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Jan. 30, 2019, 7:25 a.m. EST

Asian markets mostly higher ahead of Fed meeting, latest trade talks

Nikkei, Shanghai indexes retreat, Hang Seng gains

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By Associated Press and Marketwatch


Bloomberg News
Pedestrians walk past an Apple Inc. store entrance in Shanghai on Tuesday.

Asian markets saw a mixed session Wednesday as traders awaited a Federal Reserve policy meeting and U.S.-China talks, with Japan and Hong Kong benchmarks declining.

Japan’s Nikkei 225 index /zigman2/quotes/210597971/delayed JP:NIK -0.73%   closed down 0.5%, while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.11%   climbed 1%. Hong Kong’s Hang Seng index /zigman2/quotes/210598030/delayed HK:HSI -2.19%   gained 0.4%, while the Shanghai Composite index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.57%   finished off 0.7%. Australia’s S&P ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -2.51%  rose 0.2%. Stocks rose in Southeast Asia and Taiwan  .

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 +1.46%  , Toyota /zigman2/quotes/200490352/delayed JP:7267 -3.18%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.35%   all slipped in Tokyo trading. In Seoul, SK Hynix /zigman2/quotes/206420319/delayed KR:000660 0.00%   and Posco /zigman2/quotes/201759282/delayed KR:005490 -0.65%   jumped. Real estate companies led gains in Hong Kong, with Country Garden /zigman2/quotes/201681083/delayed HK:2007 -2.67%  , China Resources Land /zigman2/quotes/202417326/delayed HK:1109 -1.72%   and China Overseas Land & Investment /zigman2/quotes/205731176/delayed HK:688 -0.42%   rising. Mining stocks surged in Australia, with Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -2.56%  , Fortescue Mining /zigman2/quotes/202351558/delayed AU:FMG -3.77%   and BHP /zigman2/quotes/201448516/delayed AU:BHP -2.18%   posting sizeable gains.

U.S. indexes reflected a mixed draw of corporate earnings on Tuesday. 3M /zigman2/quotes/205029460/lastsale MMM -2.47%  , the maker of Post-it notes, industrial coatings and ceramics, posted upbeat fourth quarter results. Harley-Davidson /zigman2/quotes/207565294/lastsale HOG -8.66%   reported a drop in sales. Apple /zigman2/quotes/202934861/lastsale AAPL -5.26%   announced better-than-expected earnings, and its shares surged 5.7% to $163.50 in after-hours trading. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.41%   retreated 0.1% to 2,640.00 while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -4.44%   was up 0.2% at 24,579.96. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -4.41%  shed 0.8% to 7,028.29.

All eyes are on a Federal Open Market Committee meeting ending Wednesday. Although the Fed is expected to leave its short-term interest rate unchanged, the nuances of a press conference by Chairman Jerome Powell will be closely watched.

American and Chinese officials will begin two days of trade talks in Washington. President Donald Trump will reportedly meet Chinese Vice Premier Liu He in an attempt to move negotiations forward. But the Justice Department’s charges against Chinese tech giant Huawei, its subsidiaries and a top company executive may be a hurdle. China has urged U.S. authorities to end what it called an “unreasonable crackdown” against Huawei, which has been accused of stealing technology and violating sanctions on Iran.

“Asia’s markets are trading quietly sideways this morning, and we would expect that to be the theme of the day as the event-risk needle swings much higher from tonight in North America,” Jeffrey Halley of Oanda said in a market commentary.

