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June 3, 2019, 9:04 a.m. EDT

Asian markets mostly lower as trade tensions show no sign of fading

Nikkei retreats, along with stocks in China

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By Marketwatch and Associated Press


Reuters
An employee works at the Maanshan steel and iron factory in Hefei, China. A private gauge said Monday that China’s factory activity was flat in May.

Asian markets were mostly lower in early trading Monday, as global trade tensions showed no signs of easing.

On Sunday, the White House said President Donald Trump was “deadly serious” about imposing punitive tariffs against all imports from Mexico unless the stream of migrants crossing the border was significantly slowed. Meanwhile, China blamed the U.S. for the breakdown in trade talks, and said it won’t back down, although it left the door open for further negotiations with the U.S.

On Monday, the private Caixin gauge found China’s factory activity was flat in May, though still in expansion territory, contrary to previous data that indicated cooling manufacturing activity.

Japan’s Nikkei closed down 0.9% /zigman2/quotes/210597971/delayed JP:NIK -2.37%   and the Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.66%   was flat. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.57%   slipped 0.3% while South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.01%   rose 1.3%. Benchmark indexes were down in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -1.27%   and Singapore /zigman2/quotes/210597985/delayed SG:STI -0.77%  , and Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.84%   fell 1.2%.

Among individual stocks, SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 -4.75%   fell in Tokyo trading after the Wall Street Journal reported money managers have been cool to its bid to start a new $100 mega fund. Nippon Steel /zigman2/quotes/209782682/delayed JP:5401 +0.88%   and Toyota /zigman2/quotes/203803129/delayed JP:7203 -2.43%   also dropped. In Hong Kong, China Mobile /zigman2/quotes/200868736/delayed HK:941 -0.63%   gained while casino operator Sands China /zigman2/quotes/207609245/delayed HK:1928 -2.27%   and property developer Country Garden /zigman2/quotes/201681083/delayed HK:2007 0.00%   slipped. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.88%   and LG Electronics /zigman2/quotes/209966407/delayed KR:066570 -1.58%   surged in South Korea. In Australia, BHP /zigman2/quotes/201448516/delayed AU:BHP -1.29%  , Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -1.86%   and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -1.97%   fell.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,893.89
-532.30 -2.37%
Volume: 0.00
Feb. 27, 2020 1:53p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,519.65
-176.84 -0.66%
Volume: 818,332
Feb. 27, 2020 12:05p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,004.99
+17.07 +0.57%
Volume: 22.03B
Feb. 27, 2020 12:58p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,055.85
-20.92 -1.01%
Volume: 396,101
Feb. 27, 2020 1:53p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,288.83
-144.79 -1.27%
Volume: 0.00
Feb. 27, 2020 12:53p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,093.56
-23.96 -0.77%
Volume: 0.00
Feb. 27, 2020 12:58p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,651.70
-56.40 -0.84%
Volume: 750,962
Feb. 27, 2020 3:53p
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,158.00
-257.00 -4.75%
Volume: 13.82M
Feb. 27, 2020 1:53p
P/E Ratio
34.61
Dividend Yield
0.85%
Market Cap
¥11309.60 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/209782682/delayed
JP : Japan: Tokyo
¥ 1,266.00
+11.00 +0.88%
Volume: 4.93M
Feb. 27, 2020 1:53p
P/E Ratio
N/A
Dividend Yield
0.79%
Market Cap
¥1169.74 billion
Rev. per Employee
¥64.38M
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,362.00
-183.00 -2.43%
Volume: 5.10M
Feb. 27, 2020 1:53p
P/E Ratio
8.51
Dividend Yield
2.99%
Market Cap
¥21412.80 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/200868736/delayed
HK : Hong Kong
HK$ 62.70
-0.40 -0.63%
Volume: 9.76M
Feb. 27, 2020 11:59a
P/E Ratio
10.32
Dividend Yield
4.65%
Market Cap
HK$1322.72 billion
Rev. per Employee
HK$1.88M
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/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 36.65
-0.85 -2.27%
Volume: 6.34M
Feb. 27, 2020 11:59a
P/E Ratio
18.61
Dividend Yield
5.43%
Market Cap
HK$310.59 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.54
0.00 0.00%
Volume: 9.51M
Feb. 27, 2020 11:59a
P/E Ratio
5.37
Dividend Yield
5.67%
Market Cap
HK$225.10 billion
Rev. per Employee
HK$3.60M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
56,000.00
-500.00 -0.88%
Volume: 16.35M
Feb. 27, 2020 1:53p
P/E Ratio
17.69
Dividend Yield
2.53%
Market Cap
₩393295.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
62,300.00
-1,000 -1.58%
Volume: 303,627
Feb. 27, 2020 1:53p
P/E Ratio
61.29
Dividend Yield
1.20%
Market Cap
₩11344.20 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 35.09
-0.46 -1.29%
Volume: 6.17M
Feb. 27, 2020 3:53p
P/E Ratio
13.13
Dividend Yield
6.20%
Market Cap
$183.71 billion
Rev. per Employee
N/A
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/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 90.18
-1.71 -1.86%
Volume: 1.63M
Feb. 27, 2020 3:53p
P/E Ratio
8.22
Dividend Yield
9.95%
Market Cap
$152.04 billion
Rev. per Employee
$1.14M
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.86
-0.04 -1.97%
Volume: 14.34M
Feb. 27, 2020 3:53p
P/E Ratio
7.43
Dividend Yield
1.07%
Market Cap
$4.54 billion
Rev. per Employee
N/A
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