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July 14, 2019, 11:39 p.m. EDT

Asian markets recover after China’s GDP growth fails to meet already low expectations

Indexes in Hong Kong, Shanghai rise; Nikkei closed for holiday

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By Marketwatch and Associated Press


Reuters
A worker gestures as a crane lifts goods for export onto a cargo vessel at a port in Lianyungang, China.

Asian markets recovered from early losses Monday, as China posted its weakest quarterly GDP growth in at least 27 years.

Data on Monday showed the world’s second-largest economy expanded by 6.2% over a year earlier, down from the previous quarter’s 6.4%. The result was the slowest since the first quarter of 1992 when the earliest quarterly data was available, according to Dow Jones Newswires, and lower than the 6.3% median forecast from a Wall Street Journal poll of 14 economists.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.19%   was last up 0.3% and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.19%   gained 0.4%, after both indexes started the trading day with losses ahead of the GDP report. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.23%   was about flat, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.25%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.56%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.16%   were mixed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.58%   was down 0.4%. Japan’s Nikkei was closed for a holiday.

Among individual stocks, PetroChina /zigman2/quotes/204979431/delayed HK:857 -0.73%   and New World Development /zigman2/quotes/202357413/delayed HK:17 +0.25%   fell in Hong Kong trading, along with Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -0.51%  . Chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.62%   rose in South Korea, while LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +1.95%   slipped. Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.47%   gained in Taiwan, while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.72%   and Westpac Banking /zigman2/quotes/203084975/delayed AU:WBC +0.50%   fell in Australia.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,183.01
-47.66 -0.19%
Volume: 1.43M
Aug. 14, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,360.10
+39.37 +1.19%
Volume: 30.60B
Aug. 14, 2020 3:01p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,407.49
-30.04 -1.23%
Volume: 968,124
Aug. 14, 2020 3:33p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,795.46
+32.33 +0.25%
Volume: 0.00
Aug. 14, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,581.32
-14.65 -0.56%
Volume: 0.00
Aug. 14, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,247.69
+8.44 +0.16%
Volume: 0.00
Aug. 14, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,126.20
+35.20 +0.58%
Volume: 734,503
Aug. 14, 2020 5:02p
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/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.71
-0.02 -0.73%
Volume: 57.09M
Aug. 14, 2020 4:08p
P/E Ratio
22.53
Dividend Yield
5.85%
Market Cap
HK$863.47 billion
Rev. per Employee
HK$5.32M
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/zigman2/quotes/202357413/delayed
HK : Hong Kong
HK$ 40.20
+0.10 +0.25%
Volume: 3.35M
Aug. 14, 2020 4:08p
P/E Ratio
13.02
Dividend Yield
5.07%
Market Cap
HK$102.60 billion
Rev. per Employee
HK$1.84M
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/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 58.95
-0.30 -0.51%
Volume: 12.87M
Aug. 14, 2020 4:08p
P/E Ratio
73.28
Dividend Yield
0.00%
Market Cap
HK$257.96 billion
Rev. per Employee
HK$1.44M
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
80,200.00
-500.00 -0.62%
Volume: 2.59M
Aug. 14, 2020 3:30p
P/E Ratio
24.00
Dividend Yield
1.25%
Market Cap
₩55404.15 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
88,700.00
+1,700 +1.95%
Volume: 1.67M
Aug. 14, 2020 3:30p
P/E Ratio
32.87
Dividend Yield
0.85%
Market Cap
₩14810.87 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 427.00
-2.00 -0.47%
Volume: 23.42M
Aug. 14, 2020 1:30p
P/E Ratio
24.34
Dividend Yield
2.34%
Market Cap
NT$10864.83 billion
Rev. per Employee
N/A
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.48
+0.03 +1.72%
Volume: 7.00M
Aug. 14, 2020 4:10p
P/E Ratio
5.88
Dividend Yield
1.36%
Market Cap
$3.32 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 18.04
+0.09 +0.50%
Volume: 7.78M
Aug. 14, 2020 4:10p
P/E Ratio
13.55
Dividend Yield
9.65%
Market Cap
$65.59 billion
Rev. per Employee
$1.09M
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