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Dec. 4, 2018, 8:16 a.m. EST

Asian markets take a break a day after big gains

Nikkei snaps 7-day win streak; Chinese stocks manage slim gains

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By Dow Jones Newswires


AFP/Getty Images
Customers sit outside a cafe in Hong Kong.

Asian equities were broadly lower Tuesday as a pause may have finally arrived for Japanese stocks.

After gaining in seven straight sessions, the Nikkei /zigman2/quotes/210597971/delayed JP:NIK +2.41%   fell more than 2%. Nissan shares /zigman2/quotes/208298710/delayed JP:7201 +1.43%   fell after a Reuters report said the auto maker’s board will meet to discuss a replacement for former Chairman Carlos Ghosn, who was arrested last week. Elsewhere, Nintendo /zigman2/quotes/208063194/delayed JP:7974 +0.80%   fell around 5% while Kobe Steel /zigman2/quotes/207391157/delayed JP:5406 -0.30%   fell about 6%. Konica Minolta /zigman2/quotes/205772223/delayed JP:4902 +1.86%   was among the biggest gainers.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.54%   moved in volatile fashion but closed with a fresh high that marked the best since late September. Energy stocks fell, with Sinopec /zigman2/quotes/202085942/delayed HK:386 -0.93%   down more than 1.1%. Tech, financials and property shares were also weak while typical safe-haven utilities outperformed.

Both the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.21%   and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +2.42%   were fractionally higher.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -2.80%   was down 0.8%, as chip makers Samsung /zigman2/quotes/209800866/delayed KR:005930 -3.28%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -4.71%   each fell more than 2%. Singapore’s Strait Times Index /zigman2/quotes/210597985/delayed SG:STI +0.91%   was off almost 1%, while Taiwan’s Taiex   edged down, with Taiwan Semiconductor c /zigman2/quotes/207385621/delayed TW:2330 -4.57%   dipping despite an upgrade from Daiwa, which predicted big gains in the chip maker’s AI business by 2020.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.74%   dropped as the financial sector fell again. Australia & New Zealand Banking Group /zigman2/quotes/205482049/delayed AU:ANZ +1.60%   was down nearly 1%, along with Commonwealth Bank /zigman2/quotes/200638713/delayed AU:CBA +3.13%   and National Bank of Australia /zigman2/quotes/210431826/delayed AU:NAB +2.03%  . Additionally, the Reserve Bank of Australia left interest rates unchanged at their historic low of 1.5%. New Zealand’s NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.61%   slipped.

/zigman2/quotes/210597971/delayed
JP : Nikkei
29,663.50
+697.49 +2.41%
Volume: 0.00
March 1, 2021 3:15p
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 582.90
+8.20 +1.43%
Volume: 9.31M
March 1, 2021 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥2248.88 billion
Rev. per Employee
¥71.69M
loading...
/zigman2/quotes/208063194/delayed
JP : Japan: Tokyo
¥ 65,270.00
+520.00 +0.80%
Volume: 716,000
March 1, 2021 3:00p
P/E Ratio
17.71
Dividend Yield
2.88%
Market Cap
¥7713.22 billion
Rev. per Employee
¥211.05M
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/zigman2/quotes/207391157/delayed
JP : Japan: Tokyo
¥ 654.00
-2.00 -0.30%
Volume: 3.52M
March 1, 2021 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥237.93 billion
Rev. per Employee
¥45.79M
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/zigman2/quotes/205772223/delayed
JP : Japan: Tokyo
¥ 549.00
+10.00 +1.86%
Volume: 9.19M
March 1, 2021 3:00p
P/E Ratio
N/A
Dividend Yield
4.55%
Market Cap
¥265.96 billion
Rev. per Employee
¥22.66M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,427.89
+447.68 +1.54%
Volume: 2.43M
March 1, 2021 4:02p
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/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 4.25
-0.04 -0.93%
Volume: 131.56M
March 1, 2021 3:59p
P/E Ratio
12.16
Dividend Yield
5.37%
Market Cap
HK$626.97 billion
Rev. per Employee
HK$7.49M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,551.40
+42.32 +1.21%
Volume: 31.55B
March 1, 2021 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,349.17
+55.48 +2.42%
Volume: 34.50B
March 1, 2021 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,012.95
-86.74 -2.80%
Volume: 1.36M
Feb. 26, 2021 3:33p
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
82,500.00
-2,800 -3.28%
Volume: 38.52M
Feb. 26, 2021 3:30p
P/E Ratio
21.48
Dividend Yield
1.72%
Market Cap
₩552413.27 billion
Rev. per Employee
N/A
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
141,500
-7,000 -4.71%
Volume: 10.84M
Feb. 26, 2021 3:30p
P/E Ratio
20.36
Dividend Yield
0.83%
Market Cap
₩96786.26 billion
Rev. per Employee
N/A
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,975.85
+26.81 +0.91%
Volume: 0.00
March 1, 2021 4:02p
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/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 606.00
-29.00 -4.57%
Volume: 117.81M
Feb. 26, 2021 1:30p
P/E Ratio
30.34
Dividend Yield
1.65%
Market Cap
NT$15713.81 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,789.60
+116.30 +1.74%
Volume: 734,282
March 1, 2021 5:18p
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/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 26.59
+0.42 +1.60%
Volume: 4.05M
March 1, 2021 4:10p
P/E Ratio
22.57
Dividend Yield
2.26%
Market Cap
$74.22 billion
Rev. per Employee
$778,092
loading...
/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 84.11
+2.55 +3.13%
Volume: 2.48M
March 1, 2021 4:10p
P/E Ratio
18.72
Dividend Yield
2.95%
Market Cap
$144.55 billion
Rev. per Employee
$917,769
loading...
/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 25.14
+0.50 +2.03%
Volume: 4.70M
March 1, 2021 4:10p
P/E Ratio
31.35
Dividend Yield
2.39%
Market Cap
$81.10 billion
Rev. per Employee
$763,679
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,301.81
+74.52 +0.61%
Volume: 0.00
March 1, 2021 5:00p
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