Asian markets quiet after latest Wall Street records

By Marketwatch and Associated Press

Getty Images

Participants wearing Santa Claus costumes take part in the Tokyo Great Santa Run in Tokyo.

Asian markets were mixed in quiet trading Tuesday, following another record day on Wall Street.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.00%   and S&P 500 /zigman2/quotes/210599714/realtime SPX +1.30%   closed at record highs for a third consecutive day, while the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +2.19%   notched a record ninth-straight record close.

Traders have been buoyed by the pending phase-one trade deal between the U.S. and China, which announced Monday plans to open its oil, telecom and power markets wider to private competitors.

On Tuesday, leaders from China, Japan and South Korea were meeting against the backdrop of increasing threats from North Korea’s nuclear and missile programs. The trilateral summit aims to smooth some regional frictions, and discuss furthering regional cooperation on the economy.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.43%   was about flat and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.04%   fell 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.28%   advanced 0.3% while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.51%   rose 0.7%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.67%   fell 0.5%, while stocks inched up in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.38%   but fell slightly in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.80%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.09%   rose 0.2%. Markets in Australia and Hong Kong were set to close early for Christmas Eve. Many global markets will be closed Wednesday for the Christmas holiday.

Read: Here’s when markets will be closed for the Christmas and New Year holidays

Among individual stocks, Fuji Electric /zigman2/quotes/205163888/delayed JP:6504 -0.33%   and tech-equipment maker Advantest /zigman2/quotes/206869087/delayed JP:6857 +1.98%   gained in Tokyo trading, while Dai-ichi Life Holdings /zigman2/quotes/208507587/delayed JP:8750 -0.57%   and Nikon /zigman2/quotes/203281219/delayed JP:7731 +0.19%   fell. In Hong Kong, casino operator Sands China /zigman2/quotes/207609245/delayed HK:1928 +1.82%   rose while stock-market operator Hong Kong Exchanges & Clearing /zigman2/quotes/200234512/delayed HK:388 -1.70%   and China Construction Bank /zigman2/quotes/208974133/delayed HK:939 +0.59%   declined. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.85%   slipped in South Korea, and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +0.53%   surged in Australia.

The market’s latest gains came on a day of mostly muted trading as investors kicked off a holiday-shortened week. U.S. markets were scheduled to open for only a half day on Tuesday and then close Wednesday for Christmas.

“Right now, a lot of people have gone home for the year and the path of least resistance is higher,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute. “It’s hard to see any kind of meaningful trend change between now and the end of the year.”

Momentum for stocks has been clearly upward for months, driving the major stock indexes to record highs. The benchmark S&P 500 index has finished with a weekly gain in 10 out of the past 11 weeks.

Fears about a possible recession have also faded since the summer after the Federal Reserve cut interest rates three times, and the central bank appears set to keep them low for a long time.

Benchmark U.S. crude oil   lost 3 cents to $60.49 per barrel. Brent crude  , the international standard, was down 2 cents at $65.40 per barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0705%   to Japanese yen was flat at 109.39 yen.

/zigman2/quotes/210598065/realtime

Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

33,093.34

+328.69 +1.00%

Volume: 0.00

May 26, 2023 5:20p

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S&P 500 Index

US : S&P US

4,205.45

+54.17 +1.30%

Volume: 0.00

May 26, 2023 5:20p

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Add to watchlist COMP

NASDAQ Composite Index

US : Nasdaq

12,975.69

+277.59 +2.19%

Volume: 4.51B

May 29, 2023 4:29p

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Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

