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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 -0.43%   fell more than 2%. Nissan shares /zigman2/quotes/208298710/delayed JP:7201 -2.14%   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   fell around 5% while Kobe Steel /zigman2/quotes/207391157/delayed JP:5406 -0.53%   fell about 6%. Konica Minolta /zigman2/quotes/205772223/delayed JP:4902 +0.96%   was among the biggest gainers.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.68%   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 +1.46%   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 +0.26%   and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.62%   were fractionally higher.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.33%   was down 0.8%, as chip makers Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.93%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +0.50%   each fell more than 2%. Singapore’s Strait Times Index /zigman2/quotes/210597985/delayed SG:STI +1.17%   was off almost 1%, while Taiwan’s Taiex   edged down, with Taiwan Semiconductor c /zigman2/quotes/207385621/delayed TW:2330 +1.40%   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 +0.68%   dropped as the financial sector fell again. Australia & New Zealand Banking Group /zigman2/quotes/205482049/delayed AU:ANZ +1.03%   was down nearly 1%, along with Commonwealth Bank /zigman2/quotes/200638713/delayed AU:CBA +0.01%   and National Bank of Australia /zigman2/quotes/210431826/delayed AU:NAB +0.77%  . 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 +0.06%   slipped.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,418.15
-96.70 -0.43%
Volume: 0.00
Aug. 6, 2020 3:15p
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/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 379.90
-8.30 -2.14%
Volume: 17.09M
Aug. 6, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥1546.45 billion
Rev. per Employee
¥85.36M
loading...
/zigman2/quotes/207391157/delayed
JP : Japan: Tokyo
¥ 375.00
-2.00 -0.53%
Volume: 3.80M
Aug. 6, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥134.56 billion
Rev. per Employee
¥52.09M
loading...
/zigman2/quotes/205772223/delayed
JP : Japan: Tokyo
¥ 315.00
+3.00 +0.96%
Volume: 7.41M
Aug. 6, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
7.14%
Market Cap
¥155.01 billion
Rev. per Employee
¥24.45M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,932.97
-169.57 -0.68%
Volume: 1.45M
Aug. 6, 2020 3:54p
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/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 3.48
+0.05 +1.46%
Volume: 167.72M
Aug. 6, 2020 3:54p
P/E Ratio
16.19
Dividend Yield
9.93%
Market Cap
HK$513.93 billion
Rev. per Employee
HK$7.40M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,386.46
+8.90 +0.26%
Volume: 41.53B
Aug. 6, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,304.52
-14.40 -0.62%
Volume: 53.40B
Aug. 6, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,342.61
+30.75 +1.33%
Volume: 785,176
Aug. 6, 2020 3:32p
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
58,000.00
+1,100 +1.93%
Volume: 21.33M
Aug. 6, 2020 3:30p
P/E Ratio
18.51
Dividend Yield
2.44%
Market Cap
₩383212.92 billion
Rev. per Employee
N/A
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
81,100.00
+400.00 +0.50%
Volume: 3.30M
Aug. 6, 2020 3:30p
P/E Ratio
24.27
Dividend Yield
1.23%
Market Cap
₩55814.55 billion
Rev. per Employee
N/A
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,562.40
+29.71 +1.17%
Volume: 0.00
Aug. 6, 2020 3:54p
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/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 435.00
+6.00 +1.40%
Volume: 41.03M
Aug. 6, 2020 1:30p
P/E Ratio
24.80
Dividend Yield
2.30%
Market Cap
NT$11033.38 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,042.20
+40.90 +0.68%
Volume: 696,467
Aug. 6, 2020 5:11p
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/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 17.64
+0.18 +1.03%
Volume: 5.29M
Aug. 6, 2020 4:10p
P/E Ratio
12.06
Dividend Yield
12.37%
Market Cap
$49.57 billion
Rev. per Employee
$908,476
loading...
/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 71.71
+0.01 +0.01%
Volume: 2.24M
Aug. 6, 2020 4:10p
P/E Ratio
13.21
Dividend Yield
6.01%
Market Cap
$126.51 billion
Rev. per Employee
$919,022
loading...
/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 17.04
+0.13 +0.77%
Volume: 6.93M
Aug. 6, 2020 4:10p
P/E Ratio
14.89
Dividend Yield
6.63%
Market Cap
$56.29 billion
Rev. per Employee
$1.00M
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,764.59
+6.87 +0.06%
Volume: 0.00
Aug. 6, 2020 5:00p
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