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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 -0.61%  closed down 0.3%. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.09%   and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.20%   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 -0.25%  fell 0.9%, while benchmark indexes in Taiwan   and Singapore /zigman2/quotes/210597985/delayed SG:STI +0.14%   were flat to lower.

Bucking the weaker trend, Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.06%   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 -0.86%   and Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +0.03%   gained in Tokyo trading, while Nissan /zigman2/quotes/208298710/delayed JP:7201 -0.40%   retreated. In Hong Kong, real estate companies such as China Resources Land /zigman2/quotes/202417326/delayed HK:1109 +0.14%   and Country Garden /zigman2/quotes/201681083/delayed HK:2007 0.00%   rose, while oil producer CNOOC /zigman2/quotes/203421416/delayed HK:883 -1.79%   and telecom China Mobile /zigman2/quotes/200868736/delayed HK:941 -0.07%   declined. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.54%   fell in South Korea. National Australia Bank /zigman2/quotes/210431826/delayed AU:NAB +0.37%   and Westpac Banking /zigman2/quotes/203084975/delayed AU:WBC +0.07%   advanced in Australia.

On Wall Street on Tuesday, The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.65%   and Nasdaq /zigman2/quotes/210598365/realtime COMP -0.46%   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 -0.42%   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/composite BA +1.87%  and Caterpillar Inc. /zigman2/quotes/203434128/composite CAT -2.42%  post results.

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

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,337.56
-131.62 -0.61%
Volume: 0.00
July 18, 2019 9:02a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,593.17
-26.45 -0.09%
Volume: 0.00
July 17, 2019 4:09p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,931.69
-5.92 -0.20%
Volume: 14.96B
July 17, 2019 3:01p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,067.84
-5.08 -0.25%
Volume: 12,871
July 18, 2019 9:02a
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,364.87
+4.84 +0.14%
Volume: 0.00
July 17, 2019 5:20p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,669.10
-4.20 -0.06%
Volume: 6,633
July 18, 2019 10:02a
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,152.00
-10.00 -0.86%
Volume: 531,400
July 18, 2019 9:02a
P/E Ratio
6.84
Dividend Yield
0.39%
Market Cap
¥1588.21 billion
Rev. per Employee
¥74.20M
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 69,050.00
+20.00 +0.03%
Volume: 27,500
July 18, 2019 9:02a
P/E Ratio
42.73
Dividend Yield
0.70%
Market Cap
¥7089.84 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 764.90
-3.10 -0.40%
Volume: 667,000
July 18, 2019 9:02a
P/E Ratio
9.38
Dividend Yield
5.23%
Market Cap
¥3028.98 billion
Rev. per Employee
¥85.36M
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/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 34.85
+0.05 +0.14%
Volume: 5.71M
July 17, 2019 4:09p
P/E Ratio
8.48
Dividend Yield
3.56%
Market Cap
HK$241.20 billion
Rev. per Employee
HK$3.68M
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/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 11.42
0.00 0.00%
Volume: 24.29M
July 17, 2019 4:09p
P/E Ratio
6.16
Dividend Yield
4.86%
Market Cap
HK$244.01 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 13.18
-0.24 -1.79%
Volume: 39.76M
July 17, 2019 4:09p
P/E Ratio
9.43
Dividend Yield
5.31%
Market Cap
HK$599.17 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/200868736/delayed
HK : Hong Kong
HK$ 70.85
-0.05 -0.07%
Volume: 6.37M
July 17, 2019 4:09p
P/E Ratio
10.34
Dividend Yield
4.54%
Market Cap
HK$1451.71 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
46,300.00
+250.00 +0.54%
Volume: 542,295
July 18, 2019 9:02a
P/E Ratio
8.41
Dividend Yield
3.06%
Market Cap
₩318236.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 26.94
+0.10 +0.37%
Volume: 3.47M
July 17, 2019 4:10p
P/E Ratio
13.78
Dividend Yield
6.76%
Market Cap
$77.17 billion
Rev. per Employee
$1.00M
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 27.68
+0.02 +0.07%
Volume: 4.18M
July 17, 2019 4:10p
P/E Ratio
13.88
Dividend Yield
6.79%
Market Cap
$96.34 billion
Rev. per Employee
$1.09M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,984.42
-19.62 -0.65%
Volume: 1.74B
July 17, 2019 5:04p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,185.21
-37.59 -0.46%
Volume: 1.67M
July 17, 2019 5:16p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,219.85
-115.78 -0.42%
Volume: 196.78M
July 17, 2019 5:04p
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 369.52
+6.77 +1.87%
Volume: 4.01M
July 17, 2019 4:00p
P/E Ratio
21.14
Dividend Yield
2.22%
Market Cap
$204.09 billion
Rev. per Employee
$660,961
loading...
/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 135.73
-3.36 -2.42%
Volume: 3.75M
July 17, 2019 4:00p
P/E Ratio
12.64
Dividend Yield
3.04%
Market Cap
$79.54 billion
Rev. per Employee
$526,173
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