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Aug. 29, 2018, 5:16 a.m. EDT

Asian markets mostly gain; Nikkei, Kospi extend lengthy win streaks

Australian stocks at 10-1/2-year high

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By Dow Jones Newswire


Bloomberg News
Cranes stand at the construction site of Tokyo’s new Olympic stadium.

Asian stock markets generally pushed higher Wednesday, with markets in Japan and South Korea extending lengthy winning streaks.

The Nikkei /zigman2/quotes/210597971/delayed JP:NIK +2.44% notched its seventh consecutive gain high as it nudged up 0.15% to 22,848.22, a fresh 2 1/2-month high. Shipping names continued to outpace other sectors, with Mitsui OSK Lines /zigman2/quotes/204152844/delayed JP:9104 +3.39% jumping 4.1% and Nippon Yusen /zigman2/quotes/203488100/delayed JP:9101 +2.45% adding 1.9%. Banks also did well, with big regional lender Concordia /zigman2/quotes/202343229/delayed JP:7186 +2.44% climbing 3.8%.

Hong Kong’s benchmark seesawed before finishing with slight gains for its third straight increase. The Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +2.01% rose 0.2% to 28,416.44. Hong Kong property stocks rebounded today, with Agile /zigman2/quotes/210448079/delayed HK:3383 -0.18% jumping 3.6% after reporting net profit doubled in the first half of the year. Financials were under pressure after releasing quarterly results, with Bank of China /zigman2/quotes/204682472/delayed HK:3988 +1.56% losing 0.6% and BOC Hong Kong /zigman2/quotes/200479222/delayed HK:2388 +2.79% falling 2%.

More than a week after hitting five-week highs, shares in ZhongAn /zigman2/quotes/208436659/delayed HK:6060 +6.43% fell another 2.4% on Wednesday to leave it near July’s all-time low. Shares in the Chinese online insurer, backed by billionaires Jack Ma and Pony Ma, are down more than 50% this year and off 65% from a post-IPO high of HK$97.80 in September.

After posting the only declines in the region Tuesday — albeit slight ones — Chinese equities lagged again, with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.19% ending down 0.3% at 2,769.29 and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.01%  fell 0.6%.

South Korea’s stock benchmark slowly posted its ninth straight gain, the longest streak since July 2009. The Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.38% rose 0.3% to 2309.03, the highest in seven weeks. Chip makers Hynix /zigman2/quotes/206420319/delayed KR:000660 +5.40%  and Samsung /zigman2/quotes/209800866/delayed KR:005930 +2.44% each rose 0.5% amid that sector’s global strength.

A last-hour push to session highs was enough for Australia’s stock benchmark to log another 10 1/2-year closing high. The S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.46% rose for fourth straight day, climbing 0.75% to 6352.2. The heavily weighted financials, which pressured the market most of last week, continued their rebound in climbing 1.8% and nearly erasing the August drop.

New Zealand stocks logged their biggest gain since Donald Trump’s election as the market in part caught up to the gains seen across Asia Pacific Tuesday, when the NZX closed trading after an hour because of data problems. The benchmark NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.59% climbed 1.6% to 9362.67, another record closing high.

Both Singapore /zigman2/quotes/210597985/delayed SG:STI +0.60% and Malaysian stocks /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.51% pulled back modestly.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,997.06
+572.25 +2.44%
Volume: 0.00
Dec. 13, 2019 2:14p
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/zigman2/quotes/204152844/delayed
JP : Japan: Tokyo
¥ 3,020.00
+99.00 +3.39%
Volume: 659,000
Dec. 13, 2019 2:13p
P/E Ratio
7.99
Dividend Yield
2.15%
Market Cap
¥351.96 billion
Rev. per Employee
¥125.14M
loading...
/zigman2/quotes/203488100/delayed
JP : Japan: Tokyo
¥ 2,008.00
+48.00 +2.45%
Volume: 1.87M
Dec. 13, 2019 2:13p
P/E Ratio
N/A
Dividend Yield
1.99%
Market Cap
¥332.60 billion
Rev. per Employee
¥51.22M
loading...
/zigman2/quotes/202343229/delayed
JP : Japan: Tokyo
¥ 461.00
+11.00 +2.44%
Volume: 4.33M
Dec. 13, 2019 2:12p
P/E Ratio
10.69
Dividend Yield
3.47%
Market Cap
¥545.15 billion
Rev. per Employee
¥48.42M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,537.59
+543.45 +2.01%
Volume: 1.02M
Dec. 13, 2019 1:19p
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/zigman2/quotes/210448079/delayed
HK : Hong Kong
HK$ 11.00
-0.02 -0.18%
Volume: 4.42M
Dec. 13, 2019 1:18p
P/E Ratio
4.41
Dividend Yield
10.00%
Market Cap
HK$43.40 billion
Rev. per Employee
HK$3.79M
loading...
/zigman2/quotes/204682472/delayed
HK : Hong Kong
HK$ 3.25
+0.05 +1.56%
Volume: 151.99M
Dec. 13, 2019 1:19p
P/E Ratio
4.57
Dividend Yield
6.49%
Market Cap
HK$936.08 billion
Rev. per Employee
HK$3.13M
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/zigman2/quotes/200479222/delayed
HK : Hong Kong
HK$ 27.60
+0.75 +2.79%
Volume: 12.32M
Dec. 13, 2019 1:18p
P/E Ratio
9.20
Dividend Yield
5.32%
Market Cap
HK$278.59 billion
Rev. per Employee
HK$7.03M
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/zigman2/quotes/208436659/delayed
HK : Hong Kong
HK$ 29.80
+1.80 +6.43%
Volume: 8.20M
Dec. 13, 2019 1:18p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
HK$40.93 billion
Rev. per Employee
HK$2.47M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,950.46
+34.77 +1.19%
Volume: 12.12B
Dec. 13, 2019 1:19p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,652.80
+16.47 +1.01%
Volume: 17.83B
Dec. 13, 2019 1:19p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,166.91
+29.56 +1.38%
Volume: 443,823
Dec. 13, 2019 2:14p
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
87,900.00
+4,500 +5.40%
Volume: 4.63M
Dec. 13, 2019 2:14p
P/E Ratio
10.88
Dividend Yield
1.71%
Market Cap
₩55130.50 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
54,600.00
+1,300 +2.44%
Volume: 13.11M
Dec. 13, 2019 2:14p
P/E Ratio
15.07
Dividend Yield
2.59%
Market Cap
₩352539.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,739.70
+30.90 +0.46%
Volume: 624,163
Dec. 13, 2019 4:14p
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/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,241.59
-66.39 -0.59%
Volume: 0.00
Dec. 13, 2019 5:00p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,213.68
+19.01 +0.60%
Volume: 0.00
Dec. 13, 2019 1:19p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,575.31
+7.97 +0.51%
Volume: 0.00
Dec. 13, 2019 1:19p
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