Bulletin
Investor Alert

London Markets Close in:

Asia Markets Archives | Email alerts

Oct. 17, 2018, 6:47 a.m. EDT

Asian markets jump following Wall Street’s big gains

Gains of around 1% seen around region; SoftBank up 3% as Saudi fears ease

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    Sharp Corp. (6753)
  • X
    Sony Corp. (6758)

or Cancel Already have a watchlist? Log In

By Dow Jones Newswire


Getty Images
Kazuki Furuzawa of Japan competes in the pole vault Tuesday at the Youth Olympic Games in Buenos Aires.

Asian stock markets were sharply higher Wednesday, with all major indexes logging gains of at least 1%, as global equities continue to cut into last week’s slump.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +2.55%   rose nearly 1.3%, with tech stocks leading the way. Sharp /zigman2/quotes/203224600/delayed JP:6753 +0.90%   gained 3.3%, while Sony /zigman2/quotes/201361720/delayed JP:6758 +1.94%  rose 2.2% and Panasonic /zigman2/quotes/201785256/delayed JP:6752 +2.07%   was up 1.3%. SoftBank shares /zigman2/quotes/207303954/delayed JP:9984 +1.25%   rose 3% after Chief Operating Officer Marcelo Claure said Tuesday it was “business as usual” following concerns about the company’s ties to Saudi Arabia in the wake of the disappearance, and believed murder of U.S.-based Saudi journalist Jamal Khashoggi, which triggered a selloff Monday. SoftBank is “anxiously looking at what is happening” with the situation, he said, according to Reuters .

After fresh multiyear lows yesterday and smaller-cap stocks logging declines of more than 2%, Chinese equities joined others in the region with gains of nearly 1%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.78%   was last up about 0.6%, about half its session high, and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.48%   was up 0.7%. Markets in Hong Kong were closed for a holiday.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.54%  rose more than 1% behind gains by Samsung /zigman2/quotes/209800866/delayed KR:005930 +2.63% , which announced it was buying Spanish AI-based network analytics company Zhilabs. Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.46%   was lifted by the energy and financial sectors, while New Zealand’s NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.59%   rose 1.2%.

Following another 20-month closing low Tuesday, Singapore’s stock benchmark /zigman2/quotes/210597985/delayed SG:STI +0.61%   jumped 1.2%, with all 30 components higher. Bank stocks have gained some 2% as the index looks to rise for just the third day this month. Malaysia’s stock index /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.24%   rose modestly, as did Taiwan’s  .

/zigman2/quotes/210597971/delayed
JP : Nikkei
24,023.10
+598.29 +2.55%
Volume: 0.00
Dec. 13, 2019 3:15p
loading...
/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,676.00
+15.00 +0.90%
Volume: 1.77M
Dec. 13, 2019 3:00p
P/E Ratio
17.70
Dividend Yield
1.49%
Market Cap
¥1014.62 billion
Rev. per Employee
¥50.23M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,443.00
+142.00 +1.94%
Volume: 8.87M
Dec. 13, 2019 3:00p
P/E Ratio
11.16
Dividend Yield
0.54%
Market Cap
¥8983.05 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 1,058.00
+21.50 +2.07%
Volume: 9.84M
Dec. 13, 2019 3:00p
P/E Ratio
9.10
Dividend Yield
2.84%
Market Cap
¥2418.01 billion
Rev. per Employee
¥29.74M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,388.00
+54.00 +1.25%
Volume: 18.40M
Dec. 13, 2019 3:00p
P/E Ratio
9.92
Dividend Yield
1.00%
Market Cap
¥8976.74 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,967.68
+51.98 +1.78%
Volume: 21.20B
Dec. 13, 2019 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,660.55
+24.22 +1.48%
Volume: 29.40B
Dec. 13, 2019 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,170.25
+32.90 +1.54%
Volume: 540,027
Dec. 13, 2019 6:01p
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
54,700.00
+1,400 +2.63%
Volume: 18.12M
Dec. 13, 2019 3:30p
P/E Ratio
15.10
Dividend Yield
2.59%
Market Cap
₩362049.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,739.70
+30.90 +0.46%
Volume: 646,001
Dec. 13, 2019 5:16p
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,241.59
-66.39 -0.59%
Volume: 0.00
Dec. 13, 2019 5:00p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,214.05
+19.38 +0.61%
Volume: 0.00
Dec. 13, 2019 5:20p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,571.16
+3.82 +0.24%
Volume: 0.00
Dec. 13, 2019 5:05p
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.