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Oct. 21, 2019, 12:01 a.m. EDT

Asian markets mixed amid uncertainties on Brexit, U.S.-China trade

Nikkei, Hang Seng edge up in lackluster trade

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By Associated Press and Marketwatch


Reuters
Newly manufactured cars await export at port in Yokohama, Japan. Data showed Japanese exports fell 5.2% from a year earlier in September.

TOKYO — Asian shares were mixed Monday amid uncertainties about Britain’s exit from the European Union and the ongoing trade conflict between the U.S. and China.

Japan’s benchmark Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.70%   gained nearly 0.3% in early trading. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.07%   picked up 0.2%, while Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +0.01%   added 0.3%. The S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.87%   in Australia lost 0.1, while the Shanghai Composite slipped 0.1% /zigman2/quotes/210598127/delayed CN:SHCOMP -0.64%  . Shares fell in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.66%   and were mixed in Southeast Asia.

Among individual stocks, Nissan /zigman2/quotes/208298710/delayed JP:7201 -0.70%   fell in Tokyo trading while Rakuten /zigman2/quotes/201861450/delayed JP:4755 +0.64%  and Mitsubishi UFJ /zigman2/quotes/207520099/delayed JP:8306 +0.78%   gained. In Hong Kong, China Life Insurance /zigman2/quotes/202359856/delayed HK:2628 -0.24%   and AIA /zigman2/quotes/203565558/delayed HK:1299 +0.79%   rose while Tencent /zigman2/quotes/204605823/delayed HK:700 +0.06%   fell. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.70%   inched up in South Korea, while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.28%   sank in Australia.

British Prime Minister Boris Johnson is trying to win over rebellious lawmakers in time to meet the Oct. 31 Brexit deadline for the UK’s exit from the 28-nation European Union.

A vote over the weekend ended with an amendment that delays the proposed deal, leaving the situation uncertain. And EU officials have not yet responded to Johnson’s reluctant request for an extension of the month’s end deadline.

“The can is not kicked far down the road with UK Prime Minister Boris Johnson expected to seek a new ‘meaningful vote’ on his deal as soon as Monday with the countdown to the Brexit deadline,” Jingyi Pan of IG said in a commentary.

Meanwhile, Japan reported that its exports fell 5.2% from a year earlier in September while imports slipped 1.5%. The resulting deficit of 123 billion yen ($1.1 billion) reflected weak exports to China, South Korea and other Asian countries, customs data showed.

The mixed performance to start the week is a continuation of the wobbles that ended last week, when the S&P 500 index logged its second straight weekly gain even though stock indexes ended lower on Friday.

Technology companies led the slide, which erased the major U.S. indexes’ gains from the day before. Communication services, industrials and health care stocks also fell, outweighing gains in real estate companies, banks and elsewhere in the market.

Investors are focusing on company earnings reports, searching for a clearer picture on the impact that the trade war between the U.S. and China is having on corporate profits and the broader economy.

The S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.95%   fell 0.4% on Friday to 2,986.20. The index is just 1.3% below its all-time high set in late July.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.80%   dropped 1% to 26,770.20 and the Nasdaq /zigman2/quotes/210598365/realtime COMP +0.73%   lost 0.8%, to 8,089.54.

Uncertainty over the standoff between Beijing and Washington has been roiling markets. Negotiators reached a truce last week that kept the conflict over trade and technology from escalating further, but both sides still have many issues to work out before reaching a substantive deal.

Benchmark crude oil   dipped 10 cents to $53.68 a barrel in electronic trading on the New York Mercantile Exchange. It fell 15 cents to $53.78 a barrel Friday. Brent crude oil  , the international standard, dropped 20 cents to $59.22 a barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0496%   rose to 108.50 Japanese yen from 108.38 yen on Friday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,303.32
+161.77 +0.70%
Volume: 0.00
Nov. 15, 2019 3:15p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,162.18
+22.95 +1.07%
Volume: 556,246
Nov. 15, 2019 6:01p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,326.66
+2.97 +0.01%
Volume: 1.18M
Nov. 15, 2019 4:08p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,793.70
+58.60 +0.87%
Volume: 551,348
Nov. 15, 2019 5:17p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,891.34
-18.53 -0.64%
Volume: 13.55B
Nov. 15, 2019 3:01p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,525.60
+75.18 +0.66%
Volume: 0.00
Nov. 15, 2019 1:33p
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 681.50
-4.80 -0.70%
Volume: 18.32M
Nov. 15, 2019 3:00p
P/E Ratio
12.72
Dividend Yield
2.93%
Market Cap
¥2666.79 billion
Rev. per Employee
¥85.36M
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 939.00
+6.00 +0.64%
Volume: 8.97M
Nov. 15, 2019 3:00p
P/E Ratio
67.57
Dividend Yield
0.48%
Market Cap
¥1272.84 billion
Rev. per Employee
¥74.20M
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/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 582.50
+4.50 +0.78%
Volume: 44.38M
Nov. 15, 2019 3:00p
P/E Ratio
8.00
Dividend Yield
4.29%
Market Cap
¥7529.59 billion
Rev. per Employee
¥50.52M
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/zigman2/quotes/202359856/delayed
HK : Hong Kong
HK$ 20.50
-0.05 -0.24%
Volume: 22.86M
Nov. 15, 2019 4:08p
P/E Ratio
10.27
Dividend Yield
0.89%
Market Cap
HK$579.43 billion
Rev. per Employee
HK$7.60M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 77.00
+0.60 +0.79%
Volume: 16.21M
Nov. 15, 2019 4:08p
P/E Ratio
24.53
Dividend Yield
1.53%
Market Cap
HK$927.65 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 320.00
+0.20 +0.06%
Volume: 13.59M
Nov. 15, 2019 4:08p
P/E Ratio
29.91
Dividend Yield
0.31%
Market Cap
HK$3032.31 billion
Rev. per Employee
HK$8.27M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
53,700.00
+900.00 +1.70%
Volume: 9.70M
Nov. 15, 2019 3:30p
P/E Ratio
11.59
Dividend Yield
2.64%
Market Cap
₩364766.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.38
+0.03 +1.28%
Volume: 2.69M
Nov. 15, 2019 4:10p
P/E Ratio
9.42
Dividend Yield
0.84%
Market Cap
$5.42 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
3,120.46
+29.35 +0.95%
Volume: 0.00
Nov. 15, 2019 5:04p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
28,004.89
+222.93 +0.80%
Volume: 288.91M
Nov. 15, 2019 5:04p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,540.83
+61.81 +0.73%
Volume: 2.02M
Nov. 15, 2019 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
108.7460
-0.0540 -0.0496%
Volume: 0.0000
Nov. 15, 2019 4:59p
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