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March 19, 2019, 10:26 a.m. EDT

Asian markets muted, awaiting upcoming Fed meeting

Most benchmarks down slightly in early trading

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By Associated Press and Marketwatch


Getty Images
Outfielder Ichiro Suzuki waits to hit in an exhibition game between the Yomiuri Giants and Seattle Mariners in Tokyo on Monday.

Asian shares mostly fell in muted trading Tuesday as investors awaited the U.S. Federal Reserve meeting later in the week.

Japan’s benchmark Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -0.87%   finished flat. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.36%   was also unchanged and South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.46%   inched down less than 0.1%. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -1.70%  rose 0.2%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -1.29%   fell 0.2%.

Among individual stocks, Hitachi /zigman2/quotes/203839937/delayed JP:6501 +0.32%   jumped in Tokyo trading, while Nikon /zigman2/quotes/203281219/delayed JP:7731 -1.12%   and Rakuten /zigman2/quotes/201861450/delayed JP:4755 -2.76%   slid. In Hong Kong, Sino Biopharmaceutical x /zigman2/quotes/206921981/delayed HK:1177 -1.62%   and CSPC Pharmaceutical /zigman2/quotes/200847219/delayed HK:1093 -0.76%   surged, as Sunny /zigman2/quotes/206687505/delayed HK:2382 -3.08%  nd CNOOC /zigman2/quotes/203421416/delayed HK:883 -0.88%   fell. SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -3.54%   slipped in Korea, as did Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -1.52%   in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.54%  tumbled in Australia, while Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.58%   and BHP /zigman2/quotes/201448516/delayed AU:BHP -0.52%   gained.

U.S. stock indexes finished modestly higher Monday, extending the market’s solid gains from a rally last week.

The S&P 500 /zigman2/quotes/210599714/realtime SPX +1.86%   gained 10.46 points, or 0.4%, to 2,832.94. The benchmark index is now up 13% 2019 so far, which is a bigger gain than it’s had in four of the last five full years. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.98%   rose 65.23 points, or 0.3%, to 25,914.10.

The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +1.59%   added 25.95 points, or 0.3%, to 7,714.48.

On market players’ mind is the Federal Reserve meeting later in the week, and speculation it may slow its pace of increases for interest rates. The worry in December was that the central bank would raise rates too fast in the face of a slowing global economy and choke off growth. The Fed will meet to discuss interest-rate policy this week, with an announcement scheduled for Wednesday, but economists expect it to announce no change to rates.

Some economists say the Fed could release documents Wednesday that would suggest one rate increase in 2019, or possibly zero, after the Fed raised rates four times in 2018 and three times in 2017.

Benchmark U.S. crude oil   rose 18 cents to $59.27 a barrel. It rose 1 percent to $59.09 a barrel Tuesday. Brent crude   gained 34 cents to $67.88 a barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.2267%   fell to 111.21 yen from 111.56 yen Monday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
26,767.59
-233.93 -0.87%
Volume: 0.00
May 24, 2022 2:55p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,123.50
-25.40 -0.36%
Volume: 637,520
May 24, 2022 3:55p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,608.66
-38.72 -1.46%
Volume: 775,144
May 24, 2022 2:55p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
20,121.31
-348.75 -1.70%
Volume: 1.04M
May 24, 2022 2:00p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,106.26
-40.60 -1.29%
Volume: 31.77B
May 24, 2022 2:00p
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 6,645.00
+21.00 +0.32%
Volume: 1.73M
May 24, 2022 2:55p
P/E Ratio
11.02
Dividend Yield
1.88%
Market Cap
¥6417.71 billion
Rev. per Employee
¥29.26M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 1,507.00
-17.00 -1.12%
Volume: 1.72M
May 24, 2022 2:55p
P/E Ratio
13.04
Dividend Yield
2.65%
Market Cap
¥551.53 billion
Rev. per Employee
¥27.75M
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 741.00
-21.00 -2.76%
Volume: 22.01M
May 24, 2022 2:55p
P/E Ratio
N/A
Dividend Yield
0.61%
Market Cap
¥1209.92 billion
Rev. per Employee
¥61.12M
loading...
/zigman2/quotes/206921981/delayed
HK : Hong Kong
$ 4.24
-0.07 -1.62%
Volume: 15.46M
May 24, 2022 2:00p
P/E Ratio
N/A
Dividend Yield
1.89%
Market Cap
$79.64 billion
Rev. per Employee
$1.27M
loading...
/zigman2/quotes/200847219/delayed
HK : Hong Kong
$ 7.88
-0.06 -0.76%
Volume: 13.82M
May 24, 2022 2:00p
P/E Ratio
13.95
Dividend Yield
2.28%
Market Cap
$94.12 billion
Rev. per Employee
$1.36M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 110.00
-3.50 -3.08%
Volume: 2.65M
May 24, 2022 2:00p
P/E Ratio
20.04
Dividend Yield
1.02%
Market Cap
$128.48 billion
Rev. per Employee
$1.83M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
$ 11.20
-0.10 -0.88%
Volume: 86.46M
May 24, 2022 2:00p
P/E Ratio
5.90
Dividend Yield
2.68%
Market Cap
$509.71 billion
Rev. per Employee
$15.38M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
109,000
-4,000 -3.54%
Volume: 3.91M
May 24, 2022 2:55p
P/E Ratio
7.08
Dividend Yield
0.00%
Market Cap
₩77357.32 billion
Rev. per Employee
₩1.55B
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 520.00
-8.00 -1.52%
Volume: 18.29M
May 24, 2022 1:30p
P/E Ratio
20.44
Dividend Yield
2.12%
Market Cap
NT$13743.84 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.65
+0.03 +1.54%
Volume: 6.36M
May 24, 2022 3:55p
P/E Ratio
9.36
Dividend Yield
1.22%
Market Cap
$3.67 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 110.14
+0.64 +0.58%
Volume: 870,608
May 24, 2022 3:55p
P/E Ratio
6.42
Dividend Yield
9.86%
Market Cap
$160.85 billion
Rev. per Employee
$1.71M
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 47.58
-0.25 -0.52%
Volume: 9.04M
May 24, 2022 3:55p
P/E Ratio
10.70
Dividend Yield
10.08%
Market Cap
$238.80 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,973.75
+72.39 +1.86%
Volume: 2.39B
May 23, 2022 5:43p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,880.24
+618.34 +1.98%
Volume: 405.83M
May 23, 2022 5:43p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
11,535.27
+180.66 +1.59%
Volume: 3.91M
May 23, 2022 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
127.6080
-0.2900 -0.2267%
Volume: 0.0000
May 24, 2022 2:15a
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