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March 19, 2019, 11:48 p.m. EDT

Asian markets largely down as investors take wait-and-see approach

Traders await Fed meeting amid conflicting signals on U.S.-China trade talks

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By Marketwatch and Associated Press


Bloomberg News
The Tokyo Tower, center, stands illuminated at night in Tokyo on Tuesday.

Asian markets were mostly down in lackluster trading early Wednesday, as investors processed mixed signals on U.S.-China trade talks and awaited the Fed’s meeting later in the day.

On Tuesday, Bloomberg News reported that some U.S. officials were worried that China was reneging on trade concessions and that Chinese negotiators have recently pushed back because the U.S. has not sufficiently assured them that tariffs will be lifted if a trade deal is made. But later in the day, the Wall Street Journal reported that talks were in their final stages, and top U.S. officials would fly to Beijing next week for more talks, with the goal of closing a deal by the end of April.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.84%   was about flat, while Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +3.36%   slipped 0.4%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +2.21%   was down 0.6%, and South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.75%   declined 1%. Singapore’s benchmark index /zigman2/quotes/210597985/delayed SG:STI +1.60%   retreated, while Taiwan’s   inched up. Stocks in Australia /zigman2/quotes/210598100/delayed AU:XJO +1.10%   were down slightly.

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 +1.44%   and Nintendo  tumbled in Tokyo trading after Google unveiled its new streaming videogame service, Stadia. In Hong Kong, PetroChina /zigman2/quotes/204979431/delayed HK:857 +1.88%   rose while property companies such as China Overseas Land & Investment /zigman2/quotes/205731176/delayed HK:688 +4.66%   and China Resources Land /zigman2/quotes/202417326/delayed HK:1109 +3.27%   fell. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.99%  slipped in South Korea while LG Electronics /zigman2/quotes/209966407/delayed KR:066570 -0.17%   advanced. Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG +6.40%   sank in Australia, along with fellow mining stocks Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +4.10%   and BHP /zigman2/quotes/201448516/delayed AU:BHP +3.09%  .

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,062.39
+184.50 +0.84%
Volume: 0.00
June 1, 2020 3:00p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,732.52
+771.05 +3.36%
Volume: 2.57M
June 1, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,915.43
+63.08 +2.21%
Volume: 26.02B
June 1, 2020 3:01p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,065.08
+35.48 +1.75%
Volume: 997,348
June 1, 2020 3:32p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,550.86
+40.11 +1.60%
Volume: 0.00
June 1, 2020 5:20p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,819.20
+63.50 +1.10%
Volume: 841,777
June 1, 2020 5:40p
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,973.00
+99.00 +1.44%
Volume: 6.22M
June 1, 2020 3:00p
P/E Ratio
15.13
Dividend Yield
0.65%
Market Cap
¥8387.39 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.71
+0.05 +1.88%
Volume: 117.46M
June 1, 2020 4:08p
P/E Ratio
22.53
Dividend Yield
5.76%
Market Cap
HK$486.84 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 24.70
+1.10 +4.66%
Volume: 17.92M
June 1, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
4.13%
Market Cap
HK$258.57 billion
Rev. per Employee
HK$30.79M
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/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 31.55
+1.00 +3.27%
Volume: 20.62M
June 1, 2020 4:08p
P/E Ratio
6.77
Dividend Yield
3.71%
Market Cap
HK$217.85 billion
Rev. per Employee
HK$3.68M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
51,200.00
+500.00 +0.99%
Volume: 16.95M
June 1, 2020 3:30p
P/E Ratio
16.34
Dividend Yield
2.77%
Market Cap
₩344388.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
59,200.00
-100.00 -0.17%
Volume: 550,906
June 1, 2020 3:30p
P/E Ratio
21.94
Dividend Yield
1.27%
Market Cap
₩10677.90 billion
Rev. per Employee
N/A
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/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 14.79
+0.89 +6.40%
Volume: 14.35M
June 1, 2020 4:10p
P/E Ratio
6.37
Dividend Yield
6.76%
Market Cap
$42.78 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 97.23
+3.83 +4.10%
Volume: 1.78M
June 1, 2020 4:10p
P/E Ratio
13.86
Dividend Yield
6.76%
Market Cap
$150.95 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 35.71
+1.07 +3.09%
Volume: 7.18M
June 1, 2020 4:10p
P/E Ratio
13.36
Dividend Yield
5.97%
Market Cap
$175.17 billion
Rev. per Employee
N/A
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