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Oct. 16, 2018, 7:18 a.m. EDT

Nikkei’s gain, led by Softbank’s rebound, lifts most Asian markets

Oil sector lifts Hong Kong though mainland China’s gains fade

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By Dow Jones Newswire


Bloomberg News
A Sinopec worker takes gauge readings at a shale gas well in China. Sinopec shares rose 2% in Hong Kong trading Tuesday.

Asian stock markets gained Tuesday, partly reversing a broad selloff to start the week and largely shaking off modest losses on Wall Street.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.34%   was up 1.2%, led by SoftBank Group and energy and steel stocks, amid continuing concerns about U.S. trade issues. Of 33 Topix subindexes, 17 sectors were higher. SoftBank /zigman2/quotes/207303954/delayed JP:9984 +0.76%   was up 3.6% following a 7.3% loss Monday due to concerns about the viability of its technology investment fund, partly financed by Saudi Arabia. SoftBank’s gains accounted for almost half of the indexes gains Tuesday.

Also in Tokyo, oil explorer Inpex /zigman2/quotes/206689846/delayed JP:1605 -2.34%    was up 3.8% and oil distributor Idemitsu Kosan /zigman2/quotes/209216965/delayed JP:5019 -0.62%   fell 3.2% after crude oil  gains overnight due to Saudi supply concerns.

Hong Kong stocks were among the region’s best performer, with the oil sector getting a fresh lift. The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.03%   was up 0.1% after falling 1.4% Monday, then one of the region’s bigger declines. Chinese oil giants Sinopec /zigman2/quotes/202085942/delayed HK:386 -0.84%  , CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.89%   and PetroChina /zigman2/quotes/204979431/delayed HK:857 -1.44%   were all up more than 2% while property names were also higher. Mainland developer Country Garden /zigman2/quotes/201681083/delayed HK:2007 +0.30%   followed yesterday’s 6.7% skid with a nearly 4% gain. But Tencent /zigman2/quotes/204605823/delayed HK:700 -0.14%   was slightly lower as the Hang Seng heavyweight remains under pressure.

In mainland China trading, larger-cap companies outpaced smaller ones. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.20%   was down 0.9%, while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.18%   fell 1.9%.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.84%  was up 0.6% after recent underperformance left it at six-month lows Monday. Banks recovered somewhat from Monday’s losses, with Australia and New Zealand Banking Group /zigman2/quotes/205482049/delayed AU:ANZ +1.85%  , Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA +2.12%   and National Australia Bank /zigman2/quotes/210431826/delayed AU:NAB +1.23%   posting gains, though off session highs. Meanwhile, New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.94%   slipped slightly.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.24%   was near flat, as Hyundai Motor /zigman2/quotes/206684590/delayed KR:005380 -0.46%   surged 2.6%. Taiwan’s Taiex   bounced back from Monday’s losses, with tech manufacturers such as Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +1.66%   and Pegatron /zigman2/quotes/207039987/delayed TW:4938 +0.45%   leading the way.

The benchmark in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.13% gave up early gains to end down 0.4% but the main index in Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.79%   was up 0.5%, while Indonesia’s /zigman2/quotes/210597981/delayed ID:JAKIDX +0.85%   was slightly lower.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,691.25
+77.49 +0.34%
Volume: 0.00
June 4, 2020 2:46p
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,160.00
+39.00 +0.76%
Volume: 26.10M
June 4, 2020 2:46p
P/E Ratio
34.62
Dividend Yield
0.85%
Market Cap
¥10590.20 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 756.10
-18.10 -2.34%
Volume: 8.68M
June 4, 2020 2:46p
P/E Ratio
9.52
Dividend Yield
3.17%
Market Cap
¥1105.37 billion
Rev. per Employee
¥291.81M
loading...
/zigman2/quotes/209216965/delayed
JP : Japan: Tokyo
¥ 2,401.00
-15.00 -0.62%
Volume: 1.29M
June 4, 2020 2:46p
P/E Ratio
N/A
Dividend Yield
6.66%
Market Cap
¥718.18 billion
Rev. per Employee
¥492.06M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,317.41
-8.21 -0.03%
Volume: 1.08M
June 4, 2020 1:51p
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/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 3.53
-0.03 -0.84%
Volume: 48.58M
June 4, 2020 1:51p
P/E Ratio
16.42
Dividend Yield
9.57%
Market Cap
HK$416.49 billion
Rev. per Employee
HK$7.40M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 9.16
+0.08 +0.89%
Volume: 62.01M
June 4, 2020 1:51p
P/E Ratio
5.91
Dividend Yield
8.52%
Market Cap
HK$407.63 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.73
-0.04 -1.44%
Volume: 40.35M
June 4, 2020 1:51p
P/E Ratio
22.69
Dividend Yield
5.74%
Market Cap
HK$506.97 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 9.95
+0.03 +0.30%
Volume: 13.30M
June 4, 2020 1:51p
P/E Ratio
4.91
Dividend Yield
6.29%
Market Cap
HK$213.00 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 432.00
-0.60 -0.14%
Volume: 10.48M
June 4, 2020 1:51p
P/E Ratio
38.90
Dividend Yield
0.28%
Market Cap
HK$4096.91 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,917.43
-5.94 -0.20%
Volume: 17.17B
June 4, 2020 1:51p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,850.74
+3.37 +0.18%
Volume: 27.33B
June 4, 2020 1:51p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,991.30
+49.70 +0.84%
Volume: 960,693
June 4, 2020 3:46p
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/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 19.27
+0.35 +1.85%
Volume: 12.32M
June 4, 2020 3:46p
P/E Ratio
13.18
Dividend Yield
11.33%
Market Cap
$53.57 billion
Rev. per Employee
$908,476
loading...
/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 67.51
+1.40 +2.12%
Volume: 4.69M
June 4, 2020 3:46p
P/E Ratio
12.43
Dividend Yield
6.38%
Market Cap
$116.98 billion
Rev. per Employee
$919,022
loading...
/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 18.93
+0.23 +1.23%
Volume: 11.51M
June 4, 2020 3:46p
P/E Ratio
16.54
Dividend Yield
5.97%
Market Cap
$61.32 billion
Rev. per Employee
$1.00M
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,222.80
+104.53 +0.94%
Volume: 0.00
June 4, 2020 5:01p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,152.20
+5.20 +0.24%
Volume: 1.26M
June 4, 2020 2:46p
loading...
/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
108,000
-500.00 -0.46%
Volume: 2.57M
June 4, 2020 2:46p
P/E Ratio
10.85
Dividend Yield
3.70%
Market Cap
₩26676.50 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 306.00
+5.00 +1.66%
Volume: 46.32M
June 4, 2020 1:30p
P/E Ratio
19.79
Dividend Yield
3.27%
Market Cap
NT$7805.05 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207039987/delayed
TW : Taiwan
NT$ 66.40
+0.30 +0.45%
Volume: 12.23M
June 4, 2020 1:30p
P/E Ratio
8.96
Dividend Yield
6.78%
Market Cap
NT$172.55 billion
Rev. per Employee
NT$176.47M
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,703.98
+3.59 +0.13%
Volume: 0.00
June 4, 2020 1:51p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,550.73
+12.20 +0.79%
Volume: 0.00
June 4, 2020 1:51p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,983.19
+42.18 +0.85%
Volume: 0.00
June 4, 2020 11:30a
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