Bulletin
Investor Alert

New York Markets Open in:

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 +0.25%   slipped 0.2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.06%   retreated 0.4%, as continued pro-democracy protests disrupted airport traffic. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.05%   rose 0.7% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.11%    jumped 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.20%  advanced 0.1%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.04%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.97%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.02%   pulled back. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.04%   was down 0.1%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 +0.85%   rose in Tokyo trading, while Mazda Motor /zigman2/quotes/204777714/delayed JP:7261 -0.36%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.02%   fell. In Hong Kong, Tencent /zigman2/quotes/204605823/delayed HK:700 -1.45%   gained while Sino Land /zigman2/quotes/202960683/delayed HK:83 +1.33%   and Sands China /zigman2/quotes/207609245/delayed HK:1928 -0.68%   slid. Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.28%   gained in Australia while Woodside Petroleum /zigman2/quotes/203437212/delayed AU:WPL -0.75%   and Oil Search /zigman2/quotes/204702973/delayed AU:OSH -0.42%   fell.

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

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,548.90
+56.22 +0.25%
Volume: 0.00
Oct. 21, 2019 3:15p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,735.20
+15.62 +0.06%
Volume: 789,816
Oct. 21, 2019 3:32p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,939.62
+1.48 +0.05%
Volume: 13.25B
Oct. 21, 2019 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,614.87
-1.85 -0.11%
Volume: 20.99B
Oct. 21, 2019 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,064.84
+4.15 +0.20%
Volume: 600,282
Oct. 21, 2019 3:30p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,184.15
+3.93 +0.04%
Volume: 0.00
Oct. 21, 2019 1:33p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,144.46
+30.30 +0.97%
Volume: 0.00
Oct. 21, 2019 3:32p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,193.25
+1.30 +0.02%
Volume: 0.00
Oct. 21, 2019 2:37p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,652.50
+2.80 +0.04%
Volume: 506,428
Oct. 21, 2019 5:26p
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,064.00
+9.00 +0.85%
Volume: 6.18M
Oct. 21, 2019 3:00p
P/E Ratio
8.17
Dividend Yield
0.42%
Market Cap
¥1428.44 billion
Rev. per Employee
¥74.20M
loading...
/zigman2/quotes/204777714/delayed
JP : Japan: Tokyo
¥ 987.40
-3.60 -0.36%
Volume: 3.03M
Oct. 21, 2019 3:00p
P/E Ratio
12.94
Dividend Yield
3.54%
Market Cap
¥624.12 billion
Rev. per Employee
¥71.32M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,298.00
-1.00 -0.02%
Volume: 11.73M
Oct. 21, 2019 3:00p
P/E Ratio
4.21
Dividend Yield
1.02%
Market Cap
¥8901.82 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 326.20
-4.80 -1.45%
Volume: 9.55M
Oct. 21, 2019 3:32p
P/E Ratio
30.49
Dividend Yield
0.31%
Market Cap
HK$3139.51 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/202960683/delayed
HK : Hong Kong
HK$ 12.18
+0.16 +1.33%
Volume: 3.50M
Oct. 21, 2019 3:32p
P/E Ratio
11.81
Dividend Yield
4.52%
Market Cap
HK$81.94 billion
Rev. per Employee
HK$1.73M
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 36.40
-0.25 -0.68%
Volume: 1.89M
Oct. 21, 2019 3:32p
P/E Ratio
19.13
Dividend Yield
5.47%
Market Cap
HK$296.40 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 88.12
+0.25 +0.28%
Volume: 598,084
Oct. 21, 2019 4:10p
P/E Ratio
8.03
Dividend Yield
10.18%
Market Cap
$143.18 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 31.69
-0.24 -0.75%
Volume: 2.77M
Oct. 21, 2019 4:10p
P/E Ratio
17.13
Dividend Yield
5.69%
Market Cap
$30.04 billion
Rev. per Employee
$1.92M
loading...
/zigman2/quotes/204702973/delayed
AU : Australia: Sydney
$ 7.16
-0.03 -0.42%
Volume: 4.58M
Oct. 21, 2019 4:10p
P/E Ratio
18.53
Dividend Yield
2.71%
Market Cap
$10.96 billion
Rev. per Employee
$1.46M
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.