Bulletin
Investor Alert

Asia Markets Archives | Email alerts

July 15, 2019, 11:05 p.m. EDT

Asian markets little changed as investors await earnings reports

Nikkei falls a day after holiday, RBA suggests openness to cut rates further

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
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)

or Cancel Already have a watchlist? Log In

By Associated Press and Marketwatch


AFP/Getty Images
A pedestrian walks past the Reserve Bank of Australia in Sydney.

Asian shares were little changed and mixed in quiet trading Tuesday amid a lack of fresh market-moving news as investors looked ahead to earnings season and Wall Street again closed at record highs.

On the trade front, U.S. Treasury Secretary Steve Mnuchin said Monday that he and U.S. Trade Representative Robert Lighthizer may travel to China soon for renewed trade negotiations if phone talks with Chinese officials this week are successful, Bloomberg News reported .

The Reserve Bank of Australia on Tuesday released minutes of their July meeting, which indicated a willingness to cut interest rates — which are already at historic lows — further if necessary. “Members judged that a further reduction in the level of interest rates would support the necessary growth in employment and incomes, and promote stronger overall economic conditions, which would in turn support a gradual increase in underlying inflation,” the RBA said in its minutes .

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.26%   fell 0.7%, as traders returned from a holiday Monday. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.23%   edged down 0.1%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.0040%   slipped 0.2%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.11%   was about flat, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.63%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.21%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.93%   were little changed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.06%   was about flat.

Among individual stocks, Casio Computer /zigman2/quotes/202492162/delayed JP:6952 +3.77%   slid in Tokyo trading. Sony /zigman2/quotes/201361720/delayed JP:6758 -2.45%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -3.86%   also declined. In Hong Kong, Sands China /zigman2/quotes/207609245/delayed HK:1928 -1.63%   rose, while CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.39%   and AIA Group /zigman2/quotes/203565558/delayed HK:1299 +0.30%   slipped. SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +2.58%   fell in South Korea while Foxconn /zigman2/quotes/204111604/delayed TW:2354 -0.62%   rose in Taiwan. In Australia, Oil Search /zigman2/quotes/204702973/delayed AU:OSH 0.00%   dropped after lowering its annual production target, and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -1.21%   rose after it said a Mongolian copper mine would take longer and cost more than expected.

Wall Street had a wobbly day of trading with gains that were enough to nudge them further into record territory.

The S&P 500 /zigman2/quotes/210599714/realtime SPX -1.18%   rose 0.53 points, or less than 0.1%, to 3,014.30 after drifting between a gain of 0.1% and a loss of 0.2% earlier in the day. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.34%   gained 27.13, or 0.1%, to 27,359.16, and the Nasdaq composite /zigman2/quotes/210598365/realtime COMP -1.83%   added 14.04, or 0.2%, to 8,258.19.

U.S. stocks have jumped since early June on increasing expectations that the Federal Reserve will cut interest rates to help the economy, and investors are virtually certain that it will happen at the next Fed meeting at the end of this month. The only question, investors say, is how deeply the Fed will cut when it lowers rates for the first time in a decade.

Until then, the main drivers for the market will likely be the hundreds of earnings reports scheduled to come from big companies, showing how much profit they made from April through June.

“The lack of impetus for Asia markets have kept prices trading in a lackluster fashion this morning,” said Jingyi Pan, market strategist for IG in Singapore.

Several economic reports are also on the schedule this week, including updates on retail sales, the housing industry and shoppers’ confidence. The U.S. economy has generally remained solid, but investors don’t expect this week’s reports to alter the direction of the Fed, which has already given hints about rate cuts given weakening economic trends around the world.

The White House’s repeated threats to raise tariffs has made companies at home more hesitant and hurt trade internationally. They’re a big reason China on Monday reported its weakest quarter of economic growth in at least 27 years.

