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

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 -0.71%   edged up 0.1% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.04%   gained 0.9%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.71%   inched up 0.1% as the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.42%   rose 0.2%. South Korea’s /zigman2/quotes/210598069/delayed KR:180721 +0.52%  etreated 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.29%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.33%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.36%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.18%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.89%   fell 0.4%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 -1.40%   gained in Tokyo trading, along with Sony /zigman2/quotes/201361720/delayed JP:6758 -1.55%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -3.60%  . Property companies surged in Hong Kong, led by New World Development /zigman2/quotes/202357413/delayed HK:17 -0.51%  , Sun Hung Kai Properties /zigman2/quotes/209086152/delayed HK:16 +0.78%   and Henderson Land Development /zigman2/quotes/208724890/delayed HK:12 -0.68%  , after new government measures were announced to ease a housing shortage. Tech companies such as Samsung /zigman2/quotes/209800866/delayed KR:005930 -1.40%  , SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -1.23%   and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 -0.39%   fell in South Korea. BHP /zigman2/quotes/201448516/delayed AU:BHP -0.49%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -1.32%   sank in Australia.

/zigman2/quotes/210597971/delayed

Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

22,413.37

-160.29 -0.71%

Volume: 0.00

Aug. 5, 2020 11:06a

/zigman2/quotes/210598030/delayed

Add to watchlist HK:HSI

Hang Seng Index

HK : Hong Kong Exchange

24,935.68

-10.95 -0.04%

Volume: 258,831

Aug. 5, 2020 10:11a

/zigman2/quotes/210598127/delayed

Add to watchlist CN:SHCOMP

Shanghai Composite Index

CN : China: Shanghai

3,347.79

-23.90 -0.71%

Volume: 13.61B

Aug. 5, 2020 10:11a

/zigman2/quotes/210598015/delayed

Add to watchlist CN:399106

Shenzhen Composite Index

CN : Shenhzen Stock Exchange

2,290.77

-9.73 -0.42%

Volume: 17.82B

Aug. 5, 2020 10:11a

/zigman2/quotes/210598069/delayed

Add to watchlist KR:180721

KOSPI Composite Index

KR : Korea Exchange

2,291.91

+11.94 +0.52%

Volume: 449,578

Aug. 5, 2020 11:06a

/zigman2/quotes/210597977/delayed

Add to watchlist TW:Y9999

Taiwan TAIEX

TW : Taiwan Stock Exchange

12,746.19

+36.27 +0.29%

Volume: 0.00

Aug. 5, 2020 10:06a

/zigman2/quotes/210597985/delayed

Add to watchlist SG:STI

FTSE Straits Times Index

SG : Singapore: SGX

2,523.98

+8.28 +0.33%

Volume: 0.00

Aug. 5, 2020 10:11a

/zigman2/quotes/210598052/delayed

Add to watchlist MY:FBMKLCI

FTSE Bursa Malaysia KLCI

MY : Malaysia

1,570.31

-5.63 -0.36%

Volume: 0.00

Aug. 5, 2020 10:11a

/zigman2/quotes/210597981/delayed

Add to watchlist ID:JAKIDX

JSX Composite Index

ID : Indonesia Stock Exchange

5,065.66

-9.35 -0.18%

Volume: 0.00

Aug. 5, 2020 9:10a

/zigman2/quotes/210598100/delayed

Add to watchlist AU:XJO

S&P/ASX 200 Benchmark Index

AU : S&P ASX

5,984.00

-53.60 -0.89%

Volume: 222,327

Aug. 5, 2020 12:06p

/zigman2/quotes/201861450/delayed

Add to watchlist JP:4755

Rakuten Inc.

JP : Japan: Tokyo

¥ 1,053.00

-15.00 -1.40%

Volume: 3.15M

Aug. 5, 2020 11:06a

P/E Ratio

N/A

Dividend Yield

0.43%

Market Cap

¥1391.52 billion

Rev. per Employee

¥74.20M

/zigman2/quotes/201361720/delayed

Add to watchlist JP:6758

Sony Corp.

