Bulletin
Investor Alert

Asia Markets Archives | Email alerts

Nov. 24, 2019, 10:13 p.m. EST

Asian markets gain amid fresh hopes for U.S.-China trade deal

Nikkei, Hang Seng rise following Trump’s comments Friday

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
    S&P/ASX 200 Benchmark Index (XJO)
  • X
    KOSPI Composite Index (180721)

or Cancel Already have a watchlist? Log In

By Associated Press and Marketwatch


Bloomberg News
Shipping containers stand at a port in Qingdao, China.

Asian shares were mostly higher Monday amid some optimism that the U.S. and China may edging closer to a trade deal.

Japan’s benchmark Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.17%   edged up nearly 1% in morning trading, while Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.58%   added 0.6%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.23%   gained 1.2%. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -0.19%   jumped 1.8%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.19%   advanced 0.4%.

Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.51%   gained in Tokyo trading, along with Honda /zigman2/quotes/200490352/delayed JP:7267 -1.48%   and Nintendo  , while Rakuten /zigman2/quotes/201861450/delayed JP:4755 +0.82%   fell. In Hng Kong, insurer AIA Group /zigman2/quotes/203565558/delayed HK:1299 +1.01%   surged, along with property companies such as Wharf Real Estate /zigman2/quotes/205885756/delayed HK:1997 +1.23%   and Country Garden /zigman2/quotes/201681083/delayed HK:2007 0.00%  . Samsung /zigman2/quotes/209800866/delayed KR:005930 -1.19%  advanced in South Korea, and BHP /zigman2/quotes/201448516/delayed AU:BHP +0.25%   advanced in Australia, while Westpac /zigman2/quotes/203084975/delayed AU:WBC +0.50%   retreated after it said it expects expense to rise as it works to crack down on financial crime.

Investors were watching the situation in Hong Kong, where pro-democracy candidates won a majority of seats in a local district council election over the weekend. After nearly six months of often violent protests, it is yet another challenge for Chief Executive Carrie Lam’s government.

“The result might not be market-friendly as it sets to challenge Carrie Lam’s leadership and bring up political uncertainties. But it could also mark a turning point in stopping the violent clashes,” said Margaret Yang, market analyst at CMC Markets in Singapore.

Markets around the world churned last week on uncertainty about whether the U.S. and China can soon halt their trade dispute, or at least stop it from escalating. New U.S. tariffs are set to hit Dec. 15 on many Chinese-made items on holiday shopping lists, such as smartphones and laptops.

Tariffs already put in place have hurt manufacturing around the world, and businesses have held back on spending given all the uncertainty about where the rules of global trade will end up.

President Donald Trump said last week that a deal between the world’s largest economies is “potentially very close” after Chinese President Xi Jinping said Beijing is working to “try not to have a trade war,” but will nevertheless fight back if necessary.

“A positive start to the trading week is expected with the trade comments from President Donald Trump last week though investors remain contemplating the U.S.-China trade issue that may not make concrete headway by year-end,” said Jingyi Pan, market strategist at IG.

On Wall Street, the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.02%   rose 0.2% on Friday, to 3,110.29. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.12%   gained 0.4% to 27,875.62. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -0.21%   added 0.2% to 8,519.88.

Benchmark crude   added 11 cents to $57.88 a barrel in electronic trading on the New York Mercantile Exchange. It fell 81 cents to $57.77 a barrel on Friday. Brent crude oil  , the international standard, rose 8 cents to $62.45 a barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.3096%   strengthened to 108.79 Japanese yen from 108.64 yen on Friday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,289.36
+39.75 +0.17%
Volume: 0.00
Aug. 14, 2020 3:15p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,126.20
+35.20 +0.58%
Volume: 734,503
Aug. 14, 2020 5:02p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,407.49
-30.04 -1.23%
Volume: 968,124
Aug. 14, 2020 3:33p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,183.01
-47.66 -0.19%
Volume: 1.43M
Aug. 14, 2020 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,360.10
+39.37 +1.19%
Volume: 30.60B
Aug. 14, 2020 3:01p
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,326.00
-97.00 -1.51%
Volume: 16.61M
Aug. 14, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥12052.70 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,722.00
-41.00 -1.48%
Volume: 4.58M
Aug. 14, 2020 3:00p
P/E Ratio
23.83
Dividend Yield
1.62%
Market Cap
¥4756.91 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 982.00
+8.00 +0.82%
Volume: 8.42M
Aug. 14, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.46%
Market Cap
¥1336.28 billion
Rev. per Employee
¥74.20M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 75.10
+0.75 +1.01%
Volume: 18.39M
Aug. 14, 2020 4:08p
P/E Ratio
17.40
Dividend Yield
1.69%
Market Cap
HK$902.03 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/205885756/delayed
HK : Hong Kong
HK$ 32.80
+0.40 +1.23%
Volume: 6.62M
Aug. 14, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
5.21%
Market Cap
HK$98.53 billion
Rev. per Employee
HK$5.68M
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.26
0.00 0.00%
Volume: 16.07M
Aug. 14, 2020 4:08p
P/E Ratio
5.07
Dividend Yield
6.10%
Market Cap
HK$222.64 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
58,000.00
-700.00 -1.19%
Volume: 15.67M
Aug. 14, 2020 3:30p
P/E Ratio
18.51
Dividend Yield
2.44%
Market Cap
₩393937.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 40.01
+0.10 +0.25%
Volume: 5.00M
Aug. 14, 2020 4:10p
P/E Ratio
14.97
Dividend Yield
5.33%
Market Cap
$188.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 18.04
+0.09 +0.50%
Volume: 7.78M
Aug. 14, 2020 4:10p
P/E Ratio
13.55
Dividend Yield
9.65%
Market Cap
$65.59 billion
Rev. per Employee
$1.09M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,372.85
-0.58 -0.02%
Volume: 1.71B
Aug. 14, 2020 5:11p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,931.02
+34.30 +0.12%
Volume: 276.73M
Aug. 14, 2020 5:11p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,019.30
-23.20 -0.21%
Volume: 3.17M
Aug. 14, 2020 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.5950
-0.3310 -0.3096%
Volume: 0.0000
Aug. 14, 2020 4:59p
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.