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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 -0.04%   rose 0.5% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.38%   gained 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.37%   advanced 0.2% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.85%   jumped 0.5%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.61%   fell 0.8%, while benchmark indexes in Singapore /zigman2/quotes/210597985/delayed SG:STI +1.26%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.48%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +3.46%   was about flat. Taiwan’s Taiex was closed for a holiday.

Among individual stocks, convenience-store chain FamilyMart /zigman2/quotes/207640090/delayed JP:8028 -1.79%   rose in Tokyo trading, along with SoftBank /zigman2/quotes/207303954/delayed JP:9984 +1.06%   and Advantest /zigman2/quotes/206869087/delayed JP:6857 -0.97%  . In Hong Kong, AAC Technologies /zigman2/quotes/201441510/delayed HK:2018 -4.15%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +0.27%   gained, while New World Development /zigman2/quotes/202357413/delayed HK:17 +1.47%   retreated. LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +1.69%   advanced in South Korea while Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG +0.80%   fell in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
19,345.77
-7.47 -0.04%
Volume: 0.00
April 9, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,300.33
+329.96 +1.38%
Volume: 1.73M
April 9, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,825.90
+10.54 +0.37%
Volume: 23.82B
April 9, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,755.37
+14.72 +0.85%
Volume: 37.74B
April 9, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
1,836.21
+29.07 +1.61%
Volume: 920,570
April 9, 2020 3:32p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,571.32
+31.88 +1.26%
Volume: 0.00
April 9, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,649.08
+22.38 +0.48%
Volume: 0.00
April 9, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,387.30
+180.40 +3.46%
Volume: 914,156
April 9, 2020 5:12p
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/zigman2/quotes/207640090/delayed
JP : Japan: Tokyo
¥ 1,924.00
-35.00 -1.79%
Volume: 1.71M
April 9, 2020 3:00p
P/E Ratio
27.90
Dividend Yield
2.08%
Market Cap
¥991.47 billion
Rev. per Employee
¥61.29M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,183.00
+44.00 +1.06%
Volume: 30.41M
April 9, 2020 3:00p
P/E Ratio
28.07
Dividend Yield
1.05%
Market Cap
¥8573.34 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/206869087/delayed
JP : Japan: Tokyo
¥ 4,605.00
-45.00 -0.97%
Volume: 2.82M
April 9, 2020 3:00p
P/E Ratio
19.20
Dividend Yield
1.63%
Market Cap
¥922.43 billion
Rev. per Employee
¥64.26M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 40.45
-1.75 -4.15%
Volume: 32.25M
April 9, 2020 4:08p
P/E Ratio
19.53
Dividend Yield
0.99%
Market Cap
HK$51.00 billion
Rev. per Employee
HK$411,637
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 112.50
+0.30 +0.27%
Volume: 8.80M
April 9, 2020 4:08p
P/E Ratio
27.38
Dividend Yield
0.72%
Market Cap
HK$123.07 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/202357413/delayed
HK : Hong Kong
HK$ 8.95
+0.13 +1.47%
Volume: 11.09M
April 9, 2020 4:08p
P/E Ratio
11.59
Dividend Yield
5.70%
Market Cap
HK$90.17 billion
Rev. per Employee
HK$1.84M
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/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
54,200.00
+900.00 +1.69%
Volume: 926,771
April 9, 2020 3:32p
P/E Ratio
311.96
Dividend Yield
1.38%
Market Cap
₩9597.53 billion
Rev. per Employee
N/A
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/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 11.34
+0.09 +0.80%
Volume: 11.13M
April 9, 2020 4:10p
P/E Ratio
4.88
Dividend Yield
8.82%
Market Cap
$34.62 billion
Rev. per Employee
N/A
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