Benchmark U.S. crude   slipped 15 cents to $59.43 a barrel. It fell 63 cents to settle at $59.58 per barrel Monday. Brent crude  , the international standard, lost 15 cents to $66.33 a barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.2217%   inched up to 107.94 Japanese yen from 107.81 late Monday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,863.59
-72.03 -0.26%
Volume: 0.00
Dec. 2, 2021 1:21p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,714.00
+55.08 +0.23%
Volume: 1.11M
Dec. 2, 2021 12:05p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,577.03
+0.14 +0.0040%
Volume: 21.88B
Dec. 2, 2021 12:26p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,931.81
+32.09 +1.11%
Volume: 372,920
Dec. 2, 2021 1:21p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
17,696.18
+110.19 +0.63%
Volume: 0.00
Dec. 2, 2021 12:21p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,091.84
-6.41 -0.21%
Volume: 0.00
Dec. 2, 2021 12:26p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,567.96
+60.29 +0.93%
Volume: 0.00
Dec. 2, 2021 11:30a
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,231.30
-4.60 -0.06%
Volume: 387,310
Dec. 2, 2021 3:21p
loading...
/zigman2/quotes/202492162/delayed
JP : Japan: Tokyo
¥ 1,540.00
+56.00 +3.77%
Volume: 1.40M
Dec. 2, 2021 1:20p
P/E Ratio
23.96
Dividend Yield
2.92%
Market Cap
¥357.67 billion
Rev. per Employee
¥21.86M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 13,555.00
-340.00 -2.45%
Volume: 2.87M
Dec. 2, 2021 1:21p
P/E Ratio
18.77
Dividend Yield
0.44%
Market Cap
¥17146.97 billion
Rev. per Employee
¥83.01M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,672.00
-228.00 -3.86%
Volume: 21.35M
Dec. 2, 2021 1:21p
P/E Ratio
3.40
Dividend Yield
0.00%
Market Cap
¥10330.07 billion
Rev. per Employee
¥202.77M
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
$ 16.88
-0.28 -1.63%
Volume: 19.64M
Dec. 2, 2021 11:59a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$145.03 billion
Rev. per Employee
$305,069
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
$ 7.81
+0.03 +0.39%
Volume: 26.33M
Dec. 2, 2021 11:59a
P/E Ratio
6.15
Dividend Yield
7.04%
Market Cap
$342.00 billion
Rev. per Employee
$9.51M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
$ 82.65
+0.25 +0.30%
Volume: 8.46M
Dec. 2, 2021 11:59a
P/E Ratio
18.86
Dividend Yield
1.67%
Market Cap
$990.02 billion
Rev. per Employee
$14.37M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
119,500
+3,000 +2.58%
Volume: 5.46M
Dec. 2, 2021 1:21p
P/E Ratio
10.18
Dividend Yield
0.98%
Market Cap
₩78388.76 billion
Rev. per Employee
₩1.10B
loading...
/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 64.50
-0.40 -0.62%
Volume: 2.54M
Dec. 2, 2021 12:20p
P/E Ratio
19.33
Dividend Yield
2.79%
Market Cap
NT$92.22 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204702973/delayed
AU : Australia: Sydney
$ 3.86
0.00 0.00%
Volume: 3.09M
Dec. 2, 2021 3:20p
P/E Ratio
77.20
Dividend Yield
0.00%
Market Cap
$7.92 billion
Rev. per Employee
$1.22M
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 94.60
-1.16 -1.21%
Volume: 875,545
Dec. 2, 2021 3:21p
P/E Ratio
6.19
Dividend Yield
13.50%
Market Cap
$142.00 billion
Rev. per Employee
$1.36M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,513.04
-53.96 -1.18%
Volume: 3.04B
Dec. 1, 2021 5:04p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,022.04
-461.68 -1.34%
Volume: 498.38M
Dec. 1, 2021 5:04p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
15,254.05
-283.64 -1.83%
Volume: 5.47M
Dec. 1, 2021 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
113.0290
+0.2500 +0.2217%
Volume: 0.0000
Dec. 1, 2021 11:41p
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.