Bulletin
Investor Alert

New York Markets After Hours

Asia Markets Archives | Email alerts

April 26, 2019, 9:21 a.m. EDT

China logs worst week of 2019, as most Asia markets struggle

Nintendo, SoftBank weigh on Nikkei; Hang Seng up slightly

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)

or Cancel Already have a watchlist? Log In

By Marketwatch and Associated Press


Reuters
A Hong Kong Airlines Airbus A330-300 lands at Hong Kong Airport. Shares of parent HNA Group fell Friday.

Asian markets finished mostly lower to end the trading week on Friday, with Chinese stocks logging the worst weekly return since last year and a continued drop in oil prices also depressing some markets.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.87%   fell 0.2% while Hong Kong’s Hang Seng index /zigman2/quotes/210598030/delayed HK:HSI -0.07%   edged up 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.56%  slid 1.1%, for a 5.6% drop, its worst weekly finish since October 2018. The market has been dogged this week by concerns that the Chinese government will slow its economic stimulus efforts.

Chinese President Xi Jinping addressed the Belt and Road Forum in Beijing, giving assurance that the yuan exchange rate will be stable at reasonable levels. The yuan climbed 0.2% on the news.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.04%  was down 0.5%. Stocks were about flat in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.27%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.51%  , but down in Taiwan  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.14%  finished down 0.5%.

Among individual stocks, Nintendo /zigman2/quotes/208063194/delayed JP:7974 +0.70%   slumped in Tokyo trading after issuing an “ultra-conservative guidance” for the year following earnings. SoftBank /zigman2/quotes/207303954/delayed JP:9984 +2.45%   also fell, while Yahoo Japan /zigman2/quotes/207641152/delayed JP:4689 +3.74%   jumped. In Hong Kong, Country Garden /zigman2/quotes/201681083/delayed HK:2007 +0.76%   and AAC Technologies /zigman2/quotes/201441510/delayed HK:2018 -0.66%   rise while CNOOC /zigman2/quotes/203421416/delayed HK:883 -1.17%   slipped. Shares of Hong Kong Airlines parent HNA Group /zigman2/quotes/203177958/delayed CN:600221 -1.64%   fell amid a battle for control of the company . LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +0.87%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +0.87%   declined in South Korea, as did Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +1.21%   in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -2.90%   and Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG -3.46%   dropped in Australia.

Oil prices pulled back from multi-month highs Thursday, and U.S.-based West Texas Intermediate crude for June delivery   and June Brent crude  , the global benchmark, continued to slide Friday.

“End of U.S.-Iran sanctions waivers are still the principle focus,” Stephen Innes, head of trading at SPI Asset Management, said in a note. “But perhaps price action was a bit to too enthusiastic.”

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,207.21
+408.34 +1.87%
Volume: 0.00
Oct. 15, 2019 3:15p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,503.93
-17.92 -0.07%
Volume: 1.57M
Oct. 15, 2019 4:09p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,991.05
-16.84 -0.56%
Volume: 15.54B
Oct. 15, 2019 3:01p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,068.17
+0.77 +0.04%
Volume: 464,533
Oct. 15, 2019 6:03p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,116.17
-8.28 -0.27%
Volume: 0.00
Oct. 15, 2019 5:20p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,158.17
+31.29 +0.51%
Volume: 0.00
Oct. 15, 2019 4:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,652.00
+9.40 +0.14%
Volume: 35.00
Oct. 16, 2019 8:09a
loading...
/zigman2/quotes/208063194/delayed
JP : Japan: Tokyo
¥ 40,150.00
+280.00 +0.70%
Volume: 891,700
Oct. 15, 2019 3:00p
P/E Ratio
26.77
Dividend Yield
1.89%
Market Cap
¥4749.49 billion
Rev. per Employee
¥217.41M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,258.00
+102.00 +2.45%
Volume: 15.02M
Oct. 15, 2019 3:00p
P/E Ratio
4.17
Dividend Yield
0.52%
Market Cap
¥8605.71 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 333.00
+12.00 +3.74%
Volume: 35.98M
Oct. 15, 2019 3:00p
P/E Ratio
23.58
Dividend Yield
2.66%
Market Cap
¥1528.74 billion
Rev. per Employee
¥77.26M
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.60
+0.08 +0.76%
Volume: 21.20M
Oct. 15, 2019 4:08p
P/E Ratio
5.40
Dividend Yield
5.56%
Market Cap
HK$224.78 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 45.30
-0.30 -0.66%
Volume: 5.76M
Oct. 15, 2019 4:08p
P/E Ratio
17.28
Dividend Yield
3.16%
Market Cap
HK$55.11 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 11.82
-0.14 -1.17%
Volume: 38.33M
Oct. 15, 2019 4:08p
P/E Ratio
7.99
Dividend Yield
6.18%
Market Cap
HK$533.98 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/203177958/delayed
CN : China: Shanghai
¥ 1.80
-0.03 -1.64%
Volume: 97.45M
Oct. 15, 2019 3:01p
P/E Ratio
N/A
Dividend Yield
1.00%
Market Cap
¥30.76 billion
Rev. per Employee
¥2.70M
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
69,500.00
+600.00 +0.87%
Volume: 442,758
Oct. 15, 2019 3:30p
P/E Ratio
13.86
Dividend Yield
1.08%
Market Cap
₩12406.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
81,200.00
+700.00 +0.87%
Volume: 1.52M
Oct. 15, 2019 3:30p
P/E Ratio
5.76
Dividend Yield
1.85%
Market Cap
₩55062.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 293.50
+3.50 +1.21%
Volume: 38.02M
Oct. 15, 2019 1:30p
P/E Ratio
23.99
Dividend Yield
0.00%
Market Cap
NT$7519.82 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.34
-0.07 -2.90%
Volume: 4.31M
Oct. 15, 2019 4:10p
P/E Ratio
9.26
Dividend Yield
0.85%
Market Cap
$5.49 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 8.64
-0.31 -3.46%
Volume: 11.06M
Oct. 15, 2019 4:10p
P/E Ratio
5.96
Dividend Yield
4.98%
Market Cap
$27.63 billion
Rev. per Employee
N/A
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.