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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 -0.04%   edged up 0.1% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.38%   gained 0.9%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.37%   inched up 0.1% as the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.85%   rose 0.2%. South Korea’s /zigman2/quotes/210598069/delayed KR:180721 +1.61%  etreated 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.18%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +1.26%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.61%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.48%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +3.46%   fell 0.4%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 +2.20%   gained in Tokyo trading, along with Sony /zigman2/quotes/201361720/delayed JP:6758 +0.13%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 +1.06%  . Property companies surged in Hong Kong, led by New World Development /zigman2/quotes/202357413/delayed HK:17 +1.47%  , Sun Hung Kai Properties /zigman2/quotes/209086152/delayed HK:16 +1.69%   and Henderson Land Development /zigman2/quotes/208724890/delayed HK:12 +1.42%  , after new government measures were announced to ease a housing shortage. Tech companies such as Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.03%  , SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +0.59%   and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +1.69%   fell in South Korea. BHP /zigman2/quotes/201448516/delayed AU:BHP +0.57%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.15%   sank in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
19,345.77
-7.47 -0.04%
Volume: 0.00
April 9, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,300.33
+329.96 +1.38%
Volume: 1.73M
April 9, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,825.90
+10.54 +0.37%
Volume: 23.82B
April 9, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,755.37
+14.72 +0.85%
Volume: 37.74B
April 9, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
1,836.21
+29.07 +1.61%
Volume: 920,570
April 9, 2020 3:32p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
10,119.43
-18.04 -0.18%
Volume: 0.00
April 9, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,571.32
+31.88 +1.26%
Volume: 0.00
April 9, 2020 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,369.76
+8.37 +0.61%
Volume: 0.00
April 9, 2020 5:05p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,649.08
+22.38 +0.48%
Volume: 0.00
April 9, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,387.30
+180.40 +3.46%
Volume: 914,157
April 9, 2020 5:12p
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 884.00
+19.00 +2.20%
Volume: 9.05M
April 9, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.51%
Market Cap
¥1173.16 billion
Rev. per Employee
¥74.20M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,711.00
+9.00 +0.13%
Volume: 5.60M
April 9, 2020 3:00p
P/E Ratio
12.93
Dividend Yield
0.67%
Market Cap
¥8139.02 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,183.00
+44.00 +1.06%
Volume: 30.41M
April 9, 2020 3:00p
P/E Ratio
28.07
Dividend Yield
1.05%
Market Cap
¥8573.34 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/202357413/delayed
HK : Hong Kong
HK$ 8.95
+0.13 +1.47%
Volume: 11.09M
April 9, 2020 4:08p
P/E Ratio
11.59
Dividend Yield
5.70%
Market Cap
HK$90.17 billion
Rev. per Employee
HK$1.84M
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/zigman2/quotes/209086152/delayed
HK : Hong Kong
HK$ 108.20
+1.80 +1.69%
Volume: 2.94M
April 9, 2020 4:08p
P/E Ratio
7.87
Dividend Yield
4.57%
Market Cap
HK$308.32 billion
Rev. per Employee
HK$1.86M
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/zigman2/quotes/208724890/delayed
HK : Hong Kong
HK$ 32.25
+0.45 +1.42%
Volume: 2.56M
April 9, 2020 4:08p
P/E Ratio
9.19
Dividend Yield
5.58%
Market Cap
HK$153.96 billion
Rev. per Employee
HK$2.52M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
49,100.00
+500.00 +1.03%
Volume: 22.63M
April 9, 2020 3:30p
P/E Ratio
15.51
Dividend Yield
2.88%
Market Cap
₩330124.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
85,000.00
+500.00 +0.59%
Volume: 3.56M
April 9, 2020 3:30p
P/E Ratio
28.88
Dividend Yield
1.18%
Market Cap
₩57798.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
54,200.00
+900.00 +1.69%
Volume: 926,771
April 9, 2020 3:32p
P/E Ratio
311.96
Dividend Yield
1.38%
Market Cap
₩9597.53 billion
Rev. per Employee
N/A
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 31.50
+0.18 +0.57%
Volume: 7.43M
April 9, 2020 4:10p
P/E Ratio
11.79
Dividend Yield
6.77%
Market Cap
$158.38 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 89.39
+0.13 +0.15%
Volume: 1.50M
April 9, 2020 4:10p
P/E Ratio
12.74
Dividend Yield
7.35%
Market Cap
$145.04 billion
Rev. per Employee
$1.14M
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