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Oct. 9, 2019, 11:32 p.m. EDT

Asian markets erase early losses on reports of partial trade deal, easing of Huawei blacklist

Nikkei, Hang Seng in positive territory after early losses

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By Marketwatch and Associated Press


Reuters
Some U.S. companies will be approved to do business with Huawei again, according to a new report.

Asian markets rallied from early losses into positive territory in early trading Thursday, following conflicting reports of progress in the U.S.-China trade war.

Markets opened lower following a report by the South China Morning Post that “no progress” had been made in low-level meetings to lay the groundwork for a high-level meeting starting Thursday in Washington.

But a later report by Bloomberg News said the Trump administration was making moves toward a partial trade deal, including putting off tariff hikes scheduled to go into effect next week. The report said negotiations on touchier issues such as forced transfers of technologies could come later. The New York Times also reported that the U.S. would soon issue licenses to some U.S. companies to do business again with China’s Huawei Technologies, a move that could significantly ease tensions.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -1.59%   rose 0.5% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.23%   gained 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.21%   advanced 0.2% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.15%   jumped 0.5%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.67%   fell 0.8%, while benchmark indexes in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.74%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.39%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.72%   was about flat. Taiwan’s Taiex was closed for a holiday.

Among individual stocks, convenience-store chain FamilyMart   rose in Tokyo trading, along with SoftBank /zigman2/quotes/207303954/delayed JP:9984 +0.13%   and Advantest /zigman2/quotes/206869087/delayed JP:6857 +0.21%  . In Hong Kong, AAC Technologies /zigman2/quotes/201441510/delayed HK:2018 -0.88%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.58%   gained, while New World Development /zigman2/quotes/202357413/delayed HK:17 0.00%   retreated. LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +0.31%   advanced in South Korea while Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG -1.40%   fell in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,777.90
-448.18 -1.59%
Volume: 0.00
Dec. 2, 2022 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
18,693.83
-42.61 -0.23%
Volume: 1.89M
Dec. 2, 2022 2:28p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,158.87
-6.60 -0.21%
Volume: 26.92B
Dec. 2, 2022 2:28p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,047.17
+3.07 +0.15%
Volume: 37.32B
Dec. 2, 2022 2:28p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,438.43
-41.41 -1.67%
Volume: 450,140
Dec. 2, 2022 3:20p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,268.21
-24.52 -0.74%
Volume: 0.00
Dec. 2, 2022 2:28p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,993.09
-27.72 -0.39%
Volume: 0.00
Dec. 2, 2022 1:33p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,301.50
-52.90 -0.72%
Volume: 716,432
Dec. 2, 2022 5:01p
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,055.00
+8.00 +0.13%
Volume: 10.90M
Dec. 2, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥9394.92 billion
Rev. per Employee
¥121.97M
loading...
/zigman2/quotes/206869087/delayed
JP : Japan: Tokyo
¥ 9,550.00
+20.00 +0.21%
Volume: 1.85M
Dec. 2, 2022 3:00p
P/E Ratio
14.85
Dividend Yield
1.41%
Market Cap
¥1692.19 billion
Rev. per Employee
¥84.79M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 17.92
-0.16 -0.88%
Volume: 2.36M
Dec. 2, 2022 2:28p
P/E Ratio
23.89
Dividend Yield
0.00%
Market Cap
$21.64 billion
Rev. per Employee
$593,969
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 94.10
-0.55 -0.58%
Volume: 3.84M
Dec. 2, 2022 2:28p
P/E Ratio
23.28
Dividend Yield
1.19%
Market Cap
$99.48 billion
Rev. per Employee
$1.70M
loading...
/zigman2/quotes/202357413/delayed
HK : Hong Kong
$ 18.24
0.00 0.00%
Volume: 3.93M
Dec. 2, 2022 2:27p
P/E Ratio
36.91
Dividend Yield
11.29%
Market Cap
$46.51 billion
Rev. per Employee
$2.45M
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
96,500.00
+300.00 +0.31%
Volume: 770,664
Dec. 2, 2022 3:19p
P/E Ratio
10.99
Dividend Yield
0.88%
Market Cap
₩16685.30 billion
Rev. per Employee
₩2.27B
loading...
/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 19.68
-0.28 -1.40%
Volume: 7.65M
Dec. 2, 2022 4:10p
P/E Ratio
7.09
Dividend Yield
10.52%
Market Cap
$59.64 billion
Rev. per Employee
$2.05M
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