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Oct. 13, 2019, 11:23 p.m. EDT

Asian markets rise on relief over partial U.S.-China trade deal

Stocks surge in Hong Kong, mainland China; Nikkei closed

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By MarketWatch and Associated Press


Getty Images/iStockphoto
The Lujiazui Financial District in Shanghai, where stocks gained Monday.

Asian markets gained in early trading Monday as investors were heartened by Friday’s announcement of a partial trade deal between the U.S. and China.

President Donald Trump in Friday announced a “very substantial phase one deal” that included intellectual-property protections and the Chinese purchase of U.S. agricultural products. There were also reports that tariff hikes against $250 billion of Chinese goods, set to kick in this week, would be put off.

Some analysts were dubious, though. “Hardly the signs of a significant breakthrough,” Jeffrey Halley, senior Asia-Pacific market analyst for Oanda, wrote in a note Sunday. “Both sides appear to have taken small wins that suited them both in the here and now, kicking the significant issues down the road.”

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.36%   rose 1.1%, while the Shanghai /zigman2/quotes/210598127/delayed CN:SHCOMP -0.34%  gained 1.5% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.86%   advanced 1.5%, despite data that China’s exports fell in September, in yuan terms, reversing an August gain. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.07%   rose 1.3%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.16%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.43%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.32%   all gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.09%   advanced 0.6%. Japan’s Nikkei was closed for a holiday.

U.S. bond markets will be closed for the Columbus Day holiday Monday, but stock markets will be open.

Among individual stocks, casino operator Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -0.56%   surged in Hong Kong, while food processor WH Group /zigman2/quotes/204247792/delayed HK:288 -0.93%   and HSBC /zigman2/quotes/202687335/delayed HK:5 +1.22%   also gained. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.32%   and chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.61%   rose in South Korea. Mining giants BHP /zigman2/quotes/201448516/delayed AU:BHP -2.93%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -2.43%   were up in Australia.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,301.36
-83.30 -0.36%
Volume: 1.84M
May 27, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,836.80
-9.74 -0.34%
Volume: 19.81B
May 27, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,774.22
-15.31 -0.86%
Volume: 29.34B
May 27, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,031.20
+1.42 +0.07%
Volume: 1.18M
May 27, 2020 3:30p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,014.66
+17.45 +0.16%
Volume: 0.00
May 27, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,519.48
-10.82 -0.43%
Volume: 0.00
May 27, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,641.56
+14.76 +0.32%
Volume: 0.00
May 27, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,775.00
-5.00 -0.09%
Volume: 1.35M
May 27, 2020 5:15p
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/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 52.85
-0.30 -0.56%
Volume: 11.32M
May 27, 2020 4:08p
P/E Ratio
17.61
Dividend Yield
1.72%
Market Cap
HK$230.40 billion
Rev. per Employee
HK$1.44M
loading...
/zigman2/quotes/204247792/delayed
HK : Hong Kong
HK$ 6.40
-0.06 -0.93%
Volume: 41.84M
May 27, 2020 4:08p
P/E Ratio
8.25
Dividend Yield
4.92%
Market Cap
HK$95.15 billion
Rev. per Employee
HK$1.61M
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
HK$ 37.35
+0.45 +1.22%
Volume: 42.82M
May 27, 2020 4:08p
P/E Ratio
25.90
Dividend Yield
0.00%
Market Cap
HK$751.48 billion
Rev. per Employee
HK$2.88M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
49,900.00
+650.00 +1.32%
Volume: 19.55M
May 27, 2020 3:30p
P/E Ratio
15.92
Dividend Yield
2.84%
Market Cap
₩334539.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
81,400.00
-500.00 -0.61%
Volume: 2.95M
May 27, 2020 3:30p
P/E Ratio
35.73
Dividend Yield
1.23%
Market Cap
₩56019.70 billion
Rev. per Employee
N/A
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 34.46
-1.04 -2.93%
Volume: 9.43M
May 27, 2020 4:10p
P/E Ratio
12.89
Dividend Yield
6.18%
Market Cap
$179.51 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 91.52
-2.28 -2.43%
Volume: 2.32M
May 27, 2020 4:10p
P/E Ratio
13.05
Dividend Yield
7.18%
Market Cap
$151.59 billion
Rev. per Employee
$1.14M
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