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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 +0.18%   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 +1.54%   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 +0.78%    was up 3.8% and oil distributor Idemitsu Kosan /zigman2/quotes/209216965/delayed JP:5019 +1.45%   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 +1.82%   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 +1.68%  , CNOOC /zigman2/quotes/203421416/delayed HK:883 +1.70%   and PetroChina /zigman2/quotes/204979431/delayed HK:857 +1.84%   were all up more than 2% while property names were also higher. Mainland developer Country Garden /zigman2/quotes/201681083/delayed HK:2007 +1.50%   followed yesterday’s 6.7% skid with a nearly 4% gain. But Tencent /zigman2/quotes/204605823/delayed HK:700 +1.65%   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 +1.08%   was down 0.9%, while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.38%   fell 1.9%.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.66%  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 +2.01%  , Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA +0.90%   and National Australia Bank /zigman2/quotes/210431826/delayed AU:NAB +1.54%   posting gains, though off session highs. Meanwhile, New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.09%   slipped slightly.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.33%   was near flat, as Hyundai Motor /zigman2/quotes/206684590/delayed KR:005380 0.00%   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 +0.16%   and Pegatron /zigman2/quotes/207039987/delayed TW:4938 +1.62%   leading the way.

The benchmark in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.54% gave up early gains to end down 0.4% but the main index in Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.27%   was up 0.5%, while Indonesia’s /zigman2/quotes/210597981/delayed ID:JAKIDX +0.16%   was slightly lower.

/zigman2/quotes/210597971/delayed
JP : Nikkei
29,459.71
+51.54 +0.18%
Volume: 0.00
March 3, 2021 11:30a
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 10,540.00
+160.00 +1.54%
Volume: 4.63M
March 3, 2021 11:30a
P/E Ratio
13.63
Dividend Yield
0.00%
Market Cap
¥18800.16 billion
Rev. per Employee
¥76.45M
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 777.00
+6.00 +0.78%
Volume: 4.94M
March 3, 2021 11:30a
P/E Ratio
N/A
Dividend Yield
3.47%
Market Cap
¥1157.94 billion
Rev. per Employee
N/A
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/zigman2/quotes/209216965/delayed
JP : Japan: Tokyo
¥ 2,807.00
+40.00 +1.45%
Volume: 394,800
March 3, 2021 11:30a
P/E Ratio
N/A
Dividend Yield
4.28%
Market Cap
¥834.74 billion
Rev. per Employee
¥439.19M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,624.89
+529.03 +1.82%
Volume: 994,124
March 3, 2021 11:01a
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/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 4.23
+0.07 +1.68%
Volume: 24.24M
March 3, 2021 11:00a
P/E Ratio
12.11
Dividend Yield
5.39%
Market Cap
HK$632.90 billion
Rev. per Employee
HK$7.49M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 8.99
+0.15 +1.70%
Volume: 65.93M
March 3, 2021 11:00a
P/E Ratio
8.78
Dividend Yield
7.23%
Market Cap
HK$408.52 billion
Rev. per Employee
HK$14.08M
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/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.77
+0.05 +1.84%
Volume: 39.38M
March 3, 2021 11:00a
P/E Ratio
24.00
Dividend Yield
5.21%
Market Cap
HK$908.68 billion
Rev. per Employee
HK$5.79M
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/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 9.49
+0.14 +1.50%
Volume: 8.80M
March 3, 2021 11:00a
P/E Ratio
4.98
Dividend Yield
6.38%
Market Cap
HK$206.55 billion
Rev. per Employee
HK$3.60M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 709.50
+11.50 +1.65%
Volume: 5.65M
March 3, 2021 11:01a
P/E Ratio
50.55
Dividend Yield
0.17%
Market Cap
HK$6630.61 billion
Rev. per Employee
HK$6.80M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,546.59
+38.00 +1.08%
Volume: 17.63B
March 3, 2021 11:01a
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,341.69
+8.93 +0.38%
Volume: 18.05B
March 3, 2021 11:01a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,807.00
+44.70 +0.66%
Volume: 294,852
March 3, 2021 1:56p
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/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 27.43
+0.54 +2.01%
Volume: 3.30M
March 3, 2021 1:56p
P/E Ratio
23.28
Dividend Yield
2.19%
Market Cap
$75.41 billion
Rev. per Employee
$778,092
loading...
/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 85.25
+0.76 +0.90%
Volume: 928,404
March 3, 2021 1:56p
P/E Ratio
18.98
Dividend Yield
2.91%
Market Cap
$149.07 billion
Rev. per Employee
$917,769
loading...
/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 25.65
+0.39 +1.54%
Volume: 2.63M
March 3, 2021 1:56p
P/E Ratio
31.98
Dividend Yield
2.34%
Market Cap
$82.75 billion
Rev. per Employee
$763,679
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,333.83
-10.66 -0.09%
Volume: 0.00
March 3, 2021 3:55p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,053.88
+10.01 +0.33%
Volume: 1.35M
March 3, 2021 11:56a
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/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
239,000
0.00 0.00%
Volume: 513,081
March 3, 2021 11:56a
P/E Ratio
54.06
Dividend Yield
1.26%
Market Cap
₩53662.89 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 610.00
+1.00 +0.16%
Volume: 23.02M
March 3, 2021 10:56a
P/E Ratio
30.54
Dividend Yield
1.64%
Market Cap
NT$15713.81 billion
Rev. per Employee
N/A
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/zigman2/quotes/207039987/delayed
TW : Taiwan
NT$ 75.10
+1.20 +1.62%
Volume: 8.13M
March 3, 2021 10:56a
P/E Ratio
8.36
Dividend Yield
5.99%
Market Cap
NT$198.65 billion
Rev. per Employee
N/A
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,990.06
+16.19 +0.54%
Volume: 0.00
March 3, 2021 11:01a
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,574.04
+4.17 +0.27%
Volume: 0.00
March 3, 2021 11:01a
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,369.35
+10.14 +0.16%
Volume: 0.00
March 3, 2021 10:06a
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