Bulletin
Investor Alert

Asia Markets Archives | Email alerts

Aug. 15, 2018, 7:18 a.m. EDT

Asian markets retreat, weighed by sinking tech stocks

Indexes in China, Hong Kong down 1% or more; Nikkei pulls back as yen weakens

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    Japanese Yen (USDJPY)
  • X
    Japan Petroleum Exploration Co. Ltd. (1662)

or Cancel Already have a watchlist? Log In

By Dow Jones Newswire


Reuters
Tencent shares fell ahead of earnings Wednesday.

Asian stock markets started lowed Wednesday, even as worries eased over Turkey’s currency crisis. Benchmarks in Taiwan, Hong Kong and China were down about 1%, with tech stocks continuing to sell off.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -3.67%  fell 0.7% after jumping 2.3% Tuesday. The pullback comes as the yen has weakened some; the dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -1.3670%   was last at ¥111.30 versus ¥111.15 in late New York trade. The oil and coal-products sector was off 0.5% amid fresh declines in crude prices, with Japan Petroleum Exploration /zigman2/quotes/201212147/delayed JP:1662 -5.83%   down 1.4%. Also, highflying SoftBank /zigman2/quotes/207303954/delayed JP:9984 -4.31%  pulled back 2.6%, as tech stocks retreated as well.

In Hong Kong, the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -2.42%   fell 1.5%. Tencent /zigman2/quotes/204605823/delayed HK:700 -3.31%   dropped 3.6%, ahead of its after-the-bell second-quarter earnings report. Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -5.24%  , which plunged a record 24% Tuesday following its second-quarter report, fell a further 0.9%.

Chinese stocks were down about 1% despite a liquidity injection by the People’s Bank of China . The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -3.71%   was off 2% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -4.93%   was off 2%. Nanjing Putian Telecom /zigman2/quotes/207685992/delayed CN:200468 -2.68%   resumed trading after a 16-month suspension, and plunged 31% to hit six-year lows. Meanwhile, troubled vaccine maker Changsheng   logged its 22nd-straight drop.

Taiwan’s Taiex   fell more than 1% as lens maker Largan Precision Co. /zigman2/quotes/210444196/delayed TW:3008 -3.28%   dropped 3.7%, putting this week’s swoon at 13%. Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.78%   sank 0.8%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -3.25%   bucked the trend, up slightly, although banking heavyweight Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA -3.14%   fell amid accusations that it broke pension-fund rules . Stocks in New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR -1.54%   were up slightly as well.

Malaysia’s benchmark index /zigman2/quotes/210598052/delayed MY:FBMKLCI -1.52%   was about flat, while Singapore’s /zigman2/quotes/210597985/delayed SG:STI -3.23%   dipped. South Korea’s Kospi was closed for a holiday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,142.96
-805.27 -3.67%
Volume: 0.00
Feb. 28, 2020 3:15p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
108.0890
-1.4980 -1.3670%
Volume: 0.0000
Feb. 28, 2020 4:59p
loading...
/zigman2/quotes/201212147/delayed
JP : Japan: Tokyo
¥ 2,311.00
-143.00 -5.83%
Volume: 367,700
Feb. 28, 2020 3:00p
P/E Ratio
6.63
Dividend Yield
2.16%
Market Cap
¥132.08 billion
Rev. per Employee
¥156.48M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,013.00
-226.00 -4.31%
Volume: 24.73M
Feb. 28, 2020 3:00p
P/E Ratio
33.63
Dividend Yield
0.88%
Market Cap
¥10383.70 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,129.93
-648.69 -2.42%
Volume: 3.19M
Feb. 28, 2020 4:09p
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 386.00
-13.20 -3.31%
Volume: 31.92M
Feb. 28, 2020 4:08p
P/E Ratio
37.62
Dividend Yield
0.26%
Market Cap
HK$3657.98 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 121.20
-6.70 -5.24%
Volume: 17.34M
Feb. 28, 2020 4:08p
P/E Ratio
42.15
Dividend Yield
0.55%
Market Cap
HK$132.94 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,880.30
-111.03 -3.71%
Volume: 40.12B
Feb. 28, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,801.75
-93.39 -4.93%
Volume: 61.09B
Feb. 28, 2020 3:00p
loading...
/zigman2/quotes/207685992/delayed
CN : China: Shenzhen
HK$ 2.18
-0.06 -2.68%
Volume: 252,700
Feb. 28, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
HK$468.70 million
Rev. per Employee
HK$1.74M
loading...
/zigman2/quotes/210444196/delayed
TW : Taiwan
NT$ 4,430.00
-150.00 -3.28%
Volume: 869,817
Feb. 27, 2020 1:30p
P/E Ratio
21.18
Dividend Yield
1.53%
Market Cap
NT$594.24 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 316.00
-2.50 -0.78%
Volume: 61.25M
Feb. 27, 2020 1:30p
P/E Ratio
23.73
Dividend Yield
3.01%
Market Cap
NT$8194.01 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,441.20
-216.70 -3.25%
Volume: 1.52M
Feb. 28, 2020 5:29p
loading...
/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 81.78
-2.65 -3.14%
Volume: 7.65M
Feb. 28, 2020 4:10p
P/E Ratio
15.06
Dividend Yield
5.27%
Market Cap
$144.70 billion
Rev. per Employee
$919,022
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,261.16
-176.01 -1.54%
Volume: 0.00
Feb. 28, 2020 5:00p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,482.64
-22.95 -1.52%
Volume: 0.00
Feb. 28, 2020 5:05p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,011.08
-100.62 -3.23%
Volume: 0.00
Feb. 28, 2020 5:20p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.