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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 -1.05%   rose 1.1%, while the Shanghai /zigman2/quotes/210598127/delayed CN:SHCOMP +0.05%  gained 1.5% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.43%   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 +0.22%   rose 1.3%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.02%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.09%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.59%   all gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.58%   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 -0.74%   surged in Hong Kong, while food processor WH Group /zigman2/quotes/204247792/delayed HK:288 -1.09%   and HSBC /zigman2/quotes/202687335/delayed HK:5 -0.67%   also gained. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.33%   and chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +3.64%   rose in South Korea. Mining giants BHP /zigman2/quotes/201448516/delayed AU:BHP +4.09%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.69%   were up in Australia.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
19,830.52
-210.34 -1.05%
Volume: 1.95M
Aug. 16, 2022 4:09p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,277.88
+1.80 +0.05%
Volume: 30.36B
Aug. 16, 2022 3:00p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,227.04
+9.60 +0.43%
Volume: 49.02B
Aug. 16, 2022 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,533.52
+5.58 +0.22%
Volume: 398,335
Aug. 16, 2022 3:32p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
15,420.57
+3.22 +0.02%
Volume: 0.00
Aug. 16, 2022 1:33p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,253.79
-3.03 -0.09%
Volume: 0.00
Aug. 16, 2022 5:20p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
7,135.27
+42.00 +0.59%
Volume: 0.00
Aug. 16, 2022 2:49p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,105.40
+41.10 +0.58%
Volume: 663,100
Aug. 16, 2022 5:06p
loading...
/zigman2/quotes/202884203/delayed
HK : Hong Kong
$ 47.00
-0.35 -0.74%
Volume: 4.78M
Aug. 16, 2022 4:08p
P/E Ratio
154.61
Dividend Yield
0.00%
Market Cap
$207.79 billion
Rev. per Employee
$731,795
loading...
/zigman2/quotes/204247792/delayed
HK : Hong Kong
$ 5.43
-0.06 -1.09%
Volume: 17.32M
Aug. 16, 2022 4:08p
P/E Ratio
9.27
Dividend Yield
3.50%
Market Cap
$70.05 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/202687335/delayed
HK : Hong Kong
$ 51.85
-0.35 -0.67%
Volume: 7.77M
Aug. 16, 2022 4:08p
P/E Ratio
9.89
Dividend Yield
4.08%
Market Cap
$1044.02 billion
Rev. per Employee
$2.36M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
61,000.00
+800.00 +1.33%
Volume: 15.04M
Aug. 16, 2022 3:30p
P/E Ratio
9.57
Dividend Yield
2.37%
Market Cap
₩404721.98 billion
Rev. per Employee
₩2.69B
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
96,700.00
+3,400 +3.64%
Volume: 4.27M
Aug. 16, 2022 3:30p
P/E Ratio
5.80
Dividend Yield
0.00%
Market Cap
₩64155.01 billion
Rev. per Employee
₩1.66B
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 40.51
+1.59 +4.09%
Volume: 13.03M
Aug. 16, 2022 4:10p
P/E Ratio
9.11
Dividend Yield
11.84%
Market Cap
$196.54 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 95.93
+0.66 +0.69%
Volume: 1.60M
Aug. 16, 2022 4:10p
P/E Ratio
6.41
Dividend Yield
10.91%
Market Cap
$138.57 billion
Rev. per Employee
$1.68M
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