Bulletin
Investor Alert

New York Markets Open in:

Asia Markets Archives | Email alerts

Sept. 18, 2018, 6:24 a.m. EDT

Shanghai stocks bounce back from nearly 4-year low as U.S.-China tariff fight hits another level

Japan’s Nikkei reopens to gains and the highest level in months

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Shanghai Composite Index (SHCOMP)
  • X
    Shenzhen Composite Index (399106)
  • X
    Hang Seng Index (HSI)

or Cancel Already have a watchlist? Log In

By Dow Jones Newswire


Bloomberg News
Casinos and hotels reopened in Macau, China on Monday, but Macau casino stocks retreated after Typhoon Mangkhut forced a 33-hour shutdown of the worlds biggest gambling hub.

Asian stock markets largely gained Tuesday, as investors generally shrugged off the latest round of U.S. tariffs on $200 billion of Chinese goods set to go into effect next week.

Read: Trump to impose another $200 billion in tariffs on Chinese goods

Chinese stocks gained after a rough stretch, showing scant initial reaction to the U.S. confirming that another round of import tariffs are on the way. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.84%  , after notching a nearly four-year closing low Monday, bounced back to gain 1.8%. The smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +2.15%  rose nearly 1.7%.

Hong Kong stocks recovered Tuesday, having dropped in 10 of 14 trading days, with the Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -0.17%  up nearly 0.6%. There were trouble spots, however. Tencent /zigman2/quotes/204605823/delayed HK:700 -0.34%  slipped 0.4%, while Macau casino stocks wavered as the enclave gets up and running after Sunday’s typhoon prompted a day-long closure of the facilities. Nomura is predicting that the storm will cut this month’s gross-gaming revenue growth by some 5 percentage points. The investment bank had been predicting mid-teens growth in September for the metric before typhoon Mangkhut’s arrival.

After a holiday Monday, trading resumed in Japan with the Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.34%   jumping 1.4% to hit fresh 7½-month highs. Big insurers contributed, including a more than 4% gain for Dai-ichi Life /zigman2/quotes/208507587/delayed JP:8750 -0.09%   and a 4.8% gain for T&D /zigman2/quotes/208425761/delayed JP:8795 +0.08%  as 10-year Treasury yields returned to 3%. Meanwhile, 10-year JGB yields /zigman2/quotes/211347248/realtime BX:TMBMKJP-10Y +16.81%   were up a half basis point at nearly 0.12%.

Tech names were weaker initially following the slide in the Nasdaq on Monday but some recovered, with TDK /zigman2/quotes/208948266/delayed JP:6762 +1.06%   ending up 1.1%. Tokyo Electron /zigman2/quotes/202883609/delayed JP:8035 +0.10%   initially fell about 2% before recovering somewhat to close down 0.3%. The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.6825%   continued to rebound, climbing to ¥111.80, also providing a boost to a number of Japanese export stocks.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.67%   was up 0.3%, as the leaders of North and South Korea kicked off a three-day summit. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.33%   rose nearly 0.8%. Taiwan’s Taiex   fell 0.6% as tech names such as Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.31%    and Largan Precision /zigman2/quotes/210444196/delayed TW:3008 -0.74%   tumbled.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.25%   dipped 0.3% as the energy sector continued its decline. Mining giant BHP Billiton /zigman2/quotes/201448516/delayed AU:BHP +0.05%   was down 0.4% as it announced it was dropping “Billiton” from its name. New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.70%   rose slightly.

Stocks in Southeast Asia lagged, with benchmarks in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.47%   and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.05%   dropping slightly.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,030.15
+54.75 +1.84%
Volume: 34.57B
Feb. 20, 2020 3:00p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,886.14
+39.74 +2.15%
Volume: 55.17B
Feb. 20, 2020 3:00p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,609.16
-46.65 -0.17%
Volume: 1.58M
Feb. 20, 2020 4:08p
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 410.00
-1.40 -0.34%
Volume: 16.58M
Feb. 20, 2020 4:08p
P/E Ratio
39.96
Dividend Yield
0.24%
Market Cap
HK$3898.69 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
23,479.15
+78.45 +0.34%
Volume: 0.00
Feb. 20, 2020 3:15p
loading...
/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 1,629.50
-1.50 -0.09%
Volume: 3.08M
Feb. 20, 2020 3:00p
P/E Ratio
9.25
Dividend Yield
3.80%
Market Cap
¥1846.64 billion
Rev. per Employee
¥103.65M
loading...
/zigman2/quotes/208425761/delayed
JP : Japan: Tokyo
¥ 1,215.00
+1.00 +0.08%
Volume: 1.81M
Feb. 20, 2020 3:00p
P/E Ratio
12.04
Dividend Yield
3.62%
Market Cap
¥729.23 billion
Rev. per Employee
¥153.74M
loading...
/zigman2/quotes/211347248/realtime
add Add to watchlist BX:TMBMKJP-10Y
BX : Tullett Prebon
-0.04
+0.0077 +16.81%
Volume: 0.00
Feb. 20, 2020 6:00p
loading...
/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 11,450.00
+120.00 +1.06%
Volume: 1.26M
Feb. 20, 2020 3:00p
P/E Ratio
15.56
Dividend Yield
1.57%
Market Cap
¥1431.11 billion
Rev. per Employee
¥13.41M
loading...
/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 25,165.00
+25.00 +0.10%
Volume: 1.03M
Feb. 20, 2020 3:00p
P/E Ratio
21.15
Dividend Yield
2.14%
Market Cap
¥3909.28 billion
Rev. per Employee
¥110.09M
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
112.1220
+0.7600 +0.6825%
Volume: 0.0000
Feb. 20, 2020 6:37a
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,195.50
-14.84 -0.67%
Volume: 709,563
Feb. 20, 2020 3:30p
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
60,000.00
-200.00 -0.33%
Volume: 14.59M
Feb. 20, 2020 3:30p
P/E Ratio
16.56
Dividend Yield
2.36%
Market Cap
₩408919.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 325.50
-1.00 -0.31%
Volume: 27.01M
Feb. 20, 2020 1:30p
P/E Ratio
24.45
Dividend Yield
2.92%
Market Cap
NT$8466.28 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210444196/delayed
TW : Taiwan
NT$ 4,690.00
-35.00 -0.74%
Volume: 325,278
Feb. 20, 2020 1:30p
P/E Ratio
23.77
Dividend Yield
1.45%
Market Cap
NT$633.81 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,162.50
+17.90 +0.25%
Volume: 797,553
Feb. 20, 2020 5:23p
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 38.52
+0.02 +0.05%
Volume: 4.98M
Feb. 20, 2020 4:10p
P/E Ratio
16.21
Dividend Yield
5.54%
Market Cap
$194.68 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,064.86
+83.83 +0.70%
Volume: 0.00
Feb. 20, 2020 5:01p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,198.68
-15.03 -0.47%
Volume: 0.00
Feb. 20, 2020 5:20p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,534.98
+0.82 +0.05%
Volume: 0.00
Feb. 20, 2020 5:05p
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.