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Dec. 23, 2019, 11:58 p.m. EST

Asian markets quiet after latest Wall Street records

Nikkei about flat; Hang Seng slips in holiday-shortened session

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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 +0.62%   and S&P 500 /zigman2/quotes/210599714/realtime SPX +0.36%   closed at record highs for a third consecutive day, while the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.35%   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 -0.79%   was about flat and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.33%   fell 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.11%   advanced 0.3% while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.65%   rose 0.7%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.66%   fell 0.5%, while stocks inched up in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.44%   but fell slightly in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.54%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.88%   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 -2.12%   and tech-equipment maker Advantest /zigman2/quotes/206869087/delayed JP:6857 -0.18%   gained in Tokyo trading, while Dai-ichi Life Holdings /zigman2/quotes/208507587/delayed JP:8750 -1.41%   and Nikon /zigman2/quotes/203281219/delayed JP:7731 -1.14%   fell. In Hong Kong, casino operator Sands China /zigman2/quotes/207609245/delayed HK:1928 +0.50%   rose while stock-market operator Hong Kong Exchanges & Clearing /zigman2/quotes/200234512/delayed HK:388 +0.74%   and China Construction Bank /zigman2/quotes/208974133/delayed HK:939 0.00%   declined. Samsung /zigman2/quotes/209800866/delayed KR:005930 -1.05%   slipped in South Korea, and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -0.67%   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 -0.1504%   to Japanese yen was flat at 109.39 yen.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,828.47
+164.07 +0.62%
Volume: 355.46M
Aug. 4, 2020 5:20p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,306.51
+11.90 +0.36%
Volume: 2.40B
Aug. 4, 2020 5:20p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,941.17
+38.37 +0.35%
Volume: 3.66M
Aug. 4, 2020 5:16p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
22,395.34
-178.32 -0.79%
Volume: 0.00
Aug. 5, 2020 10:16a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,029.39
+82.76 +0.33%
Volume: 41,945
Aug. 5, 2020 9:21a
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,371.69
+3.72 +0.11%
Volume: 44.23B
Aug. 4, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,300.50
-14.94 -0.65%
Volume: 56.73B
Aug. 4, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,294.97
+15.00 +0.66%
Volume: 334,834
Aug. 5, 2020 10:16a
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,526.86
+11.16 +0.44%
Volume: 0.00
Aug. 5, 2020 9:21a
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,778.49
+68.57 +0.54%
Volume: 0.00
Aug. 5, 2020 9:16a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,984.50
-53.10 -0.88%
Volume: 154,268
Aug. 5, 2020 11:16a
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/zigman2/quotes/205163888/delayed
JP : Japan: Tokyo
¥ 3,000.00
-65.00 -2.12%
Volume: 141,700
Aug. 5, 2020 10:14a
P/E Ratio
15.51
Dividend Yield
2.67%
Market Cap
¥422.96 billion
Rev. per Employee
¥33.86M
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/zigman2/quotes/206869087/delayed
JP : Japan: Tokyo
¥ 5,570.00
-10.00 -0.18%
Volume: 760,900
Aug. 5, 2020 10:15a
P/E Ratio
21.34
Dividend Yield
1.08%
Market Cap
¥1114.33 billion
Rev. per Employee
¥64.26M
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/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 1,295.00
-18.50 -1.41%
Volume: 1.01M
Aug. 5, 2020 10:16a
P/E Ratio
46.83
Dividend Yield
4.79%
Market Cap
¥1427.53 billion
Rev. per Employee
¥103.65M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 780.00
-9.00 -1.14%
Volume: 681,600
Aug. 5, 2020 10:16a
P/E Ratio
43.33
Dividend Yield
2.56%
Market Cap
¥283.42 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 30.25
+0.15 +0.50%
Volume: 1.28M
Aug. 5, 2020 9:20a
P/E Ratio
15.36
Dividend Yield
3.27%
Market Cap
HK$240.25 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/200234512/delayed
HK : Hong Kong
HK$ 379.60
+2.80 +0.74%
Volume: 5.00
Aug. 5, 2020 9:20a
P/E Ratio
53.00
Dividend Yield
1.77%
Market Cap
HK$469.41 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208974133/delayed
HK : Hong Kong
HK$ 5.83
0.00 0.00%
Volume: 21.55M
Aug. 5, 2020 9:20a
P/E Ratio
4.79
Dividend Yield
6.00%
Market Cap
HK$1431.11 billion
Rev. per Employee
HK$3.31M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
56,700.00
-600.00 -1.05%
Volume: 5.61M
Aug. 5, 2020 10:16a
P/E Ratio
18.09
Dividend Yield
2.50%
Market Cap
₩379446.28 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.48
-0.01 -0.67%
Volume: 2.02M
Aug. 5, 2020 11:15a
P/E Ratio
5.88
Dividend Yield
1.36%
Market Cap
$3.25 billion
Rev. per Employee
N/A
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
105.5590
-0.1590 -0.1504%
Volume: 0.0000
Aug. 4, 2020 9:36p
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