Asian markets mixed as investors process Fed’s outlook

By Marketwatch and Associated Press

Reuters

Tencent shares fell only slightly in Hong Kong on Friday despite a massive drop in quarterly profit.

Asian markets were mixed in early trading Friday, as investors pondered the effects of the U.S. Federal Reserve’s more dovish stance.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.51%   fell 0.2% and Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +2.70%   slipped 0.4%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.95%   dropped 0.5% while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.29%   decline 0.2%. Benchmark indexes in Taiwan  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.68%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.28%   were up slight. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.82%   was the region’s biggest gainer, up 0.6%.

Among individual stocks, Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +0.24%  and Sony /zigman2/quotes/201361720/delayed JP:6758 -0.13%  fell in Tokyo trading, while SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 +2.12%   advanced. Property and casino stocks rose in Hong Kong while PetroChina /zigman2/quotes/204979431/delayed HK:857 +2.94%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +2.40%   were among the biggest decliners. Tencent /zigman2/quotes/204605823/delayed HK:700 +3.58%   fell only slightly after reporting a worst-ever 32% drop in quarterly profit. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.48%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +1.73%   rose in South Korea. Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG +5.69%  and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -0.31%   jumped in Australia.

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NIKKEI 225 Index

JP : Nikkei

29,559.10

+150.93 +0.51%

Volume: 0.00

March 3, 2021 3:15p

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Hang Seng Index

HK : Hong Kong Exchange

29,880.42

+784.56 +2.70%

Volume: 3.23M

March 3, 2021 4:08p

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Shanghai Composite Index

CN : China: Shanghai

3,576.90

+68.31 +1.95%

Volume: 34.77B

March 3, 2021 3:01p

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KOSPI Composite Index

KR : Korea Exchange

3,082.99

+39.12 +1.29%

Volume: 2.21M

March 3, 2021 3:30p

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FTSE Straits Times Index

SG : Singapore: SGX

2,994.03

+20.16 +0.68%

Volume: 0.00

March 3, 2021 4:47p

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JSX Composite Index

ID : Indonesia Stock Exchange

6,376.76

+17.55 +0.28%

Volume: 0.00

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S&P/ASX 200 Benchmark Index

AU : S&P ASX

6,818.00

+55.70 +0.82%

Volume: 591,222

March 3, 2021 5:58p

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Add to watchlist JP:9983

Fast Retailing Co. Ltd.

JP : Japan: Tokyo

¥ 104,950

+250.00 +0.24%

Volume: 546,500

March 3, 2021 3:00p

P/E Ratio

119.51

Dividend Yield

0.46%

Market Cap

¥11013.17 billion

Rev. per Employee

¥34.80M

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Sony Corp.

JP : Japan: Tokyo

¥ 11,330.00

-15.00 -0.13%

Volume: 3.45M

March 3, 2021 3:00p

P/E Ratio

13.14

Dividend Yield

0.49%

Market Cap

¥14101.01 billion

Rev. per Employee

¥73.75M

/zigman2/quotes/207303954/delayed

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SoftBank Group Corp.

JP : Japan: Tokyo

¥ 10,600.00

+220.00 +2.12%

Volume: 8.92M

March 3, 2021 3:00p

P/E Ratio

13.71

Dividend Yield

0.00%

Market Cap

¥18800.16 billion

Rev. per Employee

¥76.45M

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PetroChina Co. Ltd.

HK : Hong Kong

HK$ 2.80

+0.08 +2.94%

Volume: 112.71M

March 3, 2021 4:08p

P/E Ratio

24.26

Dividend Yield

5.16%

Market Cap

HK$908.68 billion

Rev. per Employee

HK$5.79M

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Sunny Optical Technology Group Co. Ltd.

HK : Hong Kong

HK$ 204.40

+4.80 +2.40%

Volume: 3.63M

March 3, 2021 4:08p

P/E Ratio

46.88

Dividend Yield

0.40%

Market Cap

HK$219.04 billion

Rev. per Employee

HK$2.13M

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Tencent Holdings Ltd.

HK : Hong Kong

HK$ 723.00

+25.00 +3.58%

Volume: 18.29M

March 3, 2021 4:08p

P/E Ratio

51.51

Dividend Yield

0.17%

Market Cap

HK$6630.61 billion

Rev. per Employee

HK$6.80M

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Samsung Electronics Co. Ltd.

KR : S. Korea: KRX

₩ 84,000.00

+400.00 +0.48%

Volume: 17.90M

March 3, 2021 3:30p

P/E Ratio

21.87

Dividend Yield

1.69%

Market Cap

₩552413.27 billion

Rev. per Employee

N/A

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SK Hynix Inc.

KR : S. Korea: KRX

₩ 147,000

+2,500 +1.73%

Volume: 5.66M

March 3, 2021 3:30p

P/E Ratio

21.15

Dividend Yield

0.80%

Market Cap

₩96786.26 billion

Rev. per Employee

N/A

/zigman2/quotes/202351558/delayed

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Fortescue Metals Group Ltd.

AU : Australia: Sydney

$ 22.84

+1.23 +5.69%

Volume: 11.48M

March 3, 2021 4:10p

P/E Ratio

7.73

Dividend Yield

10.81%

Market Cap

$69.79 billion

Rev. per Employee

$1.37M

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Beach Energy Ltd.

AU : Australia: Sydney

$ 1.63

-0.0050 -0.31%

Volume: 5.66M

March 3, 2021 4:10p

P/E Ratio

10.62

Dividend Yield

1.23%

Market Cap

$3.84 billion

Rev. per Employee

N/A