Bulletin
Investor Alert

Asia Markets Archives | Email alerts

Oct. 6, 2019, 11:26 p.m. EDT

Asian markets mixed ahead of renewed U.S.-China trade talks

Nikkei loses early gains, while Australian stocks rise

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
    S&P/ASX 200 Benchmark Index (XJO)
  • X
    KOSPI Composite Index (180721)

or Cancel Already have a watchlist? Log In

By Associated Press and Marketwatch


Getty Images
Pedestrians walk across the street in the Ginza district of Tokyo.

Asian shares were mixed Monday, following a healthy report on U.S. jobs, while investors cautiously awaited the upcoming trade talks between the U.S. and China.

Japan’s benchmark Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.75%   lost early gains to be down 0.3% in morning trading. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.81%   rose 0.5%, while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.17%   was about flat. Benchmarks indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +1.38%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +1.07%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.69%   rose slightly. Markets in Hong Kong and mainland China were closed for a holiday.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 -0.74%   gained in Tokyo trading, while Honda /zigman2/quotes/200490352/delayed JP:7267 +0.91%   and Mitsubishi UFJ /zigman2/quotes/207520099/delayed JP:8306 +1.12%   fell. LG Electronics /zigman2/quotes/209966407/delayed KR:066570 -0.47%   rose in South Korea while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -2.16%   and Woodside Petroleum /zigman2/quotes/203437212/delayed AU:WPL -0.80%   advanced in Australia.

Wall Street ended a choppy week of trading with a broad rally that drove the Dow Jones Industrial Average more than 370 points higher.

The gains Friday also gave the S&P 500 its best day in seven weeks, though the benchmark index still finished with its third straight weekly loss. The job market data for September showed the U.S. unemployment rate dropped to a five-decade low and employers were adding jobs at a healthy clip.

The S&P 500 /zigman2/quotes/210599714/realtime SPX +2.02%   rose 41.38 points, or 1.4%, to 2,952.01. The index finished the week with a 0.3% loss. The Dow /zigman2/quotes/210598065/realtime DJIA +1.34%   climbed 372.68 points, or 1.4%, to 26,573.72. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +2.76%   gained 110.21 points, also 1.4%, to 7,982.47.

If the job market can remain strong, it would allow U.S. households to keep spending. And that spending strength has been the hero for the economy recently, propping it up when slowing growth abroad poses a threat and President Donald Trump’s trade war with China saps exports and manufacturing.

The world’s two largest economies are set to talk again this week about trade. Markets have been quick to swing on any hint of movement in their dispute, which has dragged on manufacturing around the world, including Asia, and pushed CEOs to delay investments amid uncertainty.

Bloomberg News reported Sunday that Chinese officials have narrowed the scope of issues they will discuss at the trade talks, lessening the chances for a broad agreement.

Robert Carnell, chief economist and head of research Asia-Pacific at ING, noted some optimism about the trade talks but warned that past optimism was often misplaced.

“It looks as if we are back to considering the merits of a narrow trade deal today, as news stories break suggesting that China is not looking to make a broader trade deal along the lines it is reported the U.S. is seeking,” he said.

Benchmark U.S. crude   fell 11 cents to $52.50 a barrel. It rose 36 cents to settle at $52.81 per barrel Friday. Brent crude  , the international standard, slipped 22 66 cents to $58.15 per barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1523%   inched up to 106.78 yen from 106.77 yen Friday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
26,859.73
+199.98 +0.75%
Volume: 0.00
May 18, 2022 2:32p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,170.00
+57.50 +0.81%
Volume: 432,670
May 18, 2022 3:32p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,624.77
+4.33 +0.17%
Volume: 702,339
May 18, 2022 2:32p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
16,277.57
+221.48 +1.38%
Volume: 0.00
May 18, 2022 1:30p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,236.21
+34.32 +1.07%
Volume: 0.00
May 18, 2022 1:37p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,690.63
+46.17 +0.69%
Volume: 0.00
May 18, 2022 11:30a
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 800.00
-6.00 -0.74%
Volume: 7.39M
May 18, 2022 2:32p
P/E Ratio
N/A
Dividend Yield
0.56%
Market Cap
¥1270.10 billion
Rev. per Employee
¥59.51M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,205.00
+29.00 +0.91%
Volume: 3.88M
May 18, 2022 2:32p
P/E Ratio
7.80
Dividend Yield
3.74%
Market Cap
¥5472.30 billion
Rev. per Employee
¥68.85M
loading...
/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 725.10
+8.00 +1.12%
Volume: 36.87M
May 18, 2022 2:32p
P/E Ratio
7.52
Dividend Yield
4.41%
Market Cap
¥9131.42 billion
Rev. per Employee
¥38.39M
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
107,000
-500.00 -0.47%
Volume: 616,218
May 18, 2022 2:32p
P/E Ratio
18.67
Dividend Yield
0.79%
Market Cap
₩18458.51 billion
Rev. per Employee
₩2.14B
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.70
-0.04 -2.16%
Volume: 6.72M
May 18, 2022 3:32p
P/E Ratio
9.66
Dividend Yield
1.18%
Market Cap
$3.73 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 30.86
-0.25 -0.80%
Volume: 3.08M
May 18, 2022 3:32p
P/E Ratio
11.16
Dividend Yield
6.07%
Market Cap
$29.95 billion
Rev. per Employee
$2.52M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,088.85
+80.84 +2.02%
Volume: 2.46B
May 17, 2022 4:54p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
32,654.59
+431.17 +1.34%
Volume: 389.31M
May 17, 2022 4:54p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
11,984.52
+321.73 +2.76%
Volume: 4.44M
May 17, 2022 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
129.1580
-0.1970 -0.1523%
Volume: 0.0000
May 18, 2022 1:52a
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.