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July 18, 2019, 11:08 p.m. EDT

Asian markets gain on fresh hopes of rate cut by Fed

Nikkei, Hang Seng, Shanghai post solid gains after comments by Fed’s Williams

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By Marketwatch and Associated Press


Reuters
High-rise buildings are seen at the Shinjuku business district during sunset in Tokyo.

Asian markets gained in early trading Friday following dovish comments by a top Fed official that raised investors’ hopes of an interest-rate cut.

New York Fed President John Williams said in a speech Thursday that since interest rates are so close to zero, cutting them at the first sign of trouble would be the wisest move. A New York Fed spokesman later clarified that Williams was speaking theoretically, and that it was not an indication of future policy action. Still, traders in fed funds futures raised prospects of a half-point rate cut at the Fed’s upcoming meeting in late July to 50% Thursday, up from 34% the day before.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.85%  rose 1.7% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.31%   gained 1%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.30%   advanced 1% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.19%   was up 1.2%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.25%   rose 1.1% while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +1.16%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.69%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.66%   all gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.36%   ticked up 0.7%.

Among individual stocks, semiconductor and electronics manufacturers Screen Holdings /zigman2/quotes/200599327/delayed JP:7735 +3.43%   and Tokyo Electron /zigman2/quotes/202883609/delayed JP:8035 +3.95%   surged in Tokyo trading. SoftBank /zigman2/quotes/207303954/delayed JP:9984 +2.08%   and Toyota /zigman2/quotes/203803129/delayed JP:7203 +1.86%   also gained. In Hong Kong, Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.14%  , AIA Group /zigman2/quotes/203565558/delayed HK:1299 +2.24%   and CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.88%   advanced. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.88%   and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +0.84%   rose in South Korea, and Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +3.92%   jumped in Taiwan. In Australia, Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +0.58%   and mining companies Alacer Gold /zigman2/quotes/206240930/delayed AU:AQG -4.31%   and Evolution Mining /zigman2/quotes/206059650/delayed AU:EVN -2.74%   rose.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,857.21
+432.40 +1.85%
Volume: 0.00
Dec. 13, 2019 9:04a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,994.14
+348.71 +1.31%
Volume: 1.45M
Dec. 12, 2019 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,915.70
-8.72 -0.30%
Volume: 15.18B
Dec. 12, 2019 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,636.33
-3.16 -0.19%
Volume: 25.57B
Dec. 12, 2019 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,164.05
+26.70 +1.25%
Volume: 36,759
Dec. 13, 2019 9:04a
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,836.42
+135.65 +1.16%
Volume: 0.00
Dec. 12, 2019 1:31p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,194.67
+21.77 +0.69%
Volume: 0.00
Dec. 12, 2019 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,139.40
-40.70 -0.66%
Volume: 0.00
Dec. 12, 2019 4:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,733.10
+24.30 +0.36%
Volume: 111,630
Dec. 13, 2019 11:03a
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/zigman2/quotes/200599327/delayed
JP : Japan: Tokyo
¥ 7,840.00
+260.00 +3.43%
Volume: 189,400
Dec. 13, 2019 9:04a
P/E Ratio
35.62
Dividend Yield
1.24%
Market Cap
¥344.89 billion
Rev. per Employee
¥63.00M
loading...
/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 24,445.00
+930.00 +3.95%
Volume: 674,300
Dec. 13, 2019 9:04a
P/E Ratio
20.83
Dividend Yield
2.19%
Market Cap
¥3532.01 billion
Rev. per Employee
¥110.09M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,424.00
+90.00 +2.08%
Volume: 4.36M
Dec. 13, 2019 9:04a
P/E Ratio
10.00
Dividend Yield
0.99%
Market Cap
¥8883.54 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,770.00
+142.00 +1.86%
Volume: 1.86M
Dec. 13, 2019 9:04a
P/E Ratio
11.66
Dividend Yield
2.83%
Market Cap
¥21372.80 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 139.30
-0.20 -0.14%
Volume: 9.89M
Dec. 12, 2019 4:08p
P/E Ratio
48.45
Dividend Yield
0.48%
Market Cap
HK$153.01 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 79.75
+1.75 +2.24%
Volume: 25.70M
Dec. 12, 2019 4:08p
P/E Ratio
25.41
Dividend Yield
1.48%
Market Cap
HK$939.70 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 11.46
+0.10 +0.88%
Volume: 46.92M
Dec. 12, 2019 4:08p
P/E Ratio
7.75
Dividend Yield
6.37%
Market Cap
HK$507.20 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
54,300.00
+1,000 +1.88%
Volume: 1.80M
Dec. 13, 2019 9:04a
P/E Ratio
14.99
Dividend Yield
2.61%
Market Cap
₩352539.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
72,300.00
+600.00 +0.84%
Volume: 28,759
Dec. 13, 2019 9:04a
P/E Ratio
17.68
Dividend Yield
1.04%
Market Cap
₩12820.70 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 331.50
+12.50 +3.92%
Volume: 52.74M
Dec. 12, 2019 1:30p
P/E Ratio
26.11
Dividend Yield
0.00%
Market Cap
NT$8271.80 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.60
+0.02 +0.58%
Volume: 1.08M
Dec. 13, 2019 11:04a
P/E Ratio
10.27
Dividend Yield
0.77%
Market Cap
$5.95 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206240930/delayed
AU : Australia: Sydney
$ 7.33
-0.33 -4.31%
Volume: 145,215
Dec. 13, 2019 11:03a
loading...
/zigman2/quotes/206059650/delayed
AU : Australia: Sydney
$ 3.73
-0.11 -2.74%
Volume: 1.69M
Dec. 13, 2019 11:03a
P/E Ratio
29.15
Dividend Yield
2.55%
Market Cap
$6.48 billion
Rev. per Employee
$1.20M
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