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Sept. 3, 2018, 5:03 a.m. EDT

Asian markets take a step back to start September

Nikkei down; indexes in China, Hong Kong continue to slump

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By Dow Jones Newswire


Getty Images/iStockphoto
Crowds of people at the famous Shibuya Crossing in Tokyo.

Asian stock markets started September lower on Monday, as trade-war fears increased after the U.S. and Canada missed a deal deadline set for Friday and uncertainty rose about escalating tariffs between the U.S. and China.

U.S. markets will be closed for the Labor Day holiday, but S&P 500 futures   were up about 0.3%.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.69% closed down 0.7% even with the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.1512% little changed from Friday’s end-of-day levels in Tokyo. Steel and energy names were among the biggest laggards, with crude explorer Inpex