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Aug. 15, 2019, 11:33 p.m. EDT

Asian markets mixed after conflicting trade messages from China

Nikkei, Hang Seng recover from morning losses

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By Marketwatch and Associated Press


Bloomberg News
A cargo ship sails out of the Yangshan Deepwater Port in Shanghai, China.

Asian markets were mixed in early trading Friday, after China threatened to retaliate if the Trump administration goes ahead with its latest tariff threats, yet still held out hopes for a trade deal.

Beijing will take unspecified “necessary countermeasures,” China’s Cabinet said in a one-sentence statement. It gave no details or any indication plans for trade talks in Washington in September might be affected.

President Donald Trump has said he plans to impose 10% tariffs on an additional $300 billion of Chinese imports starting Sept. 1, extending penalties to almost everything the United States buys from China. The Chinese announcement made no mention of Trump’s decision Wednesday to postpone penalties on about 60% of those goods until Dec. 15.

Still, officials from China’s foreign ministry later said they hope a trade deal will still be worked out, and said Trump and President Xi Jinping have remained in contact.

Meanwhile, investors were keeping an eye on U.S. bonds. The the 30-year Treasury yield /zigman2/quotes/211347052/realtime BX:TMUBMUSD30Y 0.00%   fell to an all-time low Thursday, while the yield on the benchmark 10-year note /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y 0.00%   hit a three-year low.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.23%   recovered from an early dip and was last about flat, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.07%   advanced 0.5%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.43%   gained 0.5% while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.82%   rose 0.6%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.02%   fell 0.9%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.13%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.65%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.56%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.36%   slipped 0.1%.

Among individual stocks, Screen Holdings /zigman2/quotes/200599327/delayed JP:7735 +1.35%   and Inpex /zigman2/quotes/206689846/delayed JP:1605 -0.79%   rose in Tokyo trading, while robotics maker Fanuc /zigman2/quotes/202054799/delayed JP:6954 -0.14%   fell. In Hong Kong, Ping An Insurance /zigman2/quotes/210315058/delayed HK:2318 +0.56%   and New World Development /zigman2/quotes/202357413/delayed HK:17 +1.59%   gained, while Tencent /zigman2/quotes/204605823/delayed HK:700 +1.70%   slipped. SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +2.28%   and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +0.29%   declined in South Korea, and Foxconn /zigman2/quotes/204111604/delayed TW:2354 -0.30%   advanced in Taiwan. In Australia, Oil Search /zigman2/quotes/200513631/delayed AU:BPT +3.75%   sank while Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG -0.60%   jumped.

China’s central bank set the daily midpoint for the yuan at 7.0312 per U.S. dollar, the seventh consecutive session it’s been set weaker than the 7 level.

/zigman2/quotes/211347052/realtime
add Add to watchlist BX:TMUBMUSD30Y
BX : Tullett Prebon
2.28
0.00 0.00%
Volume: 0.00
Dec. 6, 2019 4:59p
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.84
0.00 0.00%
Volume: 0.00
Dec. 6, 2019 4:59p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
23,354.40
+54.31 +0.23%
Volume: 0.00
Dec. 6, 2019 3:15p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,498.37
+281.33 +1.07%
Volume: 1.64M
Dec. 6, 2019 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,912.01
+12.55 +0.43%
Volume: 13.41B
Dec. 6, 2019 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,640.33
+13.36 +0.82%
Volume: 22.84B
Dec. 6, 2019 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,081.85
+21.11 +1.02%
Volume: 440,188
Dec. 6, 2019 6:01p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,609.64
+14.99 +0.13%
Volume: 0.00
Dec. 6, 2019 1:33p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,194.71
+20.52 +0.65%
Volume: 0.00
Dec. 6, 2019 5:20p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,186.87
+34.75 +0.56%
Volume: 0.00
Dec. 6, 2019 4:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,707.00
+24.00 +0.36%
Volume: 459,318
Dec. 6, 2019 5:09p
loading...
/zigman2/quotes/200599327/delayed
JP : Japan: Tokyo
¥ 7,490.00
+100.00 +1.35%
Volume: 612,900
Dec. 6, 2019 3:00p
P/E Ratio
34.03
Dividend Yield
1.30%
Market Cap
¥349.55 billion
Rev. per Employee
¥63.00M
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 1,064.50
-8.50 -0.79%
Volume: 3.87M
Dec. 6, 2019 3:00p
P/E Ratio
11.82
Dividend Yield
2.54%
Market Cap
¥1554.38 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 21,090.00
-30.00 -0.14%
Volume: 386,400
Dec. 6, 2019 3:00p
P/E Ratio
36.19
Dividend Yield
N/A
Market Cap
¥4047.26 billion
Rev. per Employee
¥95.87M
loading...
/zigman2/quotes/210315058/delayed
HK : Hong Kong
HK$ 89.80
+0.50 +0.56%
Volume: 14.79M
Dec. 6, 2019 4:08p
P/E Ratio
9.51
Dividend Yield
2.36%
Market Cap
HK$1636.40 billion
Rev. per Employee
HK$3.35M
loading...
/zigman2/quotes/202357413/delayed
HK : Hong Kong
HK$ 10.20
+0.16 +1.59%
Volume: 11.08M
Dec. 6, 2019 4:08p
P/E Ratio
5.74
Dividend Yield
5.00%
Market Cap
HK$104.35 billion
Rev. per Employee
HK$1.84M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 335.60
+5.60 +1.70%
Volume: 15.64M
Dec. 6, 2019 4:08p
P/E Ratio
32.71
Dividend Yield
0.30%
Market Cap
HK$3180.14 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
80,600.00
+1,800 +2.28%
Volume: 3.05M
Dec. 6, 2019 3:30p
P/E Ratio
9.97
Dividend Yield
1.86%
Market Cap
₩55130.50 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
70,200.00
+200.00 +0.29%
Volume: 272,392
Dec. 6, 2019 3:30p
P/E Ratio
17.16
Dividend Yield
1.07%
Market Cap
₩12640.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 67.30
-0.20 -0.30%
Volume: 3.14M
Dec. 6, 2019 1:30p
P/E Ratio
10.59
Dividend Yield
4.75%
Market Cap
NT$95.20 billion
Rev. per Employee
NT$888.52M
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.49
+0.09 +3.75%
Volume: 6.58M
Dec. 6, 2019 4:10p
P/E Ratio
9.85
Dividend Yield
0.80%
Market Cap
$5.67 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 9.91
-0.06 -0.60%
Volume: 7.67M
Dec. 6, 2019 4:10p
P/E Ratio
6.84
Dividend Yield
4.34%
Market Cap
$30.60 billion
Rev. per Employee
N/A
loading...

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