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Sept. 19, 2019, 11:06 p.m. EDT

Asian markets rise as U.S., China return to negotiating table

Nikkei, Hang Seng tick up following central-bank moves

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By Marketwatch and Associated Press


Reuters
Chinese and U.S. flags flutter in the wind in Shanghai in July.

Asian markets advanced in early trading Friday following reassuring moves by central banks and as trade negotiations resumed between the U.S. and China.

Mid-level talks were held in Washington on Thursday for the first time in almost two months as U.S. and Chinese negotiators attempted to find common ground to pave the way for high-level talks scheduled for October. Reuters reported that the talks, which will end Friday, will focus mainly on agricultural issues, with sessions also scheduled for intellectual property and forced transfer of technology.

But White House adviser Michael Pillsbury, in an interview with the South China Morning Post , warned that if a trade deal is not reached soon, the U.S. could escalate its tariffs on Chinese goods to 50% or even 100%.

Meanwhile, the People’s Bank of China cut its one-year loan prime rate from 4.25% to 4.20%, as expected. That came after the U.S. Federal Reserve on Wednesday cut interest rates for the second time this summer, and the Bank of Japan kept its monetary policy unchanged, though it hinted at further easing later in the year.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -1.59%   rose 0.4% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.19%   advanced 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.29%   inched up 0.1% while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.02%  gained 0.3%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.84%   ticked up 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.28%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.88%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.18%   were little changed. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.72%   rose 0.6%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 +1.06%   gained in Tokyo trading, along with SoftBank /zigman2/quotes/207303954/delayed JP:9984 +0.13%   and Casio /zigman2/quotes/202492162/delayed JP:6952 -1.24%  . In Hong Kong, New World Development /zigman2/quotes/202357413/delayed HK:17 +0.11%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.11%   rose, while AAC /zigman2/quotes/201441510/delayed HK:2018 +0.11%   fell. Kia Motors /zigman2/quotes/206019389/delayed KR:000270 -3.06%   advanced in South Korea and Foxconn /zigman2/quotes/204111604/delayed TW:2354 +4.05%   rose in Taiwan. Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG -1.40%   slid in Australia, while Woolworths /zigman2/quotes/209906204/delayed AU:WOW -0.43%   gained.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,777.90
-448.18 -1.59%
Volume: 0.00
Dec. 2, 2022 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
18,701.49
-34.95 -0.19%
Volume: 2.18M
Dec. 2, 2022 3:15p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,156.14
-9.33 -0.29%
Volume: 30.78B
Dec. 2, 2022 3:00p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,044.60
+0.50 +0.02%
Volume: 42.89B
Dec. 2, 2022 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,434.33
-45.51 -1.84%
Volume: 462,143
Dec. 2, 2022 3:30p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
14,970.68
-42.12 -0.28%
Volume: 0.00
Dec. 2, 2022 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,263.81
-28.92 -0.88%
Volume: 0.00
Dec. 2, 2022 3:15p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
7,008.07
-12.74 -0.18%
Volume: 0.00
Dec. 2, 2022 2:20p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,301.50
-52.90 -0.72%
Volume: 716,432
Dec. 2, 2022 5:01p
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 669.00
+7.00 +1.06%
Volume: 9.44M
Dec. 2, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.67%
Market Cap
¥1037.85 billion
Rev. per Employee
¥65.32M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,055.00
+8.00 +0.13%
Volume: 10.90M
Dec. 2, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥9394.92 billion
Rev. per Employee
¥121.97M
loading...
/zigman2/quotes/202492162/delayed
JP : Japan: Tokyo
¥ 1,350.00
-17.00 -1.24%
Volume: 1.03M
Dec. 2, 2022 3:00p
P/E Ratio
21.14
Dividend Yield
3.33%
Market Cap
¥320.46 billion
Rev. per Employee
¥25.58M
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/zigman2/quotes/202357413/delayed
HK : Hong Kong
$ 18.26
+0.02 +0.11%
Volume: 4.58M
Dec. 2, 2022 3:14p
P/E Ratio
36.95
Dividend Yield
11.28%
Market Cap
$46.51 billion
Rev. per Employee
$2.45M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 94.55
-0.10 -0.11%
Volume: 4.26M
Dec. 2, 2022 3:15p
P/E Ratio
23.40
Dividend Yield
1.18%
Market Cap
$99.48 billion
Rev. per Employee
$1.70M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 18.10
+0.02 +0.11%
Volume: 2.78M
Dec. 2, 2022 3:14p
P/E Ratio
24.13
Dividend Yield
0.00%
Market Cap
$21.64 billion
Rev. per Employee
$593,969
loading...
/zigman2/quotes/206019389/delayed
KR : S. Korea: KRX
66,500.00
-2,100 -3.06%
Volume: 1.44M
Dec. 2, 2022 3:30p
P/E Ratio
5.77
Dividend Yield
4.51%
Market Cap
₩27503.89 billion
Rev. per Employee
₩2.27B
loading...
/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 54.00
+2.10 +4.05%
Volume: 12.95M
Dec. 2, 2022 1:30p
P/E Ratio
17.92
Dividend Yield
3.15%
Market Cap
NT$73.69 billion
Rev. per Employee
N/A
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/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 19.68
-0.28 -1.40%
Volume: 7.65M
Dec. 2, 2022 4:10p
P/E Ratio
7.09
Dividend Yield
10.52%
Market Cap
$59.64 billion
Rev. per Employee
$2.05M
loading...
/zigman2/quotes/209906204/delayed
AU : Australia: Sydney
$ 34.45
-0.15 -0.43%
Volume: 1.66M
Dec. 2, 2022 4:10p
P/E Ratio
27.25
Dividend Yield
2.67%
Market Cap
$41.76 billion
Rev. per Employee
$307,318
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