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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 -0.65%   closed down 0.5%, while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.57%   climbed 1%. Hong Kong’s Hang Seng index /zigman2/quotes/210598030/delayed HK:HSI +0.55%   gained 0.4%, while the Shanghai Composite index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.09%   finished off 0.7%. Australia’s S&P ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.15%  rose 0.2%. Stocks rose in Southeast Asia and Taiwan  .

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 -2.27%  , Toyota /zigman2/quotes/200490352/delayed JP:7267 +0.22%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -5.10%   all slipped in Tokyo trading. In Seoul, SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +3.00%   and Posco /zigman2/quotes/201759282/delayed KR:005490 +1.62%   jumped. Real estate companies led gains in Hong Kong, with Country Garden /zigman2/quotes/201681083/delayed HK:2007 +4.10%  , China Resources Land /zigman2/quotes/202417326/delayed HK:1109 +2.45%   and China Overseas Land & Investment /zigman2/quotes/205731176/delayed HK:688 +2.76%   rising. Mining stocks surged in Australia, with Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -1.63%  , Fortescue Mining /zigman2/quotes/202351558/delayed AU:FMG -0.12%   and BHP /zigman2/quotes/201448516/delayed AU:BHP -0.48%   posting sizeable gains.

U.S. indexes reflected a mixed draw of corporate earnings on Tuesday. 3M /zigman2/quotes/205029460/composite MMM +0.42%  , the maker of Post-it notes, industrial coatings and ceramics, posted upbeat fourth quarter results. Harley-Davidson /zigman2/quotes/207565294/composite HOG +2.24%   reported a drop in sales. Apple /zigman2/quotes/202934861/composite AAPL -0.86%   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 +1.66%   retreated 0.1% to 2,640.00 while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.98%   was up 0.2% at 24,579.96. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +1.06%  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 +0.3564%   eased to 109.41 yen from 109.35 yen late Tuesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,753.37
-182.25 -0.65%
Volume: 0.00
Dec. 2, 2021 3:15p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,945.27
+45.55 +1.57%
Volume: 534,461
Dec. 2, 2021 3:32p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,788.93
+130.01 +0.55%
Volume: 2.33M
Dec. 2, 2021 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,573.84
-3.05 -0.09%
Volume: 35.40B
Dec. 2, 2021 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,225.20
-10.70 -0.15%
Volume: 652,444
Dec. 2, 2021 5:30p
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 13,580.00
-315.00 -2.27%
Volume: 4.46M
Dec. 2, 2021 3:00p
P/E Ratio
18.80
Dividend Yield
0.44%
Market Cap
¥17233.79 billion
Rev. per Employee
¥83.01M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,182.00
+7.00 +0.22%
Volume: 5.33M
Dec. 2, 2021 3:00p
P/E Ratio
6.20
Dividend Yield
3.46%
Market Cap
¥5472.30 billion
Rev. per Employee
¥62.31M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,599.00
-301.00 -5.10%
Volume: 28.55M
Dec. 2, 2021 3:00p
P/E Ratio
3.36
Dividend Yield
0.00%
Market Cap
¥10107.37 billion
Rev. per Employee
¥202.77M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
120,000
+3,500 +3.00%
Volume: 6.98M
Dec. 2, 2021 3:30p
P/E Ratio
10.23
Dividend Yield
0.98%
Market Cap
₩80107.81 billion
Rev. per Employee
₩1.10B
loading...
/zigman2/quotes/201759282/delayed
KR : S. Korea: KRX
281,500
+4,500 +1.62%
Volume: 558,575
Dec. 2, 2021 3:30p
P/E Ratio
3.70
Dividend Yield
5.86%
Market Cap
₩20948.28 billion
Rev. per Employee
₩3.22B
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
$ 7.11
+0.28 +4.10%
Volume: 53.84M
Dec. 2, 2021 4:08p
P/E Ratio
3.77
Dividend Yield
7.90%
Market Cap
$156.22 billion
Rev. per Employee
$5.54M
loading...
/zigman2/quotes/202417326/delayed
HK : Hong Kong
$ 33.40
+0.80 +2.45%
Volume: 10.58M
Dec. 2, 2021 4:08p
P/E Ratio
6.50
Dividend Yield
4.55%
Market Cap
$232.47 billion
Rev. per Employee
$4.24M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
$ 18.64
+0.50 +2.76%
Volume: 24.94M
Dec. 2, 2021 4:08p
P/E Ratio
3.97
Dividend Yield
6.33%
Market Cap
$198.54 billion
Rev. per Employee
$34.63M
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 94.20
-1.56 -1.63%
Volume: 1.31M
Dec. 2, 2021 4:10p
P/E Ratio
6.16
Dividend Yield
13.56%
Market Cap
$144.58 billion
Rev. per Employee
$1.36M
loading...
/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 17.25
-0.02 -0.12%
Volume: 7.30M
Dec. 2, 2021 4:10p
P/E Ratio
3.89
Dividend Yield
20.75%
Market Cap
$53.15 billion
Rev. per Employee
$2.94M
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 39.71
-0.19 -0.48%
Volume: 6.89M
Dec. 2, 2021 4:10p
P/E Ratio
13.42
Dividend Yield
10.14%
Market Cap
$199.34 billion
Rev. per Employee
N/A
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/zigman2/quotes/205029460/composite
US : U.S.: NYSE
$ 171.45
+0.72 +0.42%
Volume: 1.21M
Dec. 2, 2021 12:23p
P/E Ratio
16.83
Dividend Yield
3.45%
Market Cap
$98.38 billion
Rev. per Employee
$338,825
loading...
/zigman2/quotes/207565294/composite
US : U.S.: NYSE
$ 37.45
+0.82 +2.24%
Volume: 344,514
Dec. 2, 2021 12:23p
P/E Ratio
10.90
Dividend Yield
1.61%
Market Cap
$5.64 billion
Rev. per Employee
$881,386
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 163.35
-1.42 -0.86%
Volume: 74.98M
Dec. 2, 2021 12:23p
P/E Ratio
28.94
Dividend Yield
0.54%
Market Cap
$2703.28 billion
Rev. per Employee
$2.38M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,588.16
+75.12 +1.66%
Volume: 1.25B
Dec. 2, 2021 12:23p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,695.50
+673.46 +1.98%
Volume: 216.31M
Dec. 2, 2021 12:23p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
15,416.24
+162.19 +1.06%
Volume: 2.34M
Dec. 2, 2021 12:23p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
113.1810
+0.4020 +0.3564%
Volume: 0.0000
Dec. 2, 2021 12:23p
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