Asian markets rise after Wall Street gains, encouraging trade-talk news

By Marketwatch and Associated Press

Bloomberg News

A visitor takes a photograph of a trading bell at the Tokyo Stock Exchange.

Asian markets gained slightly in muted early trading Tuesday, after stocks closed higher on Wall Street to kick off a busy earnings week.

Investors were also encouraged by trade developments, after the South China Morning Post reported U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin would travel to Beijing next week for renewed trade negotiations with China. Later Monday, the Wall Street Journal reported President Donald Trump had agreed to make “timely” licensing decisions for U.S. tech companies seeking to renew sales with Huawei Technologies Co.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -1.63%   rose 0.9% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.58%   edged up 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.40%   was up 0.1% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.68%   advanced 0.4%. Shanghai’s new STAR market declined following a big pop in its debut Monday. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.25%   rose 0.5%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.27%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -1.01%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.06%   barely moved. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.34%   advanced 0.4%.

Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.28%   surged in Tokyo trading, along with oil-and-gas engineering company Chiyoda /zigman2/quotes/208670809/delayed JP:6366 -1.46%   and chip maker Tokyo Electron /zigman2/quotes/202883609/delayed JP:8035 -3.52%  . In Hong Kong, tech-component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -1.34%   and AAC /zigman2/quotes/201441510/delayed HK:2018 -1.46%   rose, while property company Country Garden /zigman2/quotes/201681083/delayed HK:2007 0.00%   fell. Chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +0.88%   jumped in South Korea after an endorsement by Goldman Sachs over the weekend, while, Hyundai Motor /zigman2/quotes/206684590/delayed KR:005380 0.00%  sank after missing quarterly earnings expectations despite a big jump in profit. In Australia, Oil Search  gained while Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG +1.06%   fell.

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Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

32,899.94

-545.96 -1.63%

Volume: 0.00

Dec. 7, 2023 11:30a

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Hang Seng Index

HK : Hong Kong Exchange

16,203.85

-259.41 -1.58%

Volume: 1.99M

Dec. 7, 2023 11:00a

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Add to watchlist CN:SHCOMP

Shanghai Composite Index

CN : China: Shanghai

2,956.94

-12.00 -0.40%

Volume: 15.35B

Dec. 7, 2023 11:00a

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Shenzhen Composite Index

CN : Shenhzen Stock Exchange

1,842.48

-12.68 -0.68%

Volume: 21.37B

Dec. 7, 2023 10:59a

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KOSPI Composite Index

KR : Korea Exchange

2,489.26

-6.12 -0.25%

Volume: 286,704

Dec. 7, 2023 11:55a

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Taiwan TAIEX

TW : Taiwan Stock Exchange

17,314.19

-46.53 -0.27%

Volume: 0.00

Dec. 7, 2023 10:55a

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FTSE Straits Times Index

SG : Singapore: SGX

3,056.14

-31.10 -1.01%

Volume: 0.00

Dec. 7, 2023 11:00a

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JSX Composite Index

ID : Indonesia Stock Exchange

7,082.97

-4.43 -0.06%

Volume: 0.00

Dec. 7, 2023 10:05a

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S&P/ASX 200 Benchmark Index

AU : S&P ASX

7,153.90

-24.50 -0.34%

Volume: 381,819

Dec. 7, 2023 1:55p

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Add to watchlist JP:9984

SoftBank Group Corp.

JP : Japan: Tokyo

¥ 5,715.00

-74.00 -1.28%

Volume: 5.13M

Dec. 7, 2023 11:30a

P/E Ratio

N/A

Dividend Yield

0.77%

Market Cap

¥6959.46 billion

Rev. per Employee

¥104.44M

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Add to watchlist JP:6366

Chiyoda Corp.

JP : Japan: Tokyo

¥ 338.00

-5.00 -1.46%

Volume: 716,700

Dec. 7, 2023 11:30a

P/E Ratio

18.09

Dividend Yield

N/A

Market Cap

¥88.83 billion

Rev. per Employee

¥131.32M

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Add to watchlist JP:8035

Tokyo Electron Ltd.

JP : Japan: Tokyo

¥ 22,450.00

-820.00 -3.52%

Volume: 1.57M

Dec. 7, 2023 11:30a

P/E Ratio

30.81

Dividend Yield

1.51%

Market Cap

¥10704.58 billion

Rev. per Employee

¥107.28M

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Add to watchlist HK:2382

Sunny Optical Technology Group Co. Ltd.

HK : Hong Kong

$ 66.35

-0.90 -1.34%

Volume: 1.85M

Dec. 7, 2023 11:00a

P/E Ratio

43.35

Dividend Yield

0.75%

Market Cap

$71.35 billion

Rev. per Employee

$1.29M

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AAC Technologies Holdings Inc.

HK : Hong Kong

$ 20.25

-0.30 -1.46%

Volume: 1.54M

Dec. 7, 2023 10:59a

P/E Ratio

36.53

Dividend Yield

0.59%

Market Cap

$23.97 billion

Rev. per Employee

$827,699

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Country Garden Holdings Co. Ltd.

HK : Hong Kong

$ 0.80

0.00 0.00%

Volume: 99.31M

Dec. 7, 2023 11:00a

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$22.72 billion

Rev. per Employee

$7.96M

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SK Hynix Inc.

KR : S. Korea: KRX

₩ 126,700

+1,100 +0.88%

Volume: 1.34M

Dec. 7, 2023 11:55a

P/E Ratio

N/A

Dividend Yield

0.95%

Market Cap

₩86571.44 billion

Rev. per Employee

N/A

/zigman2/quotes/206684590/delayed

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Hyundai Motor Co. Ltd.

KR : S. Korea: KRX

₩ 182,900

0.00 0.00%

Volume: 150,051

Dec. 7, 2023 11:55a

P/E Ratio

4.18

Dividend Yield

0.00%

Market Cap

₩43222.90 billion

Rev. per Employee

N/A

/zigman2/quotes/202351558/delayed

Add to watchlist AU:FMG

Fortescue Ltd.

AU : Australia: Sydney

$ 25.35

+0.27 +1.06%

Volume: 1.76M

Dec. 7, 2023 1:55p

P/E Ratio

10.95

Dividend Yield

6.90%

Market Cap

$77.15 billion

Rev. per Employee

$2.47M