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 -0.86%   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

Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

29,408.17

-255.33 -0.86%

Volume: 0.00

March 2, 2021 3:15p

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Hang Seng Index

HK : Hong Kong Exchange

29,095.86

-356.71 -1.21%

Volume: 2.90M

March 2, 2021 4:54p

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Shanghai Composite Index

CN : China: Shanghai

3,508.59

-42.81 -1.21%

Volume: 33.98B

March 2, 2021 3:01p

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Shenzhen Composite Index

CN : Shenhzen Stock Exchange

2,332.76

-16.41 -0.70%

Volume: 35.69B

March 2, 2021 3:00p

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KOSPI Composite Index

KR : Korea Exchange

3,043.87

+30.92 +1.03%

Volume: 1.75M

March 2, 2021 3:30p

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Taiwan TAIEX

TW : Taiwan Stock Exchange

15,946.88

-6.92 -0.04%

Volume: 0.00

March 2, 2021 1:33p

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FTSE Straits Times Index

SG : Singapore: SGX

2,973.87

+0.87 +0.03%

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March 2, 2021 5:20p

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FTSE Bursa Malaysia KLCI

MY : Malaysia

1,569.87

+2.73 +0.17%

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March 2, 2021 5:05p

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JSX Composite Index

ID : Indonesia Stock Exchange

6,359.21

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Volume: 0.00

March 2, 2021 3:00p

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S&P/ASX 200 Benchmark Index

AU : S&P ASX

6,762.30

-27.30 -0.40%

Volume: 739,306

March 2, 2021 5:29p

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Rakuten Inc.

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

/zigman2/quotes/201361720/delayed

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Sony Corp.

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

/zigman2/quotes/207303954/delayed

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SoftBank Group Corp.

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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New World Development Co. Ltd.

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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Sun Hung Kai Properties Ltd.

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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Henderson Land Development Co. Ltd.

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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Samsung Electronics Co. Ltd.

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

/zigman2/quotes/206420319/delayed

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SK Hynix Inc.

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

/zigman2/quotes/209966407/delayed

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LG Electronics Inc.

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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BHP Group Ltd.

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

/zigman2/quotes/200083756/delayed

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Rio Tinto Ltd.

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