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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 +0.51%   surged 2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +2.70%   rose 1%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.95%   advanced 0.5% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.30%   ticked up 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.29%   rose 1% and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +1.66%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.72%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.28%   gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.82%   advanced 0.6%.

Among individual stocks, Screen Holdings /zigman2/quotes/200599327/delayed JP:7735 +0.59%   surged in Tokyo trading, while Yahoo Japan parent Z Holdings /zigman2/quotes/207641152/delayed JP:4689 -0.69%  , SoftBank /zigman2/quotes/207303954/delayed JP:9984 +2.12%   and Honda /zigman2/quotes/200490352/delayed JP:7267 +3.57%   also rose. In Hong Kong, Apple component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +2.40%   and AAC /zigman2/quotes/201441510/delayed HK:2018 +1.05%   gained, while PetroChina /zigman2/quotes/204979431/delayed HK:857 +2.94%   fell as oil prices receded Wednesday. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.48%   jumped in South Korea, while in Australia, Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -0.31%   fell and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +2.02%   advanced.

On Wall Street, the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.81%   rose 0.5% to 3,253.05. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.46%   advanced 0.6% to 28,745.09. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -1.69%  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 +0.2015%   gained to 109.20 yen from Wednesday’s 109.08 yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
29,559.10
+150.93 +0.51%
Volume: 0.00
March 3, 2021 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,880.42
+784.56 +2.70%
Volume: 3.23M
March 3, 2021 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,576.90
+68.31 +1.95%
Volume: 34.77B
March 3, 2021 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,363.11
+30.35 +1.30%
Volume: 35.51B
March 3, 2021 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,082.99
+39.12 +1.29%
Volume: 2.21M
March 3, 2021 3:30p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
16,211.73
+264.85 +1.66%
Volume: 0.00
March 3, 2021 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,995.35
+21.48 +0.72%
Volume: 0.00
March 3, 2021 4:19p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,376.76
+17.55 +0.28%
Volume: 0.00
March 3, 2021 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,818.00
+55.70 +0.82%
Volume: 591,222
March 3, 2021 5:58p
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/zigman2/quotes/200599327/delayed
JP : Japan: Tokyo
¥ 8,560.00
+50.00 +0.59%
Volume: 405,700
March 3, 2021 3:00p
P/E Ratio
51.16
Dividend Yield
0.76%
Market Cap
¥399.99 billion
Rev. per Employee
¥53.22M
loading...
/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 631.90
-4.40 -0.69%
Volume: 25.69M
March 3, 2021 3:00p
P/E Ratio
40.96
Dividend Yield
0.88%
Market Cap
¥3184.57 billion
Rev. per Employee
¥74.32M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 10,600.00
+220.00 +2.12%
Volume: 8.92M
March 3, 2021 3:00p
P/E Ratio
13.71
Dividend Yield
0.00%
Market Cap
¥18800.16 billion
Rev. per Employee
¥76.45M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,101.00
+107.00 +3.57%
Volume: 7.76M
March 3, 2021 3:00p
P/E Ratio
12.91
Dividend Yield
2.64%
Market Cap
¥5211.02 billion
Rev. per Employee
¥68.28M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 204.40
+4.80 +2.40%
Volume: 3.63M
March 3, 2021 4:08p
P/E Ratio
46.88
Dividend Yield
0.40%
Market Cap
HK$219.04 billion
Rev. per Employee
HK$2.13M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 43.25
+0.45 +1.05%
Volume: 4.16M
March 3, 2021 4:08p
P/E Ratio
26.52
Dividend Yield
0.23%
Market Cap
HK$51.24 billion
Rev. per Employee
HK$514,884
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.80
+0.08 +2.94%
Volume: 112.71M
March 3, 2021 4:08p
P/E Ratio
24.26
Dividend Yield
5.16%
Market Cap
HK$908.68 billion
Rev. per Employee
HK$5.79M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
84,000.00
+400.00 +0.48%
Volume: 17.88M
March 3, 2021 3:30p
P/E Ratio
21.87
Dividend Yield
1.69%
Market Cap
₩552413.27 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.63
-0.0050 -0.31%
Volume: 5.66M
March 3, 2021 4:10p
P/E Ratio
10.62
Dividend Yield
1.23%
Market Cap
$3.84 billion
Rev. per Employee
N/A
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/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 129.75
+2.57 +2.02%
Volume: 1.47M
March 3, 2021 4:10p
P/E Ratio
15.12
Dividend Yield
4.73%
Market Cap
$188.01 billion
Rev. per Employee
$1.36M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,870.29
-31.53 -0.81%
Volume: 2.28B
March 2, 2021 5:08p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,391.52
-143.99 -0.46%
Volume: 341.28M
March 2, 2021 5:08p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
13,358.79
-230.04 -1.69%
Volume: 4.37M
March 2, 2021 5:16p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.9010
+0.2150 +0.2015%
Volume: 0.0000
March 3, 2021 3:34a
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