Bulletin
Investor Alert

Asia Markets Archives | Email alerts

Sept. 1, 2019, 10:41 p.m. EDT

Asian markets mixed as latest U.S.-China tariffs take effect

Nikkei, Hang Seng slip, but stocks gain in mainland China

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
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)

or Cancel Already have a watchlist? Log In

By Marketwatch and Associated Press


Reuters
A worker gestures as a crane lifts goods for export onto a cargo vessel at a port in Lianyungang, China.

Asian markets were a mixed bag Monday as the latest round of tariff hikes in the U.S.-China trade war took effect.

U.S. tariffs on $112 billion of Chinese goods were raised from 10% to 15% effective Sunday, and China responded by raising tariffs on some U.S. goods. Additional tit-for-tat tariff hikes are scheduled to take effect Oct. 1 and Dec. 15. Many U.S. companies have warned that they will need to pass on the costs of the tariffs to consumers.

President Donald Trump told reporters Sunday that “We can’t allow China to rip us off anymore as a country,” but said trade negotiations with China were still set to resume this month.

Earlier this weekend, the official gauge of China’s factory activity showed sluggish output for a fourth straight month. The manufacturing purchasing managers index edged down to 49.5 in August from 49.7 in July, according to China’s National Bureau of Statistics, lower than economists’ median forecast of 49.6, the Wall Street Journal reported. Readings below 50 indicate a contraction in factory activity.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -2.53%   slipped 0.2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -2.67%   retreated 0.4%, as continued pro-democracy protests disrupted airport traffic. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.56%   rose 0.7% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.20%    jumped 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.47%  advanced 0.1%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -1.61%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -1.72%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -2.06%   pulled back. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.73%   was down 0.1%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 -2.52%   rose in Tokyo trading, while Mazda Motor /zigman2/quotes/204777714/delayed JP:7261 -2.67%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -5.19%   fell. In Hong Kong, Tencent /zigman2/quotes/204605823/delayed HK:700 -3.01%   gained while Sino Land /zigman2/quotes/202960683/delayed HK:83 -2.52%   and Sands China /zigman2/quotes/207609245/delayed HK:1928 -7.20%   slid. Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -2.25%   gained in Australia while Woodside Petroleum /zigman2/quotes/203437212/delayed AU:WPL -5.10%   and Oil Search /zigman2/quotes/204702973/delayed AU:OSH -5.45%   fell.

U.S. markets are closed Monday for the Labor Day holiday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,751.62
-747.66 -2.53%
Volume: 0.00
Nov. 26, 2021 3:15p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,080.52
-659.64 -2.67%
Volume: 1.80M
Nov. 26, 2021 4:09p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,564.09
-20.09 -0.56%
Volume: 30.10B
Nov. 26, 2021 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,507.15
-5.07 -0.20%
Volume: 44.13B
Nov. 26, 2021 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,936.44
-43.83 -1.47%
Volume: 595,597
Nov. 26, 2021 3:30p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
17,369.39
-284.80 -1.61%
Volume: 0.00
Nov. 26, 2021 1:33p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,166.27
-55.25 -1.72%
Volume: 0.00
Nov. 26, 2021 5:20p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,561.55
-137.79 -2.06%
Volume: 0.00
Nov. 26, 2021 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,279.30
-128.00 -1.73%
Volume: 577,169
Nov. 26, 2021 5:17p
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,200.00
-31.00 -2.52%
Volume: 8.48M
Nov. 26, 2021 3:00p
P/E Ratio
N/A
Dividend Yield
0.38%
Market Cap
¥1896.73 billion
Rev. per Employee
¥61.05M
loading...
/zigman2/quotes/204777714/delayed
JP : Japan: Tokyo
¥ 1,022.00
-28.00 -2.67%
Volume: 3.36M
Nov. 26, 2021 3:00p
P/E Ratio
7.55
Dividend Yield
1.47%
Market Cap
¥643.72 billion
Rev. per Employee
¥57.89M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,336.00
-347.00 -5.19%
Volume: 21.74M
Nov. 26, 2021 3:00p
P/E Ratio
3.80
Dividend Yield
0.00%
Market Cap
¥10854.28 billion
Rev. per Employee
¥202.77M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 463.40
-14.40 -3.01%
Volume: 32.89M
Nov. 26, 2021 4:08p
P/E Ratio
19.97
Dividend Yield
0.35%
Market Cap
$4394.03 billion
Rev. per Employee
$10.55M
loading...
/zigman2/quotes/202960683/delayed
HK : Hong Kong
$ 9.67
-0.25 -2.52%
Volume: 7.16M
Nov. 26, 2021 4:08p
P/E Ratio
7.37
Dividend Yield
5.69%
Market Cap
$71.52 billion
Rev. per Employee
$3.49M
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
$ 19.72
-1.53 -7.20%
Volume: 34.29M
Nov. 26, 2021 4:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$159.60 billion
Rev. per Employee
$305,069
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 94.46
-2.17 -2.25%
Volume: 1.38M
Nov. 26, 2021 4:10p
P/E Ratio
6.18
Dividend Yield
13.52%
Market Cap
$141.06 billion
Rev. per Employee
$1.36M
loading...
/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 21.60
-1.16 -5.10%
Volume: 4.64M
Nov. 26, 2021 4:10p
P/E Ratio
44.25
Dividend Yield
2.61%
Market Cap
$20.90 billion
Rev. per Employee
$1.42M
loading...
/zigman2/quotes/204702973/delayed
AU : Australia: Sydney
$ 3.99
-0.23 -5.45%
Volume: 6.67M
Nov. 26, 2021 4:10p
P/E Ratio
79.80
Dividend Yield
0.00%
Market Cap
$8.29 billion
Rev. per Employee
$1.22M
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.