p
P/E Ratio
22.32
Dividend Yield
0.00%
Market Cap
¥4881.23 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 8,524.00
+56.00 +0.66%
Volume: 3.25M
Aug. 7, 2020 1:28p
P/E Ratio
16.13
Dividend Yield
0.53%
Market Cap
¥10438.34 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 141.80
-5.70 -3.86%
Volume: 3.82M
Aug. 7, 2020 11:59a
P/E Ratio
34.51
Dividend Yield
0.57%
Market Cap
HK$163.98 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 60.10
-2.40 -3.84%
Volume: 4.64M
Aug. 7, 2020 11:59a
P/E Ratio
29.00
Dividend Yield
0.67%
Market Cap
HK$76.08 billion
Rev. per Employee
HK$411,637
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/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
76,800.00
-400.00 -0.52%
Volume: 561,293
Aug. 7, 2020 1:28p
P/E Ratio
28.46
Dividend Yield
0.98%
Market Cap
₩13251.27 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.45
+0.02 +1.05%
Volume: 5.23M
Aug. 7, 2020 2:27p
P/E Ratio
5.76
Dividend Yield
1.38%
Market Cap
$3.33 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 16.69
-0.07 -0.42%
Volume: 2.36M
Aug. 7, 2020 2:28p
P/E Ratio
12.54
Dividend Yield
10.43%
Market Cap
$59.96 billion
Rev. per Employee
$1.09M
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