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Oct. 29, 2019, 11:15 p.m. EDT

Asian markets retreat ahead of Fed announcement

Nikkei, Hang Seng down amid new trade-deal speedbumps

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By Marketwatch and Associated Press


AFP/Getty Images
Commuters make their way through the Shibuya crossing in central Tokyo on Tuesday.

Asian markets fell in early trading Wednesday, following new doubts about a U.S.-China trade deal and ahead of an expected interest-rate cut by the U.S. Federal Reserve.

While U.S. officials, including President Donald Trump, in recent days had touted progress in trade talks, Reuters reported Tuesday that a “phase one” deal might not be ready to be signed at the Asia-Pacific Economic Cooperation summit in Chile next month. “Our goal is to sign it in Chile. But sometimes texts aren’t ready,” a U.S. official told Reuters.

Separately, China accused the U.S. of “bullying” over a proposed ban on Chinese telecom equipment in U.S. networks, and China’s ambassador to the United Nations suggested that U.S. criticism over human rights could impact trade talks.

Meanwhile, investors are awaiting the conclusion of the Fed’s two-day meeting, with many expecting the third rate cut of the year but uncertain if the central bank will signal further monetary easing in the future.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.40%   fell 0.4% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.61%   slipped 0.3%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.17%   edged down 0.4 while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.17%   slid 0.8%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.08%   declined 0.4%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.92%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.75%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.28%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.46%   mostly rose slightly. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.63%   fell 0.5%.

Among individual stocks, electronics company NEC /zigman2/quotes/205173342/delayed JP:6701 +2.38%   slid in Tokyo trading, along with SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.96%   and Uniqlo parent Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +2.05%  . In Hong Kong, Apple component maker AAC /zigman2/quotes/201441510/delayed HK:2018 -0.32%   fell, along with PetroChina /zigman2/quotes/204979431/delayed HK:857 +0.76%  . Chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 0.00%   retreated in South Korea while BHP /zigman2/quotes/201448516/delayed AU:BHP +1.18%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +1.77%   fell in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,505.83
+310.45 +1.40%
Volume: 0.00
Aug. 4, 2020 11:30a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,606.46
+148.33 +0.61%
Volume: 412,760
Aug. 4, 2020 10:52a
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,373.73
+5.76 +0.17%
Volume: 20.90B
Aug. 4, 2020 10:52a
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,319.36
+3.92 +0.17%
Volume: 30.04B
Aug. 4, 2020 10:52a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,275.35
+24.31 +1.08%
Volume: 419,963
Aug. 4, 2020 11:47a
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,628.67
+115.64 +0.92%
Volume: 0.00
Aug. 4, 2020 10:47a
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,503.53
+18.62 +0.75%
Volume: 0.00
Aug. 4, 2020 10:52a
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,577.04
+4.43 +0.28%
Volume: 0.00
Aug. 4, 2020 10:52a
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,029.15
+22.93 +0.46%
Volume: 0.00
Aug. 4, 2020 9:57a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,022.40
+96.30 +1.63%
Volume: 279,736
Aug. 4, 2020 12:47p
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/zigman2/quotes/205173342/delayed
JP : Japan: Tokyo
¥ 5,600.00
+130.00 +2.38%
Volume: 1.97M
Aug. 4, 2020 11:30a
P/E Ratio
15.85
Dividend Yield
1.43%
Market Cap
¥1601.16 billion
Rev. per Employee
¥26.58M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,796.00
-136.00 -1.96%
Volume: 15.20M
Aug. 4, 2020 11:30a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥13638.43 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 58,840.00
+1,180 +2.05%
Volume: 225,300
Aug. 4, 2020 11:30a
P/E Ratio
63.64
Dividend Yield
0.82%
Market Cap
¥5722.34 billion
Rev. per Employee
¥40.83M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 61.80
-0.20 -0.32%
Volume: 2.32M
Aug. 4, 2020 10:52a
P/E Ratio
29.82
Dividend Yield
0.65%
Market Cap
HK$74.56 billion
Rev. per Employee
HK$411,637
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/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.65
+0.02 +0.76%
Volume: 29.97M
Aug. 4, 2020 10:50a
P/E Ratio
22.03
Dividend Yield
5.98%
Market Cap
HK$856.88 billion
Rev. per Employee
HK$5.32M
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
81,800.00
0.00 0.00%
Volume: 1.27M
Aug. 4, 2020 11:47a
P/E Ratio
24.48
Dividend Yield
1.22%
Market Cap
₩56635.35 billion
Rev. per Employee
N/A
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 37.78
+0.44 +1.18%
Volume: 2.08M
Aug. 4, 2020 12:47p
P/E Ratio
14.14
Dividend Yield
5.64%
Market Cap
$172.19 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 104.82
+1.82 +1.77%
Volume: 612,093
Aug. 4, 2020 12:47p
P/E Ratio
15.97
Dividend Yield
5.40%
Market Cap
$143.00 billion
Rev. per Employee
$1.14M
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