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Feb. 28, 2019, 7:44 a.m. EST

Asian markets slip after weak China data, no deal from U.S-North Korea summit

Nikkei slips, Kospi leads declines on summit woes

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By Associated Press and Marketwatch


Reuters
A Tokyo foreign exchange trader works Thursday.

Asian stocks mostly fell Thursday, with investors expressing disappointment after President Donald Trump’s summit with North Korean leader Kim Jong Un ended abruptly with no deal, while China data also pressured those markets.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.74%  closed down 0.8%, while Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +1.66%   fell 0.4%. In mainland China, the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.40%   closed 0.4% lower after disappointing factory-activity data, while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.22%   rose about 0.3%.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.43%   fell close to 1.8%, weighed by falling tech stocks. Losses intensified after news that a U.S.-North Korea summit aimed at reducing the latter’s nuclear weapons program, ended without a disarmament deal due to a disagreement over sanctions. At a press conference, Trump said his counterpart wanted all sanctions lifted, but “we couldn’t do that.”

Meanwhile in China, data showed factory activity fell to the lowest level in three years, to 49.2 in February from 49.5 in January. The index has been in contraction territory — a reading below 50 — for three months in a row.

Among individual stocks, robotics maker Fanuc /zigman2/quotes/202054799/delayed JP:6954 +1.66%   fell in Tokyo trading, while oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 +1.35%   gained. AIA Group /zigman2/quotes/203565558/delayed HK:1299 +0.85%   and HSBC /zigman2/quotes/202687335/delayed HK:5 +4.25%   rose in Hong Kong, while Apple /zigman2/quotes/202934861/composite AAPL +2.35%   supplier AAC /zigman2/quotes/201441510/delayed HK:2018 +3.95%   continued its losing streak. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.65%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +3.08%  slumped in Korea, following a decline in U.S. semiconductor stocks. Mining giant Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.20%   and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.79%   gained in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,863.73
+167.99 +0.74%
Volume: 0.00
June 5, 2020 3:00p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,770.41
+404.11 +1.66%
Volume: 2.40M
June 5, 2020 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,930.80
+11.55 +0.40%
Volume: 21.74B
June 5, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,856.61
+4.07 +0.22%
Volume: 34.25B
June 5, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,181.87
+30.69 +1.43%
Volume: 854,591
June 5, 2020 3:30p
loading...
/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 19,955.00
+325.00 +1.66%
Volume: 832,900
June 5, 2020 3:00p
P/E Ratio
52.27
Dividend Yield
N/A
Market Cap
¥3724.13 billion
Rev. per Employee
¥95.87M
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/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 766.00
+10.20 +1.35%
Volume: 7.63M
June 5, 2020 3:00p
P/E Ratio
9.65
Dividend Yield
3.13%
Market Cap
¥1103.62 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 71.60
+0.60 +0.85%
Volume: 41.69M
June 5, 2020 4:08p
P/E Ratio
16.59
Dividend Yield
1.77%
Market Cap
HK$855.60 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 40.50
+1.65 +4.25%
Volume: 153.40M
June 5, 2020 4:08p
P/E Ratio
28.09
Dividend Yield
0.00%
Market Cap
HK$791.19 billion
Rev. per Employee
HK$2.88M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 329.90
+7.58 +2.35%
Volume: 23.87M
June 5, 2020 3:07p
P/E Ratio
25.89
Dividend Yield
0.99%
Market Cap
$1397.04 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 43.40
+1.65 +3.95%
Volume: 16.55M
June 5, 2020 4:08p
P/E Ratio
20.94
Dividend Yield
0.92%
Market Cap
HK$50.45 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
55,500.00
+900.00 +1.65%
Volume: 22.74M
June 5, 2020 3:30p
P/E Ratio
17.71
Dividend Yield
2.55%
Market Cap
₩370880.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
90,400.00
+2,700 +3.08%
Volume: 4.00M
June 5, 2020 3:30p
P/E Ratio
39.68
Dividend Yield
1.11%
Market Cap
₩59986.90 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 98.60
+0.20 +0.20%
Volume: 1.28M
June 5, 2020 4:10p
P/E Ratio
14.06
Dividend Yield
6.67%
Market Cap
$159.03 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.71
+0.03 +1.79%
Volume: 14.61M
June 5, 2020 4:10p
P/E Ratio
6.80
Dividend Yield
1.17%
Market Cap
$3.82 billion
Rev. per Employee
N/A
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