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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 -0.71%   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
JP : Nikkei
22,413.37
-160.29 -0.71%
Volume: 0.00
Aug. 5, 2020 11:06a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,935.68
-10.95 -0.04%
Volume: 258,831
Aug. 5, 2020 10:11a
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,347.79
-23.90 -0.71%
Volume: 13.61B
Aug. 5, 2020 10:11a
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,290.77
-9.73 -0.42%
Volume: 17.82B
Aug. 5, 2020 10:11a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,291.91
+11.94 +0.52%
Volume: 449,578
Aug. 5, 2020 11:06a
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,746.19
+36.27 +0.29%
Volume: 0.00
Aug. 5, 2020 10:06a
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,523.98
+8.28 +0.33%
Volume: 0.00
Aug. 5, 2020 10:11a
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,570.31
-5.63 -0.36%
Volume: 0.00
Aug. 5, 2020 10:11a
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,065.66
-9.35 -0.18%
Volume: 0.00
Aug. 5, 2020 9:10a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,984.00
-53.60 -0.89%
Volume: 222,327
Aug. 5, 2020 12:06p
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/zigman2/quotes/201861450/delayed
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
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/zigman2/quotes/201361720/delayed
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
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/zigman2/quotes/207303954/delayed
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
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/zigman2/quotes/202357413/delayed
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$1.84M
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/zigman2/quotes/209086152/delayed
HK : Hong Kong
HK$ 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$1.86M
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/zigman2/quotes/208724890/delayed
HK : Hong Kong
HK$ 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
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/zigman2/quotes/209800866/delayed
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
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/zigman2/quotes/206420319/delayed
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
loading...
/zigman2/quotes/209966407/delayed
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
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/zigman2/quotes/201448516/delayed
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
loading...
/zigman2/quotes/200083756/delayed
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
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