JP : Japan: Tokyo

¥ 8,551.00

-135.00 -1.55%

Volume: 5.90M

Aug. 5, 2020 11:06a

P/E Ratio

18.56

Dividend Yield

0.53%

Market Cap

¥10144.41 billion

Rev. per Employee

¥72.37M

/zigman2/quotes/207303954/delayed

Add to watchlist JP:9984

SoftBank Group Corp.

JP : Japan: Tokyo

¥ 6,633.00

-248.00 -3.60%

Volume: 10.85M

Aug. 5, 2020 11:06a

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

¥14335.35 billion

Rev. per Employee

¥126.96M

/zigman2/quotes/202357413/delayed

Add to watchlist HK:17

New World Development Co. Ltd.

HK : Hong Kong

HK$ 38.70

-0.20 -0.51%

Volume: 236,614

Aug. 5, 2020 10:10a

P/E Ratio

12.53

Dividend Yield

5.27%

Market Cap

HK$95.97 billion

Rev. per Employee

HK$1.84M

/zigman2/quotes/209086152/delayed

Add to watchlist HK:16

Sun Hung Kai Properties Ltd.

HK : Hong Kong

HK$ 96.95

+0.75 +0.78%

Volume: 405,250

Aug. 5, 2020 10:11a

P/E Ratio

7.05

Dividend Yield

5.11%

Market Cap

HK$273.55 billion

Rev. per Employee

HK$1.86M

/zigman2/quotes/208724890/delayed

Add to watchlist HK:12

Henderson Land Development Co. Ltd.

HK : Hong Kong

HK$ 29.15

-0.20 -0.68%

Volume: 525,455

Aug. 5, 2020 10:11a

P/E Ratio

8.30

Dividend Yield

6.17%

Market Cap

HK$138.71 billion

Rev. per Employee

HK$2.52M

/zigman2/quotes/209800866/delayed

Add to watchlist KR:005930

Samsung Electronics Co. Ltd.

KR : S. Korea: KRX

₩ 56,500.00

-800.00 -1.40%

Volume: 8.27M

Aug. 5, 2020 11:06a

P/E Ratio

18.03

Dividend Yield

2.51%

Market Cap

₩379446.28 billion

Rev. per Employee

N/A

/zigman2/quotes/206420319/delayed

Add to watchlist KR:000660

SK Hynix Inc.

KR : S. Korea: KRX

₩ 80,600.00

-1,000 -1.23%

Volume: 2.02M

Aug. 5, 2020 11:06a

P/E Ratio

24.12

Dividend Yield

1.24%

Market Cap

₩55951.35 billion

Rev. per Employee

N/A

/zigman2/quotes/209966407/delayed

Add to watchlist KR:066570

LG Electronics Inc.

KR : S. Korea: KRX

₩ 77,600.00

-300.00 -0.39%

Volume: 582,671

Aug. 5, 2020 11:06a

P/E Ratio

28.76

Dividend Yield

0.97%

Market Cap

₩12531.96 billion

Rev. per Employee

N/A

/zigman2/quotes/201448516/delayed

Add to watchlist AU:BHP

BHP Group Ltd.

AU : Australia: Sydney

$ 37.74

-0.19 -0.49%

Volume: 1.47M

Aug. 5, 2020 12:06p

P/E Ratio

14.12

Dividend Yield

5.65%

Market Cap

$175.73 billion

Rev. per Employee

N/A

/zigman2/quotes/200083756/delayed

Add to watchlist AU:RIO

Rio Tinto Ltd.

AU : Australia: Sydney

$ 103.71

-1.39 -1.32%

Volume: 468,477

Aug. 5, 2020 12:06p

P/E Ratio

15.80

Dividend Yield

5.46%

Market Cap

$147.99 billion

Rev. per Employee

$1.14M