Bulletin
Investor Alert

London Markets Close in:

Asia Markets Archives | Email alerts

Aug. 11, 2019, 11:38 p.m. EDT

Asian markets make cautious gains following rocky week

Stocks rise in Hong Kong, Shanghai; Nikkei closed for holiday

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)
  • X
    KOSPI Composite Index (180721)

or Cancel Already have a watchlist? Log In

By Marketwatch and Associated Press


Getty Images
The sun rises behind the skyline of Shanghai.

Asian markets cautiously rose in early trading Monday, following a volatile week for global markets as U.S.-China trade tensions increased.

Goldman Sachs on Sunday said that it does not expect a trade deal before the 2020 presidential election, and warned that the ongoing trade war is having a greater effect on the U.S. economy that first estimated. In a note to investors, the bank cut its growth forecast for the economy and said the risk of recession is rising as businesses reduce spending due to trade-war uncertainties.

Early Monday, China’s central bank set the midpoint for the yuan weaker than 7 per U.S. dollar for the third day in a row. The People’s Bank of China set the currency’s reference point at 7.0211 per dollar, weaker than Friday’s level but still stronger than what analysts had expected.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.61%   gave up early gains and was last about flat, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.41%   gained 0.7%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.71%   advanced 0.4%, while Taiwan’s Taiex /zigman2/quotes/210597977/delayed TW:Y9999 +0.46%   was about flat and Indonesia’s JSX Composite /zigman2/quotes/210597981/delayed ID:JAKIDX +0.19%   declined slightly. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.27%   was little changed. Markets in Japan and Singapore were closed for holidays.

Among individual stocks, Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.86%   and Tencent /zigman2/quotes/204605823/delayed HK:700 +0.67%   rose in Hong Kong, while HSBC /zigman2/quotes/202687335/delayed HK:5 +0.25%   fell. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.20%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +1.48%   gained in South Korea, while Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -0.87%   slid in Australia.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,664.28
+160.35 +0.61%
Volume: 1.69M
Oct. 16, 2019 4:09p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,978.71
-12.33 -0.41%
Volume: 14.99B
Oct. 16, 2019 3:01p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,082.83
+14.66 +0.71%
Volume: 524,545
Oct. 16, 2019 6:03p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,162.83
+51.03 +0.46%
Volume: 0.00
Oct. 16, 2019 1:33p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,169.59
+11.43 +0.19%
Volume: 0.00
Oct. 16, 2019 4:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,736.50
+84.50 +1.27%
Volume: 626,764
Oct. 16, 2019 5:57p
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 115.00
-1.00 -0.86%
Volume: 4.04M
Oct. 16, 2019 4:08p
P/E Ratio
39.99
Dividend Yield
0.58%
Market Cap
HK$127.24 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 331.00
+2.20 +0.67%
Volume: 13.95M
Oct. 16, 2019 4:08p
P/E Ratio
30.94
Dividend Yield
0.30%
Market Cap
HK$3118.64 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 60.10
+0.15 +0.25%
Volume: 16.76M
Oct. 16, 2019 4:08p
P/E Ratio
10.99
Dividend Yield
6.66%
Market Cap
HK$1214.60 billion
Rev. per Employee
HK$2.88M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
50,700.00
+600.00 +1.20%
Volume: 9.14M
Oct. 16, 2019 3:30p
P/E Ratio
10.94
Dividend Yield
2.79%
Market Cap
₩340313.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
82,400.00
+1,200 +1.48%
Volume: 2.44M
Oct. 16, 2019 3:30p
P/E Ratio
5.85
Dividend Yield
1.82%
Market Cap
₩55540.90 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 89.81
-0.79 -0.87%
Volume: 1.30M
Oct. 16, 2019 4:10p
P/E Ratio
8.18
Dividend Yield
9.99%
Market Cap
$147.63 billion
Rev. per Employee
$1.14M
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.