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April 4, 2019, 9:48 a.m. EDT

Asian markets mixed as U.S.-China trade talks resume

Nikkei edges up, but Hang Seng retreats

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By Marketwatch and Associated Press


AFP/Getty Images
A woman takes a photo as she travels on the Star Ferry from Kowloon to Hong Kong island on Wednesday.

Shares were mixed in Asia on Thursday after modest gains overnight on Wall Street.

The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.25%  jumped 0.9% on reports of possible progress in China-U.S. trade talks.

China’s chief negotiator, Liu He, was scheduled to meet with President Donald Trump on Thursday, and Larry Kudlow, Trump’s top economic adviser, expressed optimism that the two sides can come closer to a final agreement this week.

Read: Kudlow hopeful that U.S., China will ‘get closer’ to trade deal as talks resume

Markets have swayed for months as the contentious talks drag on. The latest reports say that both sides have resolved most of the key issues, with some pledges from China to end practices viewed by the U.S. as technology theft.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.94%   finished flat, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.20%   retreated 0.1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.21%   advanced 0.1%. Singapore’s Straits Times Index /zigman2/quotes/210597985/delayed SG:STI +0.73%   rose and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.99%   fell 0.8%

Among individual stocks, Japan Display /zigman2/quotes/204799605/delayed JP:6740 +1.72%   rallied in Tokyo trading after a report that it would supply OLED screens for Apple Watches starting later this year. Meanwhile, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 -0.62%   gained while oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 -0.64%   slipped. In Hong Kong, CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.91%   and AIA Group /zigman2/quotes/203565558/delayed HK:1299 +0.71%   fell, along with many companies in the real-estate sector. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.74%   edged up in Korea, while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -2.02%  , Oil Search   and Woodside Petroleum /zigman2/quotes/203437212/delayed AU:WPL -1.13%   slid in Australia.

U.S. stocks recovered from a late-afternoon bout of selling on Wall Street to give the benchmark S&P 500 its fifth straight gain.

Technology stocks powered much of the last-minute rebound, led by chipmakers. Retailers, homebuilders and hotel operators were among the big gainers. Energy companies, consumer goods makers and industrial stocks took the heaviest losses.

Investors are awaiting the release Friday of the government’s monthly tally of hiring by U.S. employers and a new round of corporate earnings reports set to begin coming out next week.

The overall forecast is for a weak round of results, with earnings by S&P 500 companies expected to contract by 4%, according to FactSet.

The S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.04%  added 0.2% to 2,873.40 and is about 2% shy of its most recent all-time high reached on Sept. 20. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -3.57%  rose 0.1% to 26,218.13. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -4.73%  , which is heavily weighted with technology stocks, gained 0.6% to 7,895.55. The Russell 2000 index /zigman2/quotes/210598147/delayed RUT -3.56%   of smaller company stocks picked up 0.5% to 1,560.91. U.S. stock futures pointed to a slightly mixed open for Thursday.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,085.98
-7.72 -0.25%
Volume: 31.50B
May 18, 2022 3:00p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
26,911.20
+251.45 +0.94%
Volume: 0.00
May 18, 2022 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
20,644.28
+41.76 +0.20%
Volume: 1.95M
May 18, 2022 4:08p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,625.98
+5.54 +0.21%
Volume: 870,268
May 18, 2022 3:30p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,225.35
+23.46 +0.73%
Volume: 0.00
May 18, 2022 5:20p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,182.70
+70.20 +0.99%
Volume: 658,070
May 18, 2022 5:54p
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/zigman2/quotes/204799605/delayed
JP : Japan: Tokyo
¥ 59.00
+1.00 +1.72%
Volume: 21.88M
May 18, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
¥75.18 billion
Rev. per Employee
¥33.01M
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 801.00
-5.00 -0.62%
Volume: 9.02M
May 18, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.56%
Market Cap
¥1276.43 billion
Rev. per Employee
¥59.51M
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/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 1,545.00
-10.00 -0.64%
Volume: 12.35M
May 18, 2022 3:00p
P/E Ratio
10.04
Dividend Yield
3.50%
Market Cap
¥2152.98 billion
Rev. per Employee
¥390.21M
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
$ 11.08
+0.10 +0.91%
Volume: 120.13M
May 18, 2022 4:08p
P/E Ratio
5.84
Dividend Yield
2.71%
Market Cap
$502.39 billion
Rev. per Employee
$15.38M
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/zigman2/quotes/203565558/delayed
HK : Hong Kong
$ 78.10
+0.55 +0.71%
Volume: 29.24M
May 18, 2022 4:08p
P/E Ratio
16.35
Dividend Yield
1.87%
Market Cap
$931.71 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
68,100.00
+500.00 +0.74%
Volume: 16.49M
May 18, 2022 3:30p
P/E Ratio
11.79
Dividend Yield
2.12%
Market Cap
₩452848.23 billion
Rev. per Employee
₩2.46B
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.70
-0.04 -2.02%
Volume: 8.87M
May 18, 2022 4:10p
P/E Ratio
9.68
Dividend Yield
1.18%
Market Cap
$3.95 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 30.76
-0.35 -1.13%
Volume: 4.69M
May 18, 2022 4:10p
P/E Ratio
11.12
Dividend Yield
6.09%
Market Cap
$30.55 billion
Rev. per Employee
$2.52M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,923.68
-165.17 -4.04%
Volume: 2.71B
May 18, 2022 4:56p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,490.07
-1,165 -3.57%
Volume: 465.06M
May 18, 2022 4:56p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,418.15
-566.37 -4.73%
Volume: 4.30M
May 18, 2022 5:01p
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/zigman2/quotes/210598147/delayed
US : US Composite
1,774.85
-65.45 -3.56%
Volume: 106,834
May 18, 2022 4:30p
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