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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

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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 -0.56%   surged 2.6% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.11% soared 3.8%, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.07%   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 -1.60%  surged nearly 8%.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.87% closed up 0.3%, while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.04%   advanced 0.7%, and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.41%   and Singapore /zigman2/quotes/210597985/delayed SG:STI -0.27%   rose while Indonesian stocks /zigman2/quotes/210597981/delayed ID:JAKIDX +0.51%   finished flat. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.14%   closed up 1.5%.

Among individual stocks, Japan Steel /zigman2/quotes/207991538/delayed JP:5631 +2.36%   rose in Tokyo trading, along with Mitsubishi UFJ /zigman2/quotes/207520099/delayed JP:8306 +1.48%  , while Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +3.45%   slid. In Hong Kong, AAC /zigman2/quotes/201441510/delayed HK:2018 -0.66%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +0.87%   rose, and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +0.87%   surged in South Korea. BHP /zigman2/quotes/201448516/delayed AU:BHP -1.23%   and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -2.90%  advanced in Australia.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,991.05
-16.84 -0.56%
Volume: 15.54B
Oct. 15, 2019 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,641.95
-18.39 -1.11%
Volume: 26.63B
Oct. 15, 2019 3:00p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,503.93
-17.92 -0.07%
Volume: 1.57M
Oct. 15, 2019 4:09p
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/zigman2/quotes/210155888/delayed
HK : Hong Kong
HK$ 8.63
-0.14 -1.60%
Volume: 3.50M
Oct. 15, 2019 4:08p
P/E Ratio
5.73
Dividend Yield
2.76%
Market Cap
HK$119.09 billion
Rev. per Employee
HK$3.23M
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/zigman2/quotes/210597971/delayed
JP : Nikkei
22,207.21
+408.34 +1.87%
Volume: 0.00
Oct. 15, 2019 3:15p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,068.17
+0.77 +0.04%
Volume: 464,533
Oct. 15, 2019 6:03p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,111.80
+44.85 +0.41%
Volume: 0.00
Oct. 15, 2019 1:31p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,116.17
-8.28 -0.27%
Volume: 0.00
Oct. 15, 2019 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,158.17
+31.29 +0.51%
Volume: 0.00
Oct. 15, 2019 4:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,652.00
+9.40 +0.14%
Volume: 35.00
Oct. 16, 2019 8:09a
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/zigman2/quotes/207991538/delayed
JP : Japan: Tokyo
¥ 2,208.00
+51.00 +2.36%
Volume: 566,300
Oct. 15, 2019 3:00p
P/E Ratio
8.38
Dividend Yield
2.49%
Market Cap
¥158.60 billion
Rev. per Employee
¥42.50M
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/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 543.20
+7.90 +1.48%
Volume: 52.30M
Oct. 15, 2019 3:00p
P/E Ratio
7.46
Dividend Yield
4.60%
Market Cap
¥6917.45 billion
Rev. per Employee
¥50.52M
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 65,450.00
+2,180 +3.45%
Volume: 864,200
Oct. 15, 2019 3:00p
P/E Ratio
41.15
Dividend Yield
0.76%
Market Cap
¥6457.47 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 45.30
-0.30 -0.66%
Volume: 5.76M
Oct. 15, 2019 4:08p
P/E Ratio
17.28
Dividend Yield
3.16%
Market Cap
HK$55.11 billion
Rev. per Employee
HK$411,637
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 116.00
+1.00 +0.87%
Volume: 4.16M
Oct. 15, 2019 4:08p
P/E Ratio
40.34
Dividend Yield
0.57%
Market Cap
HK$126.14 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
69,500.00
+600.00 +0.87%
Volume: 442,758
Oct. 15, 2019 3:30p
P/E Ratio
13.86
Dividend Yield
1.08%
Market Cap
₩12406.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 36.08
-0.45 -1.23%
Volume: 20,000
Oct. 15, 2019 4:10p
P/E Ratio
15.19
Dividend Yield
5.32%
Market Cap
$184.72 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.34
-0.07 -2.90%
Volume: 4.31M
Oct. 15, 2019 4:10p
P/E Ratio
9.26
Dividend Yield
0.85%
Market Cap
$5.49 billion
Rev. per Employee
N/A
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