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Oct. 15, 2018, 6:11 a.m. EDT

Asian markets resume their fall, with tech stocks leading the way

Indexes in Japan, Hong Kong, Taiwan, Australia drop 1% or more

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By Dow Jones Newswire


Bloomberg News
Shares of Japan’s SoftBank Group Corp. were down more than 5% Monday.

Asian stock markets fell Monday following Friday’s regional bounce that eased last week’s pain, as investors failed to pick up the baton from U.S. stocks that rebounded late last week.

Defensive stocks came under pressure in Japan. Near session lows in the early going, the Nikkei /zigman2/quotes/210597971/delayed JP:NIK +2.16%  closed down 1.9% to 22,271.30, tumbling 423 points. The financial sector was hit particularly hard, with Mitsubishi UFJ /zigman2/quotes/207520099/delayed JP:8306 +3.12%   falling 2% and Mizuho Financial /zigman2/quotes/204507985/delayed JP:8411 +3.46%   down 1.6%. Sharp losses were also felt by Uniqlo operator Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +0.56%  and electronics giant Sharp /zigman2/quotes/203224600/delayed JP:6753 +2.50%   . SoftBank /zigman2/quotes/207303954/delayed JP:9984 +4.13%   tumbled more than 7% over worries about its close investment ties to the Saudi government in the wake of a journalist’s disappearance. That came as the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0103%   was near session highs, with the dollar easing to ¥111.73 from about ¥112.19 late Friday in New York.

The Hong Kong Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +1.13%  finished down 1.4%, led by tech declines. Tencent /zigman2/quotes/204605823/delayed HK:700 +0.91%   dropped 2% and smartphone-component maker AAC Tech /zigman2/quotes/201441510/delayed HK:2018 +3.51%   fell more than 7%.

Selling picked up throughout the day for markets in mainland China, with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.85%   closing down 1.5% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +3.21%   dropped 1.4%.

Tech stocks also weighed in Taiwan’s Taiex  , as Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +1.72%  declined more than 1.4%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.66%   fell 0.8%, with index heavyweight SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +0.12%   sinking 2.9%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.10%   closed off around 1%, with financials and materials dragging down the market. Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA +2.36%  , Australia and New Zealand Banking Group /zigman2/quotes/205482049/delayed AU:ANZ +1.83%   and Westpac Banking /zigman2/quotes/203084975/delayed AU:WBC +1.70%   all fell more than 1%, while mining giant BHP Billiton /zigman2/quotes/201448516/delayed AU:BHP +2.10%   fell around 1.5%. New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.35%  closed flat after its worst week in 8½ years.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,772.22
+481.41 +2.16%
Volume: 0.00
July 13, 2020 2:58p
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/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 422.80
+12.80 +3.12%
Volume: 49.93M
July 13, 2020 2:58p
P/E Ratio
10.38
Dividend Yield
5.91%
Market Cap
¥5264.66 billion
Rev. per Employee
¥50.52M
loading...
/zigman2/quotes/204507985/delayed
JP : Japan: Tokyo
¥ 134.50
+4.50 +3.46%
Volume: 75.36M
July 13, 2020 2:58p
P/E Ratio
7.61
Dividend Yield
5.58%
Market Cap
¥3296.85 billion
Rev. per Employee
¥60.82M
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 60,620.00
+340.00 +0.56%
Volume: 591,200
July 13, 2020 2:58p
P/E Ratio
65.56
Dividend Yield
0.79%
Market Cap
¥6154.20 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,150.00
+28.00 +2.50%
Volume: 1.39M
July 13, 2020 2:58p
P/E Ratio
37.05
Dividend Yield
1.57%
Market Cap
¥685.37 billion
Rev. per Employee
¥50.23M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,526.00
+259.00 +4.13%
Volume: 25.85M
July 13, 2020 2:58p
P/E Ratio
43.78
Dividend Yield
0.67%
Market Cap
¥12960.13 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.9070
-0.0110 -0.0103%
Volume: 0.0000
July 13, 2020 2:18a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,018.58
+291.17 +1.13%
Volume: 1.30M
July 13, 2020 2:03p
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 551.50
+5.00 +0.91%
Volume: 13.79M
July 13, 2020 2:03p
P/E Ratio
49.66
Dividend Yield
0.22%
Market Cap
HK$5176.67 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 61.90
+2.10 +3.51%
Volume: 8.42M
July 13, 2020 2:03p
P/E Ratio
29.87
Dividend Yield
0.65%
Market Cap
HK$72.27 billion
Rev. per Employee
HK$411,637
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,445.93
+62.61 +1.85%
Volume: 44.86B
July 13, 2020 2:03p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,323.29
+72.29 +3.21%
Volume: 56.92B
July 13, 2020 2:03p
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/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 354.50
+6.00 +1.72%
Volume: 47.73M
July 13, 2020 1:30p
P/E Ratio
22.93
Dividend Yield
2.82%
Market Cap
NT$9036.74 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,185.88
+35.63 +1.66%
Volume: 587,515
July 13, 2020 2:58p
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
82,900.00
+100.00 +0.12%
Volume: 1.78M
July 13, 2020 2:58p
P/E Ratio
36.39
Dividend Yield
1.21%
Market Cap
₩56635.35 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,984.40
+65.20 +1.10%
Volume: 539,091
July 13, 2020 3:58p
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/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 72.30
+1.67 +2.36%
Volume: 2.53M
July 13, 2020 3:58p
P/E Ratio
13.31
Dividend Yield
5.96%
Market Cap
$124.97 billion
Rev. per Employee
$919,022
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/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 18.64
+0.34 +1.83%
Volume: 5.18M
July 13, 2020 3:58p
P/E Ratio
12.75
Dividend Yield
11.71%
Market Cap
$51.81 billion
Rev. per Employee
$908,476
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 17.96
+0.30 +1.70%
Volume: 7.56M
July 13, 2020 3:58p
P/E Ratio
13.49
Dividend Yield
9.69%
Market Cap
$63.68 billion
Rev. per Employee
$1.09M
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 36.95
+0.76 +2.10%
Volume: 2.96M
July 13, 2020 3:58p
P/E Ratio
13.83
Dividend Yield
5.77%
Market Cap
$170.54 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,434.79
+39.93 +0.35%
Volume: 0.00
July 13, 2020 5:00p
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