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May 7, 2019, 10:01 a.m. EDT

China stocks bounce back, Nikkei stumbles as traders weigh U.S.-China trade dispute

Markets calmer after Monday’s plunge; Nikkei slips after 10-day layoff

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By Marketwatch


Bloomberg News
Shipping containers are seen at Hong Kong’s International Terminal. The U.S. said Monday it would raise tariffs on $200 billion in Chinese goods on Friday.

Asian stock markets finished mostly higher Tuesday, with the exception of Japan and Korean equities, as traders weighed the latest development in the ongoing trade dispute between the U.S. and China.

U.S. Trade Representative Robert Lighthizer said Monday that China was “reneging” on its commitments after months of trade negotiations, and that the U.S. would follow through with President Donald Trump’s threats and raise tariffs on $200 billion in Chinese goods to 25% from 10% on Friday. But hopes of an imminent trade deal remained, as China is still expected to send a delegation to Washington this week for what could be a final round of talks, starting Thursday — a day later than originally planned.

The escalating trade tensions sent Asian markets plunging Monday, and Wall Street started the day similarly, but rebounded and ended the trading day with just slight losses.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.35%   fell 1.6% as it resumed trading after a 10-day national holiday for the installation of a new emperor. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.49%   rose 0.5%, and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.40%   — which fell more than 5% Monday — rebounded to close up 0.7% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.70%   rose 0.7%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.14%   fell 0.9%, while benchmark indexes in Taiwan  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.26%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.39%   rose. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.24%   gained 0.1%.

In Asia, indexes performed better after China’s Commerce Ministry said Vice Premier Liu He will visit Washington to continue trade talks on Thursday and Friday. The move comes after initial reports suggested the talks could be delayed or canceled altogether. Gains for Asia came despite indications U.S. stocks were in for another losing session, with stock futures lower.

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 -0.77%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 +0.25%   advanced in Tokyo trading, while robotics maker Fanuc /zigman2/quotes/202054799/delayed JP:6954 -1.28%  and Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 -0.84%   fell. In Hong Kong, CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.39%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -3.22%   rose, while food processor WH Group /zigman2/quotes/204247792/delayed HK:288 +0.46%   declined amid a deadly swine fever that is devastating China’s pork industry. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.65%   slipped in South Korea, and Foxconn /zigman2/quotes/204111604/delayed TW:2354 +0.20%   rose in Taiwan. BHP /zigman2/quotes/201448516/delayed AU:BHP -0.79%   and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +0.29%   advanced in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,283.03
-100.06 -0.35%
Volume: 0.00
Nov. 25, 2022 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
17,573.58
-87.32 -0.49%
Volume: 3.18M
Nov. 25, 2022 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,101.69
+12.38 +0.40%
Volume: 31.14B
Nov. 25, 2022 3:00p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,984.18
-13.96 -0.70%
Volume: 36.90B
Nov. 25, 2022 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,437.86
-3.47 -0.14%
Volume: 438,394
Nov. 25, 2022 3:30p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,244.55
-8.33 -0.26%
Volume: 0.00
Nov. 25, 2022 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
7,053.15
-27.37 -0.39%
Volume: 0.00
Nov. 25, 2022 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,259.50
+17.70 +0.24%
Volume: 552,057
Nov. 25, 2022 4:55p
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 11,600.00
-90.00 -0.77%
Volume: 1.85M
Nov. 25, 2022 3:00p
P/E Ratio
15.40
Dividend Yield
0.60%
Market Cap
¥14387.33 billion
Rev. per Employee
¥95.12M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,079.00
+15.00 +0.25%
Volume: 9.88M
Nov. 25, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥9595.38 billion
Rev. per Employee
¥121.97M
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/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 20,480.00
-265.00 -1.28%
Volume: 491,100
Nov. 25, 2022 3:00p
P/E Ratio
24.40
Dividend Yield
2.46%
Market Cap
¥3928.55 billion
Rev. per Employee
¥91.95M
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 79,890.00
-680.00 -0.84%
Volume: 428,500
Nov. 25, 2022 3:00p
P/E Ratio
29.91
Dividend Yield
0.85%
Market Cap
¥8161.58 billion
Rev. per Employee
¥39.97M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
$ 10.24
+0.04 +0.39%
Volume: 47.87M
Nov. 25, 2022 4:08p
P/E Ratio
3.57
Dividend Yield
6.84%
Market Cap
$467.80 billion
Rev. per Employee
$20.34M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 87.10
-2.90 -3.22%
Volume: 3.34M
Nov. 25, 2022 4:08p
P/E Ratio
21.55
Dividend Yield
1.28%
Market Cap
$95.32 billion
Rev. per Employee
$1.70M
loading...
/zigman2/quotes/204247792/delayed
HK : Hong Kong
$ 4.41
+0.02 +0.46%
Volume: 7.88M
Nov. 25, 2022 4:08p
P/E Ratio
6.24
Dividend Yield
4.31%
Market Cap
$56.58 billion
Rev. per Employee
$2.00M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
61,000.00
-400.00 -0.65%
Volume: 6.68M
Nov. 25, 2022 3:30p
P/E Ratio
9.90
Dividend Yield
2.37%
Market Cap
₩409909.25 billion
Rev. per Employee
₩2.72B
loading...
/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 49.95
+0.10 +0.20%
Volume: 1.94M
Nov. 25, 2022 1:30p
P/E Ratio
16.57
Dividend Yield
3.40%
Market Cap
NT$70.65 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 44.20
-0.35 -0.79%
Volume: 5.60M
Nov. 25, 2022 4:11p
P/E Ratio
7.14
Dividend Yield
10.48%
Market Cap
$223.87 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.76
+0.0050 +0.29%
Volume: 2.36M
Nov. 25, 2022 4:11p
P/E Ratio
8.00
Dividend Yield
1.14%
Market Cap
$4.00 billion
Rev. per Employee
N/A
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