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April 24, 2019, 8:18 a.m. EDT

Asian markets slip amid concerns over China stimulus pace

Aussie stocks rally after benign inflation data

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By Marketwatch and Associated Press


AFP/Getty Images
Japan's Shieriai Tsuda competes in the women's high jump Wednesday at the Asian Athletics Championships in Doha, Qatar.

Asian markets saw a mixed day on Wednesday, as fresh all-time closing highs for the S&P 500 and Nasdaq vied for investor attention with concerns China will slow its pace of economic stimulus.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.39%  closed down 0.3%. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.01%   and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.16%   also gave up initial gains, closing down 0.5% and flat, respectively.

China stocks recuperated some earlier losses, “supported by a late rally in tech shares that seem to have offset investor concerns that the PBoC could scale back the scope of further policy easing,” said Dean Popplewell, vice president of market analysis at OANDA, in a note to clients.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.58%  fell 0.9%, while benchmark indexes in Taiwan   and Singapore /zigman2/quotes/210597985/delayed SG:STI -0.39%   were flat to lower.

Bucking the weaker trend, Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.24%   closed up almost 1%, touching a nearly 10-year high in intraday trading after data showed the Australian Bureau of Statistics said consumer prices were flat for the first quarter of 2019, below the 0.2% market consensus.

The weaker-than-expected reading has traders pricing in the likelihood the central bank will cut interest rates later this year, with the prospect of easy-money policy encouraging some investors to buy stocks.

Among individual stocks, Rakuten /zigman2/quotes/201861450/delayed JP:4755 +1.37%   and Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +0.55%   gained in Tokyo trading, while Nissan /zigman2/quotes/208298710/delayed JP:7201 -0.06%   retreated. In Hong Kong, real estate companies such as China Resources Land /zigman2/quotes/202417326/delayed HK:1109 -1.09%   and Country Garden /zigman2/quotes/201681083/delayed HK:2007 +1.47%   rose, while oil producer CNOOC /zigman2/quotes/203421416/delayed HK:883 -0.73%   and telecom China Mobile /zigman2/quotes/200868736/delayed HK:941 +0.62%   declined. Samsung /zigman2/quotes/209800866/delayed KR:005930 +3.69%   fell in South Korea. National Australia Bank /zigman2/quotes/210431826/delayed AU:NAB +0.99%   and Westpac Banking /zigman2/quotes/203084975/delayed AU:WBC +2.02%   advanced in Australia.

On Wall Street on Tuesday, The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.67%   and Nasdaq /zigman2/quotes/210598365/realtime COMP -1.46%   closed at record highs Tuesday as investors cheered the latest batch of solid corporate earnings. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.33%   closed less than 1% from a record high. Stock futures rose modestly on Wednesday as a wave of big U.S. companies such as Boeing Co. /zigman2/quotes/208579720/delayed BA -0.63%  and Caterpillar Inc. /zigman2/quotes/203434128/delayed CAT -0.27%  post results.

Oil prices closed Tuesday at their highest level since October, but West Texas Intermediate crude for June delivery /zigman2/quotes/209725005/delayed CLM19 +0.30%   and June Brent crude  , the global benchmark slipped in Wednesday futures trading ahead of U.S. supply data.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,218.62
-83.11 -0.39%
Volume: 0.00
May 21, 2019 11:35a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,783.68
-3.93 -0.01%
Volume: 0.00
May 21, 2019 10:49a
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,903.93
+33.32 +1.16%
Volume: 9.27B
May 21, 2019 10:49a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,067.61
+11.90 +0.58%
Volume: 323,824
May 21, 2019 11:44a
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,192.90
-12.56 -0.39%
Volume: 0.00
May 21, 2019 10:49a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,460.80
-15.30 -0.24%
Volume: 304,099
May 21, 2019 12:44p
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,110.00
+15.00 +1.37%
Volume: 5.74M
May 21, 2019 11:30a
P/E Ratio
6.59
Dividend Yield
0.41%
Market Cap
¥1470.52 billion
Rev. per Employee
¥74.20M
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 65,310.00
+360.00 +0.55%
Volume: 387,700
May 21, 2019 11:30a
P/E Ratio
40.53
Dividend Yield
0.73%
Market Cap
¥6587.41 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 769.60
-0.50 -0.06%
Volume: 7.41M
May 21, 2019 11:30a
P/E Ratio
9.43
Dividend Yield
5.20%
Market Cap
¥3053.63 billion
Rev. per Employee
¥85.36M
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/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 31.75
-0.35 -1.09%
Volume: 3.75M
May 21, 2019 10:47a
P/E Ratio
7.72
Dividend Yield
3.91%
Market Cap
HK$224.91 billion
Rev. per Employee
HK$3.68M
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/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.94
+0.16 +1.47%
Volume: 10.76M
May 21, 2019 10:48a
P/E Ratio
5.90
Dividend Yield
5.07%
Market Cap
HK$241.88 billion
Rev. per Employee
HK$3.60M
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 13.56
-0.10 -0.73%
Volume: 14.82M
May 21, 2019 10:49a
P/E Ratio
9.70
Dividend Yield
5.16%
Market Cap
HK$597.38 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/200868736/delayed
HK : Hong Kong
HK$ 73.55
+0.45 +0.62%
Volume: 7.26M
May 21, 2019 10:49a
P/E Ratio
10.73
Dividend Yield
4.37%
Market Cap
HK$1485.50 billion
Rev. per Employee
HK$1.88M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
43,550.00
+1,550 +3.69%
Volume: 10.97M
May 21, 2019 11:44a
P/E Ratio
7.91
Dividend Yield
N/A
Market Cap
₩279858.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 26.07
+0.26 +0.99%
Volume: 6.16M
May 21, 2019 12:44p
P/E Ratio
13.34
Dividend Yield
6.98%
Market Cap
$67.06 billion
Rev. per Employee
$1.00M
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/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 28.31
+0.56 +2.02%
Volume: 10.27M
May 21, 2019 12:44p
P/E Ratio
14.19
Dividend Yield
6.64%
Market Cap
$87.43 billion
Rev. per Employee
$1.09M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,840.23
-19.30 -0.67%
Volume: 1.90B
May 20, 2019 4:51p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
7,702.38
-113.91 -1.46%
Volume: 1.88M
May 20, 2019 5:16p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,679.90
-84.10 -0.33%
Volume: 279.56M
May 20, 2019 4:51p
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/zigman2/quotes/208579720/delayed
US : U.S.: NYSE
$ 352.79
-2.23 -0.63%
Volume: 3.22M
May 20, 2019 4:00p
P/E Ratio
20.18
Dividend Yield
2.33%
Market Cap
$199.75 billion
Rev. per Employee
$660,961
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/zigman2/quotes/203434128/delayed
US : U.S.: NYSE
$ 122.43
-0.33 -0.27%
Volume: 6.31M
May 20, 2019 4:01p
P/E Ratio
11.40
Dividend Yield
3.37%
Market Cap
$70.20 billion
Rev. per Employee
$526,173
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/zigman2/quotes/209725005/delayed
US : U.S.: Nymex
$ 63.29
+0.19 +0.30%
Volume: 260.00
May 20, 2019 10:49p
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