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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 -0.65%   finished flat. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.92%   was also unchanged and South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.60%   inched down less than 0.1%. Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -0.03%  rose 0.2%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.58%   fell 0.2%.

Among individual stocks, Hitachi /zigman2/quotes/203839937/delayed JP:6501 +2.53%   jumped in Tokyo trading, while Nikon /zigman2/quotes/203281219/delayed JP:7731 -1.27%   and Rakuten /zigman2/quotes/201861450/delayed JP:4755 -1.40%   slid. In Hong Kong, Sino Biopharmaceutical x /zigman2/quotes/206921981/delayed HK:1177 -0.80%   and CSPC Pharmaceutical /zigman2/quotes/200847219/delayed HK:1093 +0.99%   surged, as Sunny /zigman2/quotes/206687505/delayed HK:2382 +0.82%  nd CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.36%   fell. SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -1.35%   slipped in Korea, as did Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +0.24%   in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -1.01%  tumbled in Australia, while Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -1.49%   and BHP /zigman2/quotes/201448516/delayed AU:BHP -0.53%   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 +0.36%   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 +0.62%   rose 65.23 points, or 0.3%, to 25,914.10.

The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +0.35%   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 -0.1627%   fell to 111.21 yen from 111.56 yen Monday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,427.92
-145.74 -0.65%
Volume: 0.00
Aug. 5, 2020 11:10a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,982.10
-55.50 -0.92%
Volume: 226,988
Aug. 5, 2020 12:10p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,293.72
+13.75 +0.60%
Volume: 455,700
Aug. 5, 2020 11:10a
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,938.65
-7.98 -0.03%
Volume: 265,143
Aug. 5, 2020 10:15a
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,352.21
-19.47 -0.58%
Volume: 14.14B
Aug. 5, 2020 10:14a
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 3,363.00
+83.00 +2.53%
Volume: 1.50M
Aug. 5, 2020 11:10a
P/E Ratio
17.08
Dividend Yield
2.82%
Market Cap
¥3165.50 billion
Rev. per Employee
¥30.84M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 779.00
-10.00 -1.27%
Volume: 818,600
Aug. 5, 2020 11:09a
P/E Ratio
43.28
Dividend Yield
2.57%
Market Cap
¥283.42 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,053.00
-15.00 -1.40%
Volume: 3.17M
Aug. 5, 2020 11:09a
P/E Ratio
N/A
Dividend Yield
0.43%
Market Cap
¥1391.52 billion
Rev. per Employee
¥74.20M
loading...
/zigman2/quotes/206921981/delayed
HK : Hong Kong
HK$ 9.92
-0.08 -0.80%
Volume: 12.66M
Aug. 5, 2020 10:14a
P/E Ratio
61.39
Dividend Yield
0.54%
Market Cap
HK$187.86 billion
Rev. per Employee
HK$1.23M
loading...
/zigman2/quotes/200847219/delayed
HK : Hong Kong
HK$ 16.28
+0.16 +0.99%
Volume: 5.29M
Aug. 5, 2020 10:15a
P/E Ratio
28.88
Dividend Yield
1.02%
Market Cap
HK$120.74 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 147.20
+1.20 +0.82%
Volume: 1.12M
Aug. 5, 2020 10:15a
P/E Ratio
35.83
Dividend Yield
0.55%
Market Cap
HK$161.79 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 8.42
+0.03 +0.36%
Volume: 8.90M
Aug. 5, 2020 10:14a
P/E Ratio
5.43
Dividend Yield
9.26%
Market Cap
HK$363.88 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
80,500.00
-1,100 -1.35%
Volume: 2.05M
Aug. 5, 2020 11:10a
P/E Ratio
24.09
Dividend Yield
1.24%
Market Cap
₩55951.35 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 426.50
+1.00 +0.24%
Volume: 23.52M
Aug. 5, 2020 10:10a
P/E Ratio
24.31
Dividend Yield
2.34%
Market Cap
NT$10787.04 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.47
-0.02 -1.01%
Volume: 2.64M
Aug. 5, 2020 12:09p
P/E Ratio
5.86
Dividend Yield
1.36%
Market Cap
$3.25 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 103.53
-1.57 -1.49%
Volume: 474,928
Aug. 5, 2020 12:09p
P/E Ratio
15.77
Dividend Yield
5.47%
Market Cap
$147.99 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 37.72
-0.20 -0.53%
Volume: 1.49M
Aug. 5, 2020 12:09p
P/E Ratio
14.11
Dividend Yield
5.65%
Market Cap
$175.73 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,306.51
+11.90 +0.36%
Volume: 2.40B
Aug. 4, 2020 5:20p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,828.47
+164.07 +0.62%
Volume: 355.46M
Aug. 4, 2020 5:20p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,941.17
+38.37 +0.35%
Volume: 3.66M
Aug. 4, 2020 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
105.5460
-0.1720 -0.1627%
Volume: 0.0000
Aug. 4, 2020 10:30p
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