31,368.16

+134.62 +0.43%

Volume: 0.00

May 30, 2023 9:14a

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Hang Seng Index

HK : Hong Kong Exchange

18,551.11

-195.81 -1.04%

Volume: 2.20M

May 29, 2023 4:08p

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Add to watchlist CN:SHCOMP

Shanghai Composite Index

CN : China: Shanghai

3,221.45

+8.94 +0.28%

Volume: 29.74B

May 29, 2023 3:00p

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Add to watchlist CN:399106

Shenzhen Composite Index

CN : Shenhzen Stock Exchange

2,002.15

-10.34 -0.51%

Volume: 39.47B

May 29, 2023 3:00p

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Add to watchlist KR:180721

KOSPI Composite Index

KR : Korea Exchange

2,575.83

+17.02 +0.67%

Volume: 88,132

May 30, 2023 9:14a

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FTSE Straits Times Index

SG : Singapore: SGX

3,195.22

-12.17 -0.38%

Volume: 0.00

May 29, 2023 5:20p

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Taiwan TAIEX

TW : Taiwan Stock Exchange

16,636.30

+131.25 +0.80%

Volume: 0.00

May 29, 2023 1:33p

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Add to watchlist AU:XJO

S&P/ASX 200 Benchmark Index

AU : S&P ASX

7,211.10

-6.30 -0.09%

Volume: 76,936

May 30, 2023 10:13a

/zigman2/quotes/205163888/delayed

Add to watchlist JP:6504

Fuji Electric Co. Ltd.

JP : Japan: Tokyo

¥ 6,090.00

-20.00 -0.33%

Volume: 59,400

May 30, 2023 9:13a

P/E Ratio

14.18

Dividend Yield

1.89%

Market Cap

¥867.02 billion

Rev. per Employee

¥37.73M

/zigman2/quotes/206869087/delayed

Add to watchlist JP:6857

Advantest Corp.

JP : Japan: Tokyo

¥ 18,020.00

+350.00 +1.98%

Volume: 1.06M

May 30, 2023 9:14a

P/E Ratio

25.96

Dividend Yield

0.75%

Market Cap

¥3147.14 billion

Rev. per Employee

¥94.29M

/zigman2/quotes/208507587/delayed

Add to watchlist JP:8750

Dai-ichi Life Holdings Inc.

JP : Japan: Tokyo

¥ 2,435.00

-14.00 -0.57%

Volume: 478,900

May 30, 2023 9:14a

P/E Ratio

12.87

Dividend Yield

3.53%

Market Cap

¥2367.51 billion

Rev. per Employee

¥123.49M

/zigman2/quotes/203281219/delayed

Add to watchlist JP:7731

Nikon Corp.

JP : Japan: Tokyo

¥ 1,584.00

+3.00 +0.19%

Volume: 176,300

May 30, 2023 9:13a

P/E Ratio

12.65

Dividend Yield

3.16%

Market Cap

¥505.96 billion

Rev. per Employee

¥34.07M

/zigman2/quotes/207609245/delayed

Add to watchlist HK:1928

Sands China Ltd.

HK : Hong Kong

$ 25.15

+0.45 +1.82%

Volume: 11.15M

May 29, 2023 4:08p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$199.91 billion

Rev. per Employee

$355,635

/zigman2/quotes/200234512/delayed

Add to watchlist HK:388

Hong Kong Exchanges & Clearing Ltd.

HK : Hong Kong

$ 289.00

-5.00 -1.70%

Volume: 4.61M

May 29, 2023 4:08p

P/E Ratio

33.83

Dividend Yield

2.47%

Market Cap

$371.96 billion

Rev. per Employee

$8.12M

/zigman2/quotes/208974133/delayed

Add to watchlist HK:939

China Construction Bank Corp.

HK : Hong Kong

$ 5.12

+0.03 +0.59%

Volume: 259.00M

May 29, 2023 4:08p

P/E Ratio

3.46

Dividend Yield

8.40%

Market Cap

$1289.77 billion

Rev. per Employee

$4.43M

/zigman2/quotes/209800866/delayed

Add to watchlist KR:005930

Samsung Electronics Co. Ltd.

KR : S. Korea: KRX

₩ 71,600.00

+1,300 +1.85%

Volume: 3.85M

May 30, 2023 9:14a

P/E Ratio

10.81

Dividend Yield

2.02%

Market Cap

₩468472.91 billion

Rev. per Employee

N/A

/zigman2/quotes/200513631/delayed

Add to watchlist AU:BPT

Beach Energy Ltd.

AU : Australia: Sydney

$ 1.43

+0.0075 +0.53%

Volume: 197,077

May 30, 2023 10:13a

P/E Ratio

6.61

Dividend Yield

2.09%

Market Cap

$3.21 billion

Rev. per Employee

N/A

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Japanese Yen

US : Tullett Prebon

140.3510

-0.0990 -0.0705%

Volume: 0.0000

May 29, 2023 8:33p