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 -0.04%   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.

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Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

19,345.77

-7.47 -0.04%

Volume: 0.00

April 9, 2020 3:15p

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Hang Seng Index

HK : Hong Kong Exchange

24,300.33

+329.96 +1.38%

Volume: 1.73M

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Shanghai Composite Index

CN : China: Shanghai

2,825.90

+10.54 +0.37%

Volume: 23.82B

April 9, 2020 3:01p

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Shenzhen Composite Index

CN : Shenhzen Stock Exchange

1,755.37

+14.72 +0.85%

Volume: 37.74B

April 9, 2020 3:00p

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KOSPI Composite Index

KR : Korea Exchange

1,836.21

+29.07 +1.61%

Volume: 920,570

April 9, 2020 3:32p

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Taiwan TAIEX

TW : Taiwan Stock Exchange

10,119.43

-18.04 -0.18%

Volume: 0.00

April 9, 2020 1:33p

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FTSE Straits Times Index

SG : Singapore: SGX

2,571.32

+31.88 +1.26%

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April 9, 2020 5:20p

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FTSE Bursa Malaysia KLCI

MY : Malaysia

1,369.76

+8.37 +0.61%

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April 9, 2020 5:05p

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JSX Composite Index

ID : Indonesia Stock Exchange

4,649.08

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Volume: 0.00

April 9, 2020 3:00p

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S&P/ASX 200 Benchmark Index

AU : S&P ASX

5,387.30

+180.40 +3.46%

Volume: 914,157

April 9, 2020 5:12p

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Rakuten Inc.

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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Sony Corp.

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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SoftBank Group Corp.

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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New World Development Co. Ltd.

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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Sun Hung Kai Properties Ltd.

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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Henderson Land Development Co. Ltd.

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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Samsung Electronics Co. Ltd.

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

/zigman2/quotes/206420319/delayed

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SK Hynix Inc.

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

/zigman2/quotes/209966407/delayed

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LG Electronics Inc.

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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BHP Group Ltd.

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

/zigman2/quotes/200083756/delayed

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Rio Tinto Ltd.

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