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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 -0.18%   surged 2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.74%   rose 1%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.22%   advanced 0.5% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.95%   ticked up 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.05%   rose 1% and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.02%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.18%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.79%   gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.63%   advanced 0.6%.

Among individual stocks, Screen Holdings /zigman2/quotes/200599327/delayed JP:7735 -3.31%   surged in Tokyo trading, while Yahoo Japan parent Z Holdings /zigman2/quotes/207641152/delayed JP:4689 -2.00%  , SoftBank /zigman2/quotes/207303954/delayed JP:9984 +0.10%   and Honda /zigman2/quotes/200490352/delayed JP:7267 -3.93%   also rose. In Hong Kong, Apple component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.78%   and AAC /zigman2/quotes/201441510/delayed HK:2018 +0.89%   gained, while PetroChina /zigman2/quotes/204979431/delayed HK:857 +1.14%   fell as oil prices receded Wednesday. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.60%   jumped in South Korea, while in Australia, Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.25%   fell and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -0.25%   advanced.

On Wall Street, the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.48%   rose 0.5% to 3,253.05. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07%   advanced 0.6% to 28,745.09. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +1.29%  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 +0.0009%   gained to 109.20 yen from Wednesday’s 109.08 yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,877.89
-38.42 -0.18%
Volume: 0.00
May 29, 2020 3:00p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,961.47
-171.29 -0.74%
Volume: 3.62M
May 29, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,852.35
+6.13 +0.22%
Volume: 20.68B
May 29, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,786.51
+16.81 +0.95%
Volume: 29.49B
May 29, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,029.60
+1.06 +0.05%
Volume: 1.09M
May 29, 2020 3:33p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
10,942.16
-2.03 -0.02%
Volume: 0.00
May 29, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,510.75
-4.49 -0.18%
Volume: 0.00
May 29, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,753.61
+37.43 +0.79%
Volume: 0.00
May 29, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,755.70
-95.40 -1.63%
Volume: 2.45M
May 29, 2020 5:16p
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/zigman2/quotes/200599327/delayed
JP : Japan: Tokyo
¥ 4,825.00
-165.00 -3.31%
Volume: 1.69M
May 29, 2020 3:00p
P/E Ratio
47.55
Dividend Yield
0.62%
Market Cap
¥225.18 billion
Rev. per Employee
¥63.00M
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/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 440.00
-9.00 -2.00%
Volume: 24.36M
May 29, 2020 3:00p
P/E Ratio
26.10
Dividend Yield
2.01%
Market Cap
¥2095.48 billion
Rev. per Employee
¥77.26M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,832.00
+5.00 +0.10%
Volume: 21.51M
May 29, 2020 3:00p
P/E Ratio
32.42
Dividend Yield
0.91%
Market Cap
¥9992.53 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,784.00
-114.00 -3.93%
Volume: 8.29M
May 29, 2020 3:00p
P/E Ratio
10.75
Dividend Yield
4.02%
Market Cap
¥4806.89 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 102.40
-0.80 -0.78%
Volume: 8.93M
May 29, 2020 4:08p
P/E Ratio
24.92
Dividend Yield
0.79%
Market Cap
HK$112.32 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 39.80
+0.35 +0.89%
Volume: 11.73M
May 29, 2020 4:08p
P/E Ratio
19.20
Dividend Yield
1.01%
Market Cap
HK$48.10 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.66
+0.03 +1.14%
Volume: 143.36M
May 29, 2020 4:08p
P/E Ratio
22.11
Dividend Yield
5.86%
Market Cap
HK$486.84 billion
Rev. per Employee
HK$5.32M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
50,700.00
+300.00 +0.60%
Volume: 27.60M
May 29, 2020 3:30p
P/E Ratio
16.18
Dividend Yield
2.79%
Market Cap
₩344388.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.62
+0.02 +1.25%
Volume: 20.67M
May 29, 2020 4:10p
P/E Ratio
6.44
Dividend Yield
1.24%
Market Cap
$3.68 billion
Rev. per Employee
N/A
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/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 93.40
-0.23 -0.25%
Volume: 3.85M
May 29, 2020 4:10p
P/E Ratio
13.32
Dividend Yield
7.04%
Market Cap
$150.95 billion
Rev. per Employee
$1.14M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,383.11
-17.53 -0.07%
Volume: 545.14M
May 29, 2020 5:14p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,489.87
+120.88 +1.29%
Volume: 4.24M
May 29, 2020 5:16p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.8050
+0.0010 +0.0009%
Volume: 0.0000
May 29, 2020 4:59p
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