Bulletin
Investor Alert

Asia Markets Archives | Email alerts

Sept. 10, 2019, 11:57 p.m. EDT

Asian markets gain ahead of ECB meeting

Nikkei, Hang Seng edge up as stocks in mainland China dip

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
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)

or Cancel Already have a watchlist? Log In

By Marketwatch and Associated Press


Getty Images/iStockphoto
Pedestrians traverse the busy Shibuya crossing in Tokyo.

Asian markets mostly gained in early trading Wednesday, ahead of expected further monetary easing by the European Central Bank.

The ECB is expected to take rates even deeper into negative territory at its Thursday meeting. Policy makers have indicated the ECB could introduce a tiered system of deposits, which would see only a portion of deposits subject to negative rates, which could ease a further hit to the banking sector’s profitability.

Investors may also have been encouraged by a lack of bad news on the trade-war front.

“The U.S.-China tug of war will continue, but there is growing sense that U.S.-China sentiment may be shifting to a state of trade-war neutrality,” said Stephen Innes, Asia-Pacific market strategist at AxiTrader. Innes also noted the ouster of U.S. National Security Adviser John Bolton may be good for global markets. “From a geopolitical risk perspective, it does lessen war-risk premiums, especially in Syria, Venezuela and Iran, and opens the door to more friendly discussion with North Korea,” he said.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.18%   rose 0.9% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.48%   edged up 1.4%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -1.32%   slipped 0.1% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.17%   fell 0.2%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.83%   gained 0.8% as the government said it would file a WTO complaint over Japan’s trade curbs against it. Singapore’s Straits Times Index /zigman2/quotes/210597985/delayed SG:STI -0.38%   advanced, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.06%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.18%   were about flat and stocks dipped in Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.21%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.40%   rose 0.1%.

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 -0.94%   gained in Tokyo trading, along with Honda /zigman2/quotes/200490352/delayed JP:7267 -0.03%   and oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 +0.54%  , while Nintendo /zigman2/quotes/208063194/delayed JP:7974 -1.15%   fell after Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.48%   announced pricing for its videogame subscription service . In Hong Kong, HSBC /zigman2/quotes/202687335/delayed HK:5 0.00%   and New World Development /zigman2/quotes/202357413/delayed HK:17 -1.25%   rose while CSPC Pharmaceutical /zigman2/quotes/200847219/delayed HK:1093 +2.96%   fell. SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -4.44%   declined in South Korea while Apple component maker Largan Precision /zigman2/quotes/210444196/delayed TW:3008 -2.05%   surged in Taiwan after new iPhones were announced. Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -0.10%   and Westpac /zigman2/quotes/203084975/delayed AU:WBC -0.28%   gained in Australia.

On Wall Street, investors continued to flock to smaller-company stocks they see as being better shielded from the fallout of the costly trade war between the U.S. and China than large multinationals.

The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.39%   inched up 0.96 points, or less than 0.1%, to 2,979.39. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.95%   rose 73.92 points, or 0.3%, to 26,909.43. The average was briefly down 118 points. The Nasdaq /zigman2/quotes/210598365/realtime COMP -0.83%  , which is heavily weighted with technology stocks, slid 3.28 points, or less than 0.1%, to 8,084.16.

The U.S. market has been gaining ground for two weeks as investors remain confident in the strength of the economy, despite the lingering trade war between the U.S. and China.

The feud between the world’s two largest economies has been injecting doses of volatility into the market as both sides escalate and then pull back. Recent plans for trade talks to resume in October raised some hope on Wall Street for a resolution.

Meanwhile, investors continue to watch the steady flow of economic data for a clearer picture of the U.S. economy’s health. Recent reports have been a mixed bag, including a Labor Department report Tuesday that showed both a slip in job openings as well as a slight increase in hiring in July.

The Labor Department will report the latest consumer price index figures on Thursday and the Commerce Department will report August retail sales data on Friday. Economists continue to expect the Federal Reserve to cut interest rates at its meeting next week to help maintain U.S. economic growth.

