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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

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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 +0.18%   gained 0.8% while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.48%   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 -1.32%   and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.17%   last about flat. Stocks fell in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.38%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.18%   but rose in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.06%  and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.21%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.31%   advanced 0.3%. South Korea’s Kospi was closed for a holiday.

Among individual stocks, Yahoo Japan /zigman2/quotes/207641152/delayed JP:4689 +0.30%   rose in Tokyo trading on reports it would buy a majority stake in e-commerce giant Zozo /zigman2/quotes/206072585/delayed JP:3092 +0.36%  . Rival Rakuten /zigman2/quotes/201861450/delayed JP:4755 +2.43%   fell on the news, while Honda /zigman2/quotes/200490352/delayed JP:7267 -0.03%   and Sony /zigman2/quotes/201361720/delayed JP:6758 -0.94%   gained. In Hong Kong, AAC /zigman2/quotes/201441510/delayed HK:2018 -0.65%   and Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -1.17%   rose while PetroChina /zigman2/quotes/204979431/delayed HK:857 -0.73%   and AIA Group /zigman2/quotes/203565558/delayed HK:1299 -0.53%   declined. Largan Precision /zigman2/quotes/210444196/delayed TW:3008 -2.05%   gained again in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -0.43%   fell in Australia while Virgin Australia /zigman2/quotes/207744791/delayed AU:VAH -1.56%   gained.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,492.68
+40.82 +0.18%
Volume: 0.00
Oct. 18, 2019 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,719.58
-128.91 -0.48%
Volume: 1.54M
Oct. 18, 2019 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,938.14
-39.19 -1.32%
Volume: 15.00B
Oct. 18, 2019 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,616.72
-19.20 -1.17%
Volume: 23.80B
Oct. 18, 2019 3:00p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,114.16
-11.98 -0.38%
Volume: 0.00
Oct. 18, 2019 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,191.95
+10.93 +0.18%
Volume: 0.00
Oct. 18, 2019 4:00p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,180.22
-6.66 -0.06%
Volume: 0.00
Oct. 18, 2019 1:31p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,571.15
-3.35 -0.21%
Volume: 0.00
Oct. 18, 2019 5:05p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,629.20
-20.50 -0.31%
Volume: 61,316
Oct. 21, 2019 10:36a
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/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 332.00
+1.00 +0.30%
Volume: 14.23M
Oct. 18, 2019 3:00p
P/E Ratio
23.51
Dividend Yield
2.67%
Market Cap
¥1581.12 billion
Rev. per Employee
¥77.26M
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/zigman2/quotes/206072585/delayed
JP : Japan: Tokyo
¥ 2,525.00
+9.00 +0.36%
Volume: 3.26M
Oct. 18, 2019 3:00p
P/E Ratio
44.95
Dividend Yield
1.19%
Market Cap
¥770.87 billion
Rev. per Employee
¥129.74M
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,055.00
+25.00 +2.43%
Volume: 10.41M
Oct. 18, 2019 3:00p
P/E Ratio
8.10
Dividend Yield
0.43%
Market Cap
¥1428.44 billion
Rev. per Employee
¥74.20M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,908.50
-1.00 -0.03%
Volume: 3.25M
Oct. 18, 2019 3:00p
P/E Ratio
9.51
Dividend Yield
3.85%
Market Cap
¥5117.75 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,449.00
-61.00 -0.94%
Volume: 4.65M
Oct. 18, 2019 3:00p
P/E Ratio
9.90
Dividend Yield
0.62%
Market Cap
¥8040.64 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 45.75
-0.30 -0.65%
Volume: 6.01M
Oct. 18, 2019 4:08p
P/E Ratio
17.45
Dividend Yield
3.13%
Market Cap
HK$55.29 billion
Rev. per Employee
HK$411,637
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/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 50.60
-0.60 -1.17%
Volume: 9.07M
Oct. 18, 2019 4:08p
P/E Ratio
16.92
Dividend Yield
1.80%
Market Cap
HK$219.00 billion
Rev. per Employee
HK$1.44M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 4.06
-0.03 -0.73%
Volume: 58.70M
Oct. 18, 2019 4:08p
P/E Ratio
13.78
Dividend Yield
3.88%
Market Cap
HK$743.07 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 75.35
-0.40 -0.53%
Volume: 30.16M
Oct. 18, 2019 4:08p
P/E Ratio
24.01
Dividend Yield
1.57%
Market Cap
HK$907.77 billion
Rev. per Employee
HK$12.98M
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/zigman2/quotes/210444196/delayed
TW : Taiwan
NT$ 4,305.00
-90.00 -2.05%
Volume: 610,357
Oct. 18, 2019 1:30p
P/E Ratio
21.98
Dividend Yield
1.58%
Market Cap
NT$577.47 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 2.34
-0.01 -0.43%
Volume: 932,768
Oct. 21, 2019 10:36a
P/E Ratio
9.26
Dividend Yield
0.85%
Market Cap
$5.36 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207744791/delayed
AU : Australia: Sydney
$ 0.16
-0.0025 -1.56%
Volume: 15,077
Oct. 21, 2019 10:31a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.35 billion
Rev. per Employee
$561,344
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