Benchmark U.S. crude   rose 53 cents to $53.84 per barrel in electronic trading on the New York Mercantile Exchange. It gained $1.32 to settle at $53.31 per barrel on Tuesday. Brent crude  , used to price international oils, picked up 65 cents to $61.85 per barrel. The contract added $1.39 to $61.20 per barrel in London.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.1932%   eased to 109.41 yen from 109.35 yen late Tuesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
17,933.37
-132.04 -0.73%
Volume: 0.00
April 2, 2020 9:32a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
1,683.66
-1.80 -0.11%
Volume: 193,049
April 2, 2020 9:32a
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,085.79
-517.69 -2.19%
Volume: 2.88M
April 1, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,734.52
-15.77 -0.57%
Volume: 21.73B
April 1, 2020 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,126.40
-132.20 -2.51%
Volume: 264,259
April 2, 2020 11:32a
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,319.00
+91.00 +1.46%
Volume: 2.07M
April 2, 2020 9:32a
P/E Ratio
12.18
Dividend Yield
0.71%
Market Cap
¥7797.77 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,223.50
-73.00 -3.18%
Volume: 1.32M
April 2, 2020 9:32a
P/E Ratio
8.28
Dividend Yield
5.04%
Market Cap
¥4245.00 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 3,662.00
-13.00 -0.35%
Volume: 8.06M
April 2, 2020 9:32a
P/E Ratio
24.57
Dividend Yield
1.20%
Market Cap
¥7846.29 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
78,400.00
0.00 0.00%
Volume: 1.13M
April 2, 2020 9:32a
P/E Ratio
26.64
Dividend Yield
1.28%
Market Cap
₩56977.30 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201759282/delayed
KR : S. Korea: KRX
154,000
-1,000 -0.65%
Volume: 62,606
April 2, 2020 9:32a
P/E Ratio
6.75
Dividend Yield
6.49%
Market Cap
₩12898.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 9.13
-0.25 -2.67%
Volume: 28.04M
April 1, 2020 4:08p
P/E Ratio
4.51
Dividend Yield
6.82%
Market Cap
HK$202.25 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/202417326/delayed
HK : Hong Kong
HK$ 31.45
-0.55 -1.72%
Volume: 17.07M
April 1, 2020 4:08p
P/E Ratio
6.75
Dividend Yield
3.72%
Market Cap
HK$228.19 billion
Rev. per Employee
HK$3.68M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 23.95
-0.10 -0.42%
Volume: 18.57M
April 1, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
4.26%
Market Cap
HK$263.50 billion
Rev. per Employee
HK$30.79M
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 86.14
-2.26 -2.56%
Volume: 389,199
April 2, 2020 11:32a
P/E Ratio
12.28
Dividend Yield
7.63%
Market Cap
$137.41 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 9.96
-0.39 -3.77%
Volume: 4.75M
April 2, 2020 11:32a
P/E Ratio
4.29
Dividend Yield
10.04%
Market Cap
$30.78 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 29.57
-0.66 -2.18%
Volume: 1.92M
April 2, 2020 11:32a
P/E Ratio
11.06
Dividend Yield
7.21%
Market Cap
$146.54 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205029460/lastsale
US : U.S.: NYSE
$ 133.14
-3.37 -2.47%
Volume: 3.78M
April 1, 2020 6:30p
P/E Ratio
17.05
Dividend Yield
4.42%
Market Cap
$78.53 billion
Rev. per Employee
$350,368
loading...
/zigman2/quotes/207565294/lastsale
US : U.S.: NYSE
$ 17.29
-1.64 -8.66%
Volume: 3.50M
April 1, 2020 6:30p
P/E Ratio
6.49
Dividend Yield
8.79%
Market Cap
$2.90 billion
Rev. per Employee
$1.08M
loading...
/zigman2/quotes/202934861/lastsale
US : U.S.: Nasdaq
$ 240.91
-13.38 -5.26%
Volume: 44.05M
April 1, 2020 4:00p
P/E Ratio
19.03
Dividend Yield
1.28%
Market Cap
$1112.64 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
2,470.50
-114.09 -4.41%
Volume: 3.67B
April 1, 2020 5:09p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
20,943.51
-973.65 -4.44%
Volume: 508.31M
April 1, 2020 5:09p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
7,360.58
-339.52 -4.41%
Volume: 3.23M
April 1, 2020 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.3720
+0.2070 +0.1932%
Volume: 0.0000
April 1, 2020 8:52p
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