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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 +1.51%   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 -0.73%   rose 0.5%, and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.11%   — which fell more than 5% Monday — rebounded to close up 0.7% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.39%   rose 0.7%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.79%   fell 0.9%, while benchmark indexes in Taiwan  , Singapore /zigman2/quotes/210597985/delayed SG:STI -2.17%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.06%   rose. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.77%   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 -0.61%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.41%   advanced in Tokyo trading, while robotics maker Fanuc /zigman2/quotes/202054799/delayed JP:6954 +0.95%  and Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +2.92%   fell. In Hong Kong, CNOOC /zigman2/quotes/203421416/delayed HK:883 -0.58%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.86%   rose, while food processor WH Group /zigman2/quotes/204247792/delayed HK:288 -1.25%   declined amid a deadly swine fever that is devastating China’s pork industry. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.10%   slipped in South Korea, and Foxconn /zigman2/quotes/204111604/delayed TW:2354 -0.75%   rose in Taiwan. BHP /zigman2/quotes/201448516/delayed AU:BHP +0.90%   and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +2.06%   advanced in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
20,695.10
+306.94 +1.51%
Volume: 0.00
May 25, 2020 2:52p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,762.01
-168.13 -0.73%
Volume: 1.08M
May 25, 2020 1:57p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,810.67
-3.09 -0.11%
Volume: 13.22B
May 25, 2020 1:57p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,745.65
-6.77 -0.39%
Volume: 18.51B
May 25, 2020 1:57p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
1,985.69
+15.56 +0.79%
Volume: 578,538
May 25, 2020 2:52p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,499.83
-55.51 -2.17%
Volume: 0.00
May 22, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,545.95
-2.70 -0.06%
Volume: 0.00
May 20, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,594.20
+97.20 +1.77%
Volume: 527,977
May 25, 2020 3:52p
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,732.00
-41.00 -0.61%
Volume: 3.28M
May 25, 2020 2:52p
P/E Ratio
14.61
Dividend Yield
0.67%
Market Cap
¥8264.15 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,588.00
-19.00 -0.41%
Volume: 18.42M
May 25, 2020 2:52p
P/E Ratio
30.78
Dividend Yield
0.96%
Market Cap
¥9527.24 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 18,095.00
+170.00 +0.95%
Volume: 304,100
May 25, 2020 2:52p
P/E Ratio
47.40
Dividend Yield
N/A
Market Cap
¥3438.48 billion
Rev. per Employee
¥95.87M
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 54,550.00
+1,550 +2.92%
Volume: 766,000
May 25, 2020 2:52p
P/E Ratio
37.43
Dividend Yield
0.88%
Market Cap
¥5410.38 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 8.57
-0.05 -0.58%
Volume: 26.68M
May 25, 2020 1:57p
P/E Ratio
5.53
Dividend Yield
9.10%
Market Cap
HK$384.86 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 104.10
-0.90 -0.86%
Volume: 4.82M
May 25, 2020 1:57p
P/E Ratio
25.34
Dividend Yield
0.78%
Market Cap
HK$115.17 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/204247792/delayed
HK : Hong Kong
HK$ 6.32
-0.08 -1.25%
Volume: 25.08M
May 25, 2020 1:56p
P/E Ratio
8.15
Dividend Yield
4.98%
Market Cap
HK$94.26 billion
Rev. per Employee
HK$1.61M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
48,700.00
-50.00 -0.10%
Volume: 11.90M
May 25, 2020 2:52p
P/E Ratio
15.54
Dividend Yield
2.91%
Market Cap
₩331143.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 53.20
-0.40 -0.75%
Volume: 1.79M
May 25, 2020 1:30p
P/E Ratio
11.05
Dividend Yield
4.70%
Market Cap
NT$75.82 billion
Rev. per Employee
NT$888.52M
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 34.63
+0.31 +0.90%
Volume: 3.00M
May 25, 2020 3:52p
P/E Ratio
12.96
Dividend Yield
6.15%
Market Cap
$173.55 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.61
+0.03 +2.06%
Volume: 6.60M
May 25, 2020 3:52p
P/E Ratio
6.43
Dividend Yield
1.24%
Market Cap
$3.60 billion
Rev. per Employee
N/A
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