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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 +0.74%   was nearly flay, while Hong Hong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.34%   slipped 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.38%   fell 0.2% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.80%   dipped 0.1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.58%   sank 1.4% while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +1.29%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.22%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.46%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +1.10%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.58%   advanced 0.7%.

Sony /zigman2/quotes/201361720/delayed JP:6758 +0.52%   gained in Tokyo trading while SoftBank /zigman2/quotes/207303954/delayed JP:9984 +3.59%   sank, while in Hong Kong, Wharf Real Estate /zigman2/quotes/205885756/delayed HK:1997 +0.23%   rose as HSBC /zigman2/quotes/202687335/delayed HK:5 +1.27%   and PetroChina /zigman2/quotes/204979431/delayed HK:857 +0.38%   fell. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.46%   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 +0.83%   fell 80.12 points, or 0.3%, to close at 27,896.72, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.39%   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 +1.97%   rose 30.27 points, or 0.3%, higher to close at 11,042.50.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,735.41
+212.15 +0.74%
Volume: 0.00
Jan. 21, 2021 10:51a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,862.02
-100.45 -0.34%
Volume: 502,163
Jan. 21, 2021 9:56a
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,596.69
+13.60 +0.38%
Volume: 7.69B
Jan. 21, 2021 9:56a
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,431.83
+19.28 +0.80%
Volume: 10.28B
Jan. 21, 2021 9:56a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,132.60
+18.05 +0.58%
Volume: 609,078
Jan. 21, 2021 10:51a
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
16,009.38
+203.20 +1.29%
Volume: 0.00
Jan. 21, 2021 9:51a
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,005.43
+6.66 +0.22%
Volume: 0.00
Jan. 21, 2021 9:56a
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,608.88
+7.34 +0.46%
Volume: 0.00
Jan. 21, 2021 9:56a
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,500.65
+70.89 +1.10%
Volume: 0.00
Jan. 21, 2021 9:01a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,809.90
+39.50 +0.58%
Volume: 291,503
Jan. 21, 2021 12:51p
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 10,645.00
+55.00 +0.52%
Volume: 1.32M
Jan. 21, 2021 10:51a
P/E Ratio
14.24
Dividend Yield
0.42%
Market Cap
¥13081.87 billion
Rev. per Employee
¥73.75M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 9,006.00
+312.00 +3.59%
Volume: 12.02M
Jan. 21, 2021 10:51a
P/E Ratio
41.14
Dividend Yield
0.00%
Market Cap
¥16459.08 billion
Rev. per Employee
¥76.45M
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/zigman2/quotes/205885756/delayed
HK : Hong Kong
HK$ 43.10
+0.10 +0.23%
Volume: 1.05M
Jan. 21, 2021 9:56a
P/E Ratio
N/A
Dividend Yield
3.97%
Market Cap
HK$133.44 billion
Rev. per Employee
HK$5.68M
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/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 43.80
+0.55 +1.27%
Volume: 3.47M
Jan. 21, 2021 9:56a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$884.54 billion
Rev. per Employee
HK$3.14M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.64
+0.01 +0.38%
Volume: 11.43M
Jan. 21, 2021 9:56a
P/E Ratio
22.88
Dividend Yield
5.47%
Market Cap
HK$879.81 billion
Rev. per Employee
HK$5.79M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
86,800.00
-400.00 -0.46%
Volume: 8.19M
Jan. 21, 2021 10:51a
P/E Ratio
23.70
Dividend Yield
1.63%
Market Cap
₩582239.69 billion
Rev. per Employee
₩2.19B
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,188.38
+257.86 +0.83%
Volume: 384.98M
Jan. 20, 2021 4:58p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,851.85
+52.94 +1.39%
Volume: 2.34B
Jan. 20, 2021 4:58p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
13,457.25
+260.07 +1.97%
Volume: 6.31M
Jan. 20, 2021 5:16p
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