Benchmark crude oil   rose 40 cents to $57.80. It fell 45 cents to $57.40 a barrel on Tuesday. Brent crude oil  , the international standard, gained 33 cents to $62.71 a barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0240%   rose to 107.54 Japanese yen from 107.39 yen on Tuesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,492.68
+40.82 +0.18%
Volume: 0.00
Oct. 18, 2019 3:15p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,719.58
-128.91 -0.48%
Volume: 1.54M
Oct. 18, 2019 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,938.14
-39.19 -1.32%
Volume: 15.00B
Oct. 18, 2019 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,616.72
-19.20 -1.17%
Volume: 23.80B
Oct. 18, 2019 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,060.69
-17.25 -0.83%
Volume: 516,687
Oct. 18, 2019 6:03p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,114.16
-11.98 -0.38%
Volume: 0.00
Oct. 18, 2019 5:20p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,180.22
-6.66 -0.06%
Volume: 0.00
Oct. 18, 2019 1:31p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,191.95
+10.93 +0.18%
Volume: 0.00
Oct. 18, 2019 4:00p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,571.15
-3.35 -0.21%
Volume: 0.00
Oct. 18, 2019 5:05p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,623.00
-26.70 -0.40%
Volume: 38,463
Oct. 21, 2019 10:20a
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,449.00
-61.00 -0.94%
Volume: 4.65M
Oct. 18, 2019 3:00p
P/E Ratio
9.90
Dividend Yield
0.62%
Market Cap
¥8040.64 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,908.50
-1.00 -0.03%
Volume: 3.25M
Oct. 18, 2019 3:00p
P/E Ratio
9.51
Dividend Yield
3.85%
Market Cap
¥5117.75 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 955.20
+5.10 +0.54%
Volume: 2.91M
Oct. 18, 2019 3:00p
P/E Ratio
12.80
Dividend Yield
2.51%
Market Cap
¥1394.78 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/208063194/delayed
JP : Japan: Tokyo
¥ 38,610.00
-450.00 -1.15%
Volume: 1.42M
Oct. 18, 2019 3:00p
P/E Ratio
25.74
Dividend Yield
1.97%
Market Cap
¥4599.40 billion
Rev. per Employee
¥217.41M
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 236.41
+1.13 +0.48%
Volume: 24.38M
Oct. 18, 2019 4:00p
P/E Ratio
20.15
Dividend Yield
1.30%
Market Cap
$1068.38 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 60.90
0.00 0.00%
Volume: 15.94M
Oct. 18, 2019 4:08p
P/E Ratio
11.14
Dividend Yield
6.57%
Market Cap
HK$1233.85 billion
Rev. per Employee
HK$2.88M
loading...
/zigman2/quotes/202357413/delayed
HK : Hong Kong
HK$ 11.04
-0.14 -1.25%
Volume: 25.40M
Oct. 18, 2019 4:08p
P/E Ratio
6.22
Dividend Yield
4.62%
Market Cap
HK$112.90 billion
Rev. per Employee
HK$1.84M
loading...
/zigman2/quotes/200847219/delayed
HK : Hong Kong
HK$ 17.40
+0.50 +2.96%
Volume: 33.96M
Oct. 18, 2019 4:08p
P/E Ratio
27.32
Dividend Yield
1.03%
Market Cap
HK$108.34 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
77,400.00
-3,600 -4.44%
Volume: 13.63M
Oct. 18, 2019 3:30p
P/E Ratio
5.49
Dividend Yield
1.94%
Market Cap
₩52941.70 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210444196/delayed
TW : Taiwan
NT$ 4,305.00
-90.00 -2.05%
Volume: 610,357
Oct. 18, 2019 1:30p
P/E Ratio
21.98
Dividend Yield
1.58%
Market Cap
NT$577.47 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 87.79
-0.09 -0.10%
Volume: 54,095
Oct. 21, 2019 10:20a
P/E Ratio
8.00
Dividend Yield
10.22%
Market Cap
$143.18 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 28.76
-0.08 -0.28%
Volume: 235,833
Oct. 21, 2019 10:20a
P/E Ratio
14.42
Dividend Yield
6.54%
Market Cap
$100.45 billion
Rev. per Employee
$1.09M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,770.20
-255.68 -0.95%
Volume: 293.61M
Oct. 18, 2019 5:08p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,089.54
-67.31 -0.83%
Volume: 1.82M
Oct. 18, 2019 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullet Prebon
108.3810
-0.0260 -0.0240%
Volume: 0.0000
Oct. 20, 2019 7:40p
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.