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Jan. 8, 2020, 11:46 p.m. EST

Asian markets rebound as Mideast tensions ease

Nikkei jumps, solid gains in Hong Kong and mainland China

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By MarketWatch and Associated Press


Getty Images/iStock Photos
Stocks rose in Tokyo on Thursday.

Asian markets rebounded in early trading Thursday following losses the day before after Iran launched a missile attack on U.S. bases in Iraq.

Tensions decreased significantly Wednesday amid signs of de-escalation, as President Donald Trump said Iran “appears to be standing down” and announced fresh sanctions rather than immediate military action. Trump said the United States is “ready to embrace peace with all who seek it.”

U.S. stocks recovered after shaky pre-market trading, with the Nasdaq closing at a new record and the S&P 500 hitting an intraday record.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.78%   surged 2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.05%   rose 1%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.04%   advanced 0.5% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.06%   ticked up 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.21%   rose 1% and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.73%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +1.28%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.11%   gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.67%   advanced 0.6%.

Among individual stocks, Screen Holdings /zigman2/quotes/200599327/delayed JP:7735 +3.17%   surged in Tokyo trading, while Yahoo Japan parent Z Holdings /zigman2/quotes/207641152/delayed JP:4689 +1.90%  , SoftBank /zigman2/quotes/207303954/delayed JP:9984 +3.73%   and Honda /zigman2/quotes/200490352/delayed JP:7267 +0.29%   also rose. In Hong Kong, Apple component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +1.96%   and AAC /zigman2/quotes/201441510/delayed HK:2018 -0.44%   gained, while PetroChina /zigman2/quotes/204979431/delayed HK:857 0.00%   fell as oil prices receded Wednesday. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.51%   jumped in South Korea, while in Australia, Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -0.34%   fell and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.11%   advanced.

On Wall Street, the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.08%   rose 0.5% to 3,253.05. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.30%   advanced 0.6% to 28,745.09. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +0.52%  rose 0.7% to a record 9,129.24.

Oil prices rebounded Thursday after first surging on news of the Iranian attack and then falling back once tensions appeared to be easing.

Benchmark U.S. crude   gained 48 cents to $60.09 per barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the contract fell $3.09 to settle at $59.61. It traded as high as $65.65 following the missile attack.

Brent crude  , used to price international oils, advanced 44 cents to $65.88 per barrel in London. It fell $2.83 the previous session to $65.44.

Gold   had a similar whipsaw day. It climbed as high as $1,604.20 per ounce before settling at $1,560.10.

In currency trading, the dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0346%   gained to 109.20 yen from Wednesday’s 109.08 yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,249.61
+405.65 +1.78%
Volume: 0.00
Aug. 13, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,230.67
-13.35 -0.05%
Volume: 1.76M
Aug. 13, 2020 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,320.73
+1.46 +0.04%
Volume: 32.43B
Aug. 13, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,216.47
+1.35 +0.06%
Volume: 40.37B
Aug. 13, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,437.53
+5.18 +0.21%
Volume: 907,218
Aug. 13, 2020 3:33p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,763.13
+92.78 +0.73%
Volume: 0.00
Aug. 13, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,595.97
+32.77 +1.28%
Volume: 0.00
Aug. 13, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,239.25
+5.80 +0.11%
Volume: 0.00
Aug. 13, 2020 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,091.00
-41.00 -0.67%
Volume: 874,605
Aug. 13, 2020 5:32p
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/zigman2/quotes/200599327/delayed
JP : Japan: Tokyo
¥ 5,530.00
+170.00 +3.17%
Volume: 1.21M
Aug. 13, 2020 3:00p
P/E Ratio
27.04
Dividend Yield
1.08%
Market Cap
¥250.15 billion
Rev. per Employee
¥63.00M
loading...
/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 643.00
+12.00 +1.90%
Volume: 23.84M
Aug. 13, 2020 3:00p
P/E Ratio
39.75
Dividend Yield
1.38%
Market Cap
¥3005.84 billion
Rev. per Employee
¥77.26M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,423.00
+231.00 +3.73%
Volume: 18.66M
Aug. 13, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥12052.70 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,763.00
+8.00 +0.29%
Volume: 4.48M
Aug. 13, 2020 3:00p
P/E Ratio
24.19
Dividend Yield
1.59%
Market Cap
¥4756.91 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 146.00
+2.80 +1.96%
Volume: 4.75M
Aug. 13, 2020 4:08p
P/E Ratio
35.53
Dividend Yield
0.55%
Market Cap
HK$157.07 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 56.85
-0.25 -0.44%
Volume: 7.55M
Aug. 13, 2020 4:08p
P/E Ratio
27.43
Dividend Yield
0.70%
Market Cap
HK$69.01 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.73
0.00 0.00%
Volume: 67.28M
Aug. 13, 2020 4:08p
P/E Ratio
22.69
Dividend Yield
5.81%
Market Cap
HK$863.47 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
58,700.00
-300.00 -0.51%
Volume: 22.09M
Aug. 13, 2020 3:30p
P/E Ratio
18.73
Dividend Yield
2.41%
Market Cap
₩393937.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.45
-0.0050 -0.34%
Volume: 6.12M
Aug. 13, 2020 4:10p
P/E Ratio
5.78
Dividend Yield
1.38%
Market Cap
$3.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 101.51
+0.11 +0.11%
Volume: 1.86M
Aug. 13, 2020 4:10p
P/E Ratio
15.46
Dividend Yield
5.58%
Market Cap
$147.25 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,377.77
-2.58 -0.08%
Volume: 1.05B
Aug. 13, 2020 1:32p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,892.08
-84.76 -0.30%
Volume: 211.09M
Aug. 13, 2020 1:32p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,069.31
+57.07 +0.52%
Volume: 1.94M
Aug. 13, 2020 1:32p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.9290
+0.0370 +0.0346%
Volume: 0.0000
Aug. 13, 2020 1:32p
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