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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 +0.20%   rose 0.4% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.48%   advanced 0.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -1.32%   inched up 0.1% while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.17%  gained 0.3%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.14%   ticked up 0.2%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.06%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.38%   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 -0.32%   rose 0.6%.

Among individual stocks, e-commerce company Rakuten /zigman2/quotes/201861450/delayed JP:4755 +0.57%   gained in Tokyo trading, along with SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.51%   and Casio /zigman2/quotes/202492162/delayed JP:6952 +0.88%  . In Hong Kong, New World Development /zigman2/quotes/202357413/delayed HK:17 -1.25%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +1.28%   rose, while AAC /zigman2/quotes/201441510/delayed HK:2018 -0.65%   fell. Kia Motors /zigman2/quotes/206019389/delayed KR:000270 -0.25%   advanced in South Korea and Foxconn /zigman2/quotes/204111604/delayed TW:2354 -0.15%   rose in Taiwan. Fortescue Metals /zigman2/quotes/202351558/delayed AU:FMG +0.97%   slid in Australia, while Woolworths /zigman2/quotes/209906204/delayed AU:WOW -0.65%   gained.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,537.28
+44.60 +0.20%
Volume: 0.00
Oct. 21, 2019 9:34a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,719.58
-128.91 -0.48%
Volume: 1.54M
Oct. 18, 2019 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,938.14
-39.19 -1.32%
Volume: 15.00B
Oct. 18, 2019 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,616.72
-19.20 -1.17%
Volume: 23.80B
Oct. 18, 2019 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,063.51
+2.82 +0.14%
Volume: 100,920
Oct. 21, 2019 9:34a
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,180.22
-6.66 -0.06%
Volume: 0.00
Oct. 18, 2019 1:31p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,114.16
-11.98 -0.38%
Volume: 0.00
Oct. 18, 2019 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,191.95
+10.93 +0.18%
Volume: 0.00
Oct. 18, 2019 4:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,628.50
-21.20 -0.32%
Volume: 121,245
Oct. 21, 2019 11:34a
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/zigman2/quotes/201861450/delayed
JP : Japan: Tokyo
¥ 1,061.00
+6.00 +0.57%
Volume: 1.05M
Oct. 21, 2019 9:33a
P/E Ratio
8.15
Dividend Yield
0.42%
Market Cap
¥1428.44 billion
Rev. per Employee
¥74.20M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,234.00
-65.00 -1.51%
Volume: 4.17M
Oct. 21, 2019 9:34a
P/E Ratio
4.15
Dividend Yield
1.04%
Market Cap
¥8901.82 billion
Rev. per Employee
¥126.96M
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/zigman2/quotes/202492162/delayed
JP : Japan: Tokyo
¥ 1,718.00
+15.00 +0.88%
Volume: 109,300
Oct. 21, 2019 9:32a
P/E Ratio
19.41
Dividend Yield
2.62%
Market Cap
¥414.40 billion
Rev. per Employee
¥24.53M
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/zigman2/quotes/202357413/delayed
HK : Hong Kong
HK$ 11.04
-0.14 -1.25%
Volume: 25.40M
Oct. 18, 2019 4:08p
P/E Ratio
6.22
Dividend Yield
4.62%
Market Cap
HK$112.90 billion
Rev. per Employee
HK$1.84M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 118.80
+1.50 +1.28%
Volume: 5.27M
Oct. 18, 2019 4:08p
P/E Ratio
41.32
Dividend Yield
0.56%
Market Cap
HK$130.31 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 45.75
-0.30 -0.65%
Volume: 6.01M
Oct. 18, 2019 4:08p
P/E Ratio
17.45
Dividend Yield
3.13%
Market Cap
HK$55.29 billion
Rev. per Employee
HK$411,637
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/zigman2/quotes/206019389/delayed
KR : S. Korea: KRX
40,500.00
-100.00 -0.25%
Volume: 150,987
Oct. 21, 2019 9:33a
P/E Ratio
10.50
Dividend Yield
2.22%
Market Cap
₩16277.80 billion
Rev. per Employee
N/A
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/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 65.10
-0.10 -0.15%
Volume: 2.89M
Oct. 18, 2019 1:30p
P/E Ratio
10.17
Dividend Yield
4.92%
Market Cap
NT$92.08 billion
Rev. per Employee
NT$888.52M
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/zigman2/quotes/202351558/delayed
AU : Australia: Sydney
$ 8.37
+0.08 +0.97%
Volume: 2.57M
Oct. 21, 2019 11:33a
P/E Ratio
5.77
Dividend Yield
5.14%
Market Cap
$25.60 billion
Rev. per Employee
N/A
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/zigman2/quotes/209906204/delayed
AU : Australia: Sydney
$ 37.25
-0.25 -0.65%
Volume: 180,096
Oct. 21, 2019 11:34a
P/E Ratio
30.49
Dividend Yield
2.74%
Market Cap
$47.02 billion
Rev. per Employee
$284,703
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