Bulletin
Investor Alert

Asia Markets Archives | Email alerts

Sept. 11, 2019, 11:06 p.m. EDT

Asian markets mostly gain as trade tensions ease

Nikkei rises after Trump delays tariff hikes, but stocks in mainland China give up early gains

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 screen outside the Hong Kong Exchanges displays top active securities during morning trading in Hong Kong.

Asian markets were mostly up in early trading Thursday as trade-war tensions eased after President Donald Trump announced a two-week delay in implementing tariff hikes against $250 billion in Chinese goods.

In a pair of tweets late Wednesday, Trump said the tariff hikes, which had been scheduled to take effect Oct. 1, will be put off until Oct. 15 as a “gesture of good will.” Earlier in the day, China said it would exempt some U.S. goods from tariff hikes it intends to impose starting Sept. 17. The conciliatory moves appear to be efforts to create goodwill before the resumption of trade negotiations in early October.

In a positive sign, Trump and China appear “willing to negotiate to put an end to this trade war spat,” Stephen Innes, Asia-Pacific market strategist at AxiTrader, wrote in a note.

Investors were also optimistic of a rate cut by the European Central Bank later Thursday. Policy makers are expected to announce further monetary stimulus at a news conference Thursday morning, Eastern time.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.40%   gained 0.8% while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.39%   slid 0.5% after Hong Kong Exchanges & Clearing made an unsolicited $36.6 billion bid to buy London Stock Exchange. Stocks in mainland China gave up early gains, with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.03%   and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.09%   last about flat. Stocks fell in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.69%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.48%   but rose in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.92%  and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.26%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.74%   advanced 0.3%. South Korea’s Kospi was closed for a holiday.

Among individual stocks, Yahoo Japan /zigman2/quotes/207641152/delayed JP:4689 -3.35%   rose in Tokyo trading on reports it would buy a majority stake in e-commerce giant Zozo /zigman2/quotes/206072585/delayed JP:3092 +3.33%  . Rival Rakuten /zigman2/quotes/201861450/delayed JP:4755 +3.41%   fell on the news, while Honda /zigman2/quotes/200490352/delayed JP:7267 +3.55%   and Sony /zigman2/quotes/201361720/delayed JP:6758 +4.22%   gained. In Hong Kong, AAC /zigman2/quotes/201441510/delayed HK:2018 -0.48%   and Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 +0.67%   rose while PetroChina /zigman2/quotes/204979431/delayed HK:857 +0.38%   and AIA Group /zigman2/quotes/203565558/delayed HK:1299 +1.73%   declined. Largan Precision /zigman2/quotes/210444196/delayed TW:3008 +0.39%   gained again in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +2.11%   fell in Australia while Virgin Australia /zigman2/quotes/207744791/delayed AU:VAH +6.17%   gained.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,505.83
+310.45 +1.40%
Volume: 0.00
Aug. 4, 2020 11:30a
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,552.35
+94.22 +0.39%
Volume: 370,009
Aug. 4, 2020 10:45a
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,369.07
+1.10 +0.03%
Volume: 19.68B
Aug. 4, 2020 10:45a
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,317.42
+1.98 +0.09%
Volume: 28.75B
Aug. 4, 2020 10:45a
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,502.11
+17.20 +0.69%
Volume: 0.00
Aug. 4, 2020 10:45a
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,030.50
+24.28 +0.48%
Volume: 0.00
Aug. 4, 2020 9:50a
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,628.52
+115.49 +0.92%
Volume: 0.00
Aug. 4, 2020 10:40a
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,576.65
+4.04 +0.26%
Volume: 0.00
Aug. 4, 2020 10:45a
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,029.20
+103.10 +1.74%
Volume: 274,069
Aug. 4, 2020 12:40p
loading...
/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 635.00
-22.00 -3.35%
Volume: 38.75M
Aug. 4, 2020 11:30a
P/E Ratio
39.25
Dividend Yield
1.40%
Market Cap
¥2653.33 billion
Rev. per Employee
¥77.26M
loading...
/zigman2/quotes/206072585/delayed
JP : Japan: Tokyo
¥ 3,100.00
+100.00 +3.33%
Volume: 1.22M
Aug. 4, 2020 11:30a
P/E Ratio
45.50
Dividend Yield
1.19%
Market Cap
¥873.14 billion
Rev. per Employee
¥129.74M
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,061.00
+35.00 +3.41%
Volume: 10.08M
Aug. 4, 2020 11:30a
P/E Ratio
N/A
Dividend Yield
0.42%
Market Cap
¥1308.79 billion
Rev. per Employee
¥74.20M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,701.50
+92.50 +3.55%
Volume: 1.95M
Aug. 4, 2020 11:30a
P/E Ratio
10.43
Dividend Yield
0.00%
Market Cap
¥4357.96 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 8,665.00
+351.00 +4.22%
Volume: 5.81M
Aug. 4, 2020 11:30a
P/E Ratio
18.80
Dividend Yield
0.52%
Market Cap
¥9854.01 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 61.70
-0.30 -0.48%
Volume: 2.17M
Aug. 4, 2020 10:44a
P/E Ratio
29.77
Dividend Yield
0.65%
Market Cap
HK$74.56 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 52.80
+0.35 +0.67%
Volume: 980,380
Aug. 4, 2020 10:45a
P/E Ratio
17.60
Dividend Yield
1.72%
Market Cap
HK$228.90 billion
Rev. per Employee
HK$1.44M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.64
+0.01 +0.38%
Volume: 26.21M
Aug. 4, 2020 10:44a
P/E Ratio
21.95
Dividend Yield
6.00%
Market Cap
HK$856.88 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 70.55
+1.20 +1.73%
Volume: 8.07M
Aug. 4, 2020 10:45a
P/E Ratio
16.35
Dividend Yield
1.79%
Market Cap
HK$844.19 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/210444196/delayed
TW : Taiwan
NT$ 3,815.00
+15.00 +0.39%
Volume: 257,000
Aug. 4, 2020 10:39a
P/E Ratio
18.18
Dividend Yield
2.07%
Market Cap
NT$513.09 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.46
+0.03 +2.11%
Volume: 5.16M
Aug. 4, 2020 12:39p
P/E Ratio
5.80
Dividend Yield
1.37%
Market Cap
$3.23 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207744791/delayed
AU : Australia: Sydney
$ 0.09
+0.0050 +6.17%
Volume: 0.00
April 9, 2020 4:10p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$726.00 million
Rev. per Employee
$561,344
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.