Bulletin
Investor Alert

Asia Markets Archives | Email alerts

June 11, 2019, 3:42 a.m. EDT

Asian markets gain despite fresh tariff threats from Trump

Chinese stocks surge amid reports of more support from Beijing

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Shanghai Composite Index (SHCOMP)
  • X
    Shenzhen Composite Index (399106)
  • X
    Hang Seng Index (HSI)

or Cancel Already have a watchlist? Log In

By Marketwatch and Associated Press


AFP/Getty Images
People walk on the streets of Yuyuan Garden in Shanghai. Stocks rose in Shanghai on Tuesday.

China stocks led Asian markets higher Tuesday, despite fresh threats from President Donald Trump to raise tariffs on imports from that country.

Trump on Monday told reporters that the U.S. would raise tariffs against China if President Xi Jinping did not attend the G-20 meeting later this month in Japan. There have been no indications that Xi is planning on skipping the summit, and he is expected to meet with Trump there. Trump also predicted that tariffs would drive China to make a trade deal.

“The China deal is going to work out. You know why? Because of tariffs,” Trump said.

The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.22%   surged 2.6% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.95% soared 3.8%, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.74%   gained 0.8%. China stock gains centered on infrastructure names, after Beijing reportedly asked local governments to fund new big projects. Shares of China Railway Construction Corp. /zigman2/quotes/210155888/delayed HK:1186 -1.98%  surged nearly 8%.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.18% closed up 0.3%, while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.05%   advanced 0.7%, and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.02%   and Singapore /zigman2/quotes/210597985/delayed SG:STI -0.18%   rose while Indonesian stocks /zigman2/quotes/210597981/delayed ID:JAKIDX +0.79%   finished flat. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.63%   closed up 1.5%.

Among individual stocks, Japan Steel /zigman2/quotes/207991538/delayed JP:5631 -3.23%   rose in Tokyo trading, along with Mitsubishi UFJ /zigman2/quotes/207520099/delayed JP:8306 -2.84%  , while Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +2.40%   slid. In Hong Kong, AAC /zigman2/quotes/201441510/delayed HK:2018 +0.89%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.78%   rose, and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +1.37%   surged in South Korea. BHP /zigman2/quotes/201448516/delayed AU:BHP -1.48%   and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.25%  advanced in Australia.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,852.35
+6.13 +0.22%
Volume: 20.68B
May 29, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,786.51
+16.81 +0.95%
Volume: 29.49B
May 29, 2020 3:00p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,961.47
-171.29 -0.74%
Volume: 3.62M
May 29, 2020 4:08p
loading...
/zigman2/quotes/210155888/delayed
HK : Hong Kong
HK$ 6.93
-0.14 -1.98%
Volume: 23.06M
May 29, 2020 4:08p
P/E Ratio
4.64
Dividend Yield
3.29%
Market Cap
HK$96.01 billion
Rev. per Employee
HK$3.23M
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
21,877.89
-38.42 -0.18%
Volume: 0.00
May 29, 2020 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,029.60
+1.06 +0.05%
Volume: 1.09M
May 29, 2020 3:33p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
10,942.16
-2.03 -0.02%
Volume: 0.00
May 29, 2020 1:33p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,510.75
-4.49 -0.18%
Volume: 0.00
May 29, 2020 5:20p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,753.61
+37.43 +0.79%
Volume: 0.00
May 29, 2020 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,755.70
-95.40 -1.63%
Volume: 2.45M
May 29, 2020 5:16p
loading...
/zigman2/quotes/207991538/delayed
JP : Japan: Tokyo
¥ 1,590.00
-53.00 -3.23%
Volume: 419,800
May 29, 2020 3:00p
P/E Ratio
12.55
Dividend Yield
2.83%
Market Cap
¥120.81 billion
Rev. per Employee
¥42.50M
loading...
/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 444.20
-13.00 -2.84%
Volume: 92.32M
May 29, 2020 3:00p
P/E Ratio
10.89
Dividend Yield
5.63%
Market Cap
¥5870.74 billion
Rev. per Employee
¥50.52M
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 60,530.00
+1,420 +2.40%
Volume: 1.78M
May 29, 2020 3:00p
P/E Ratio
41.53
Dividend Yield
0.79%
Market Cap
¥6034.10 billion
Rev. per Employee
¥40.83M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 39.80
+0.35 +0.89%
Volume: 11.73M
May 29, 2020 4:08p
P/E Ratio
19.20
Dividend Yield
1.01%
Market Cap
HK$47.68 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 102.40
-0.80 -0.78%
Volume: 8.93M
May 29, 2020 4:08p
P/E Ratio
24.92
Dividend Yield
0.79%
Market Cap
HK$113.20 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
59,300.00
+800.00 +1.37%
Volume: 900,113
May 29, 2020 3:30p
P/E Ratio
21.98
Dividend Yield
1.26%
Market Cap
₩10533.90 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 34.64
-0.52 -1.48%
Volume: 14.07M
May 29, 2020 4:10p
P/E Ratio
12.96
Dividend Yield
6.15%
Market Cap
$177.80 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.62
+0.02 +1.25%
Volume: 20.67M
May 29, 2020 4:10p
P/E Ratio
6.44
Dividend Yield
1.24%
Market Cap
$3.64 billion
Rev. per Employee
N/A
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.