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Aug. 13, 2020, 11:55 p.m. EDT

Asian markets muted as traders warily await U.S. stimulus deal

Nikkei about flat, while stocks fall in Seoul

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By Marketwatch


AFP/Getty Images
Visitors holding Korean traditional lanterns look around during a 'moonlight tour' at Changdeokgung Palace, a UNESCO World Cultural Heritage site, in Seoul on Thursday.

Asian markets were little changed in early trading Friday, after stocks fell on Wall Street as the stalemate over a second coronavirus-aid plan continued to fester on Capitol Hill.

Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.51%   was nearly flay, while Hong Hong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.32%   slipped 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.12%   fell 0.2% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.23%   dipped 0.1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.27%   sank 1.4% while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.26%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.88%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.56%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +2.13%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.51%   advanced 0.7%.

Sony /zigman2/quotes/201361720/delayed JP:6758 -0.67%   gained in Tokyo trading while SoftBank /zigman2/quotes/207303954/delayed JP:9984 +1.26%   sank, while in Hong Kong, Wharf Real Estate /zigman2/quotes/205885756/delayed HK:1997 -0.81%   rose as HSBC /zigman2/quotes/202687335/delayed HK:5 -1.40%   and PetroChina /zigman2/quotes/204979431/delayed HK:857 -0.43%   fell. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.17%   declined in Seoul trading.

Asian stocks were muted as U.S. lawmakers’ “political grandstanding delay is posing some risk for the global recovery,” wrote Stephen Innes, chief global markets strategist at AxiCorp, in a note. “Still, there is no chance of this deal not going through ... and one thing investors feel confident about is that they like stocks higher, so look for dips to be bought on the expectation of the deal eventually going through.”

House Speaker Nancy Pelosi said Thursday the two sides remain “miles apart” in the stimulus talks, and Senate Majority Leader Mitch McConnell officially sent senators home for a three-week summer recess, though they may be recalled if there is a breakthrough to vote on.

U.S. stocks finished lower in listless trading. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.34%   fell 80.12 points, or 0.3%, to close at 27,896.72, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60%   lost 6.92 points, or 0.2%, to close at 3,373.43, after hitting an intraday peak at 3,387.24 to momentarily breach its Feb. 19 closing record at 3,386.15. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +2.26%   rose 30.27 points, or 0.3%, higher to close at 11,042.50.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,204.62
+116.80 +0.51%
Volume: 0.00
Sept. 25, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,235.42
-75.65 -0.32%
Volume: 1.79M
Sept. 25, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,219.42
-3.76 -0.12%
Volume: 16.48B
Sept. 25, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,143.05
-5.03 -0.23%
Volume: 27.28B
Sept. 25, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,278.79
+6.09 +0.27%
Volume: 697,961
Sept. 25, 2020 3:32p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,232.91
-31.47 -0.26%
Volume: 0.00
Sept. 25, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,472.28
+21.46 +0.88%
Volume: 0.00
Sept. 25, 2020 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,509.14
+8.34 +0.56%
Volume: 0.00
Sept. 25, 2020 5:05p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,945.79
+103.04 +2.13%
Volume: 0.00
Sept. 25, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,964.90
+89.00 +1.51%
Volume: 673,482
Sept. 25, 2020 5:03p
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 8,100.00
-55.00 -0.67%
Volume: 6.31M
Sept. 25, 2020 3:00p
P/E Ratio
15.33
Dividend Yield
0.62%
Market Cap
¥9893.59 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,164.00
+77.00 +1.26%
Volume: 12.87M
Sept. 25, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥11998.20 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/205885756/delayed
HK : Hong Kong
HK$ 30.65
-0.25 -0.81%
Volume: 3.36M
Sept. 25, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
5.58%
Market Cap
HK$93.06 billion
Rev. per Employee
HK$5.68M
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 28.20
-0.40 -1.40%
Volume: 42.47M
Sept. 25, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$568.22 billion
Rev. per Employee
HK$2.88M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.33
-0.01 -0.43%
Volume: 135.24M
Sept. 25, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
6.19%
Market Cap
HK$801.81 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
57,900.00
+100.00 +0.17%
Volume: 11.44M
Sept. 25, 2020 3:30p
P/E Ratio
18.11
Dividend Yield
2.45%
Market Cap
₩387370.81 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,173.96
+358.52 +1.34%
Volume: 391.73M
Sept. 25, 2020 5:06p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,913.56
+241.30 +2.26%
Volume: 3.38M
Sept. 25, 2020 5:16p
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