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July 29, 2019, 11:23 p.m. EDT

Asian markets gain as Bank of Japan maintains steady guidance

Nikkei, Hang Seng rise ahead of U.S.-China trade talks

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By Marketwatch and Associated Press


Bloomberg News
Haruhiko Kuroda, governor of the Bank of Japan. The BOJ kept interest rates unchanged Tuesday.

Asian markets gained in early trading Tuesday, ahead of the first round of trade negotiations between the U.S. and China since early May.

Talks are scheduled to begin Tuesday in Shanghai, though expectations are low. “I don’t know if they’re going to make a deal,” President Donald Trump said last week. “Maybe they will, maybe they won’t.”

Investors were also watching two influential central banks. The Bank of Japan announced Tuesday that it will leave its monetary policy unchanged, as expected, and maintained its guidance of extremely low rates at least through spring 2020, while noting it would not hesitate to take easing action if necessary. Traders had been looking for indications of future easing in the wake of the European Central Bank’s signal last week of a potential rate cut to come. Meanwhile, the U.S. Federal Reserve is expected to announce a small rate cut on Wednesday, its first since 2008.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.25%   rose 0.7% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.23%   gained 0.5%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.50%   advanced 0.7% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.01%   surged 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.16%   rose 0.7%. Taiwan’s Taiex /zigman2/quotes/210597977/delayed TW:Y9999 +0.78%   slipped, while benchmark indexes in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.69%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.43%   gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.30%   advanced 0.2%.

Among individual stocks, robotics maker Fanuc /zigman2/quotes/202054799/delayed JP:6954 -0.71%   rose in Tokyo trading, as did chip maker Tokyo Electron /zigman2/quotes/202883609/delayed JP:8035 +0.11%   and Hitachi /zigman2/quotes/203839937/delayed JP:6501 -0.15%  . In Hong Kong, Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.09%  , Ping An Insurance /zigman2/quotes/210315058/delayed HK:2318 +0.21%   and Wharf Real Estate /zigman2/quotes/205885756/delayed HK:1997 +0.56%   posted sold gains. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.79%   advanced in South Korea, while LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +0.43%  slipped. In Australia, Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.73%   and BHP /zigman2/quotes/201448516/delayed AU:BHP +1.17%   ticked up.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,548.90
+56.22 +0.25%
Volume: 0.00
Oct. 21, 2019 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,786.20
+60.52 +0.23%
Volume: 1.50M
Oct. 22, 2019 4:09p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,954.38
+14.76 +0.50%
Volume: 11.75B
Oct. 22, 2019 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,631.22
+16.34 +1.01%
Volume: 20.76B
Oct. 22, 2019 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,088.86
+24.02 +1.16%
Volume: 504,063
Oct. 22, 2019 6:01p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,271.25
+87.10 +0.78%
Volume: 0.00
Oct. 22, 2019 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,160.67
+21.52 +0.69%
Volume: 0.00
Oct. 22, 2019 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,225.50
+26.51 +0.43%
Volume: 0.00
Oct. 22, 2019 4:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,672.20
+19.70 +0.30%
Volume: 577,405
Oct. 22, 2019 5:49p
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/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 20,925.00
-150.00 -0.71%
Volume: 639,800
Oct. 21, 2019 3:00p
P/E Ratio
30.53
Dividend Yield
0.94%
Market Cap
¥4015.63 billion
Rev. per Employee
¥95.87M
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/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 21,775.00
+25.00 +0.11%
Volume: 801,900
Oct. 21, 2019 3:00p
P/E Ratio
15.97
Dividend Yield
2.47%
Market Cap
¥3507.07 billion
Rev. per Employee
¥110.09M
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/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 4,129.00
-6.00 -0.15%
Volume: 2.03M
Oct. 21, 2019 3:00p
P/E Ratio
16.81
Dividend Yield
2.18%
Market Cap
¥3989.69 billion
Rev. per Employee
¥30.84M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 115.70
-0.10 -0.09%
Volume: 2.87M
Oct. 22, 2019 4:09p
P/E Ratio
40.24
Dividend Yield
0.57%
Market Cap
HK$127.02 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/210315058/delayed
HK : Hong Kong
HK$ 94.40
+0.20 +0.21%
Volume: 15.17M
Oct. 22, 2019 4:09p
P/E Ratio
11.73
Dividend Yield
2.25%
Market Cap
HK$1718.23 billion
Rev. per Employee
HK$3.35M
loading...
/zigman2/quotes/205885756/delayed
HK : Hong Kong
HK$ 44.90
+0.25 +0.56%
Volume: 2.92M
Oct. 22, 2019 4:09p
P/E Ratio
9.20
Dividend Yield
4.79%
Market Cap
HK$135.57 billion
Rev. per Employee
HK$5.68M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
51,200.00
+900.00 +1.79%
Volume: 10.90M
Oct. 22, 2019 3:30p
P/E Ratio
11.05
Dividend Yield
2.77%
Market Cap
₩341671.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
69,400.00
+300.00 +0.43%
Volume: 283,529
Oct. 22, 2019 3:30p
P/E Ratio
13.84
Dividend Yield
1.08%
Market Cap
₩12442.60 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.35
+0.04 +1.73%
Volume: 5.66M
Oct. 22, 2019 4:10p
P/E Ratio
9.30
Dividend Yield
0.85%
Market Cap
$5.26 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 35.39
+0.41 +1.17%
Volume: 4.22M
Oct. 22, 2019 4:10p
P/E Ratio
14.90
Dividend Yield
5.42%
Market Cap
$176.88 billion
Rev. per Employee
N/A
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