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Oct. 16, 2019, 11:11 p.m. EDT

Asian markets mixed as U.S.-China trade deal needs more time

Mnuchin hopes for final deal next month; property companies boost Hang Seng

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By Marketwatch and Associated Press


Bloomberg News
Residents walk past a residential construction site in the Yuen Long district of the New Territories in Hong Hong. Property developers’ stocks rallied Thursday.

Asian markets were mixed in early trading Thursday amid a report that there’s still a ways to go before the U.S. and China finalize a “phase one” limited trade deal.

U.S. Treasury Secretary Steve Mnuchin said ongoing negotiations are hoped to be wrapped up and a deal signed next month, the South China Morning Post reported Thursday, but there has been no invitation from Chinese officials for further high-level talks in Beijing. The report said Mnuchin hopes President Donald Trump and China’s President Xi Jinping will sign an agreement at the Asia-Pacific Economic Cooperation summit in Chile in mid-November. Mnuchin also said there was no plan yet on what to do about U.S. tariff hikes on $156 billion of Chinese goods scheduled to take effect in December.

Meanwhile, there was optimism in Europe that a Brexit agreement could be reached as soon as Thursday, as German Chancellor Angela Merkel told reporters that negotiations were “in the final stretch.”

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.86%   edged up 0.1% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.21%   gained 0.9%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -1.21%   inched up 0.1% as the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.70%   rose 0.2%. South Korea’s /zigman2/quotes/210598069/delayed KR:180721 +1.03%  etreated 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.04%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.03%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.17%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.33%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.40%   fell 0.4%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 -1.37%   gained in Tokyo trading, along with Sony /zigman2/quotes/201361720/delayed JP:6758 -0.53%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.53%  . Property companies surged in Hong Kong, led by New World Development /zigman2/quotes/202357413/delayed HK:17 -2.21%  , Sun Hung Kai Properties /zigman2/quotes/209086152/delayed HK:16 -0.67%   and Henderson Land Development /zigman2/quotes/208724890/delayed HK:12 -0.60%  , after new government measures were announced to ease a housing shortage. Tech companies such as Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.33%  , SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +2.12%   and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +1.71%   fell in South Korea. BHP /zigman2/quotes/201448516/delayed AU:BHP -1.92%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -0.41%   sank in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
29,408.17
-255.33 -0.86%
Volume: 0.00
March 2, 2021 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,095.86
-356.71 -1.21%
Volume: 2.90M
March 2, 2021 4:54p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,508.59
-42.81 -1.21%
Volume: 33.98B
March 2, 2021 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,332.76
-16.41 -0.70%
Volume: 35.69B
March 2, 2021 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,043.87
+30.92 +1.03%
Volume: 1.75M
March 2, 2021 3:30p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
15,946.88
-6.92 -0.04%
Volume: 0.00
March 2, 2021 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,973.87
+0.87 +0.03%
Volume: 0.00
March 2, 2021 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,569.87
+2.73 +0.17%
Volume: 0.00
March 2, 2021 5:05p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,359.21
+20.69 +0.33%
Volume: 0.00
March 2, 2021 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,762.30
-27.30 -0.40%
Volume: 739,306
March 2, 2021 5:29p
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,151.00
-16.00 -1.37%
Volume: 5.50M
March 2, 2021 3:00p
P/E Ratio
N/A
Dividend Yield
0.39%
Market Cap
¥1622.74 billion
Rev. per Employee
N/A
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 11,345.00
-60.00 -0.53%
Volume: 4.91M
March 2, 2021 3:00p
P/E Ratio
13.16
Dividend Yield
0.48%
Market Cap
¥13748.64 billion
Rev. per Employee
¥73.75M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 10,380.00
-55.00 -0.53%
Volume: 9.83M
March 2, 2021 3:00p
P/E Ratio
13.43
Dividend Yield
0.00%
Market Cap
¥17827.28 billion
Rev. per Employee
¥76.45M
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/zigman2/quotes/202357413/delayed
HK : Hong Kong
HK$ 37.65
-0.85 -2.21%
Volume: 7.95M
March 2, 2021 4:08p
P/E Ratio
51.85
Dividend Yield
5.42%
Market Cap
HK$100.16 billion
Rev. per Employee
N/A
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/zigman2/quotes/209086152/delayed
HK : Hong Kong
HK$ 119.20
-0.80 -0.67%
Volume: 3.69M
March 2, 2021 4:08p
P/E Ratio
15.93
Dividend Yield
4.15%
Market Cap
HK$361.06 billion
Rev. per Employee
HK$2.11M
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/zigman2/quotes/208724890/delayed
HK : Hong Kong
HK$ 33.25
-0.20 -0.60%
Volume: 3.32M
March 2, 2021 4:08p
P/E Ratio
13.07
Dividend Yield
5.41%
Market Cap
HK$163.15 billion
Rev. per Employee
HK$2.79M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
83,600.00
+1,100 +1.33%
Volume: 33.50M
March 2, 2021 3:30p
P/E Ratio
21.76
Dividend Yield
1.69%
Market Cap
₩552413.27 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
144,500
+3,000 +2.12%
Volume: 9.38M
March 2, 2021 3:30p
P/E Ratio
20.79
Dividend Yield
0.81%
Market Cap
₩96786.26 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
149,000
+2,500 +1.71%
Volume: 1.55M
March 2, 2021 3:30p
P/E Ratio
32.22
Dividend Yield
0.81%
Market Cap
₩25089.35 billion
Rev. per Employee
N/A
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 49.13
-0.96 -1.92%
Volume: 5.82M
March 2, 2021 4:10p
P/E Ratio
24.74
Dividend Yield
4.11%
Market Cap
$231.28 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 127.18
-0.52 -0.41%
Volume: 1.53M
March 2, 2021 4:10p
P/E Ratio
14.82
Dividend Yield
4.83%
Market Cap
$186.34 billion
Rev. per Employee
$1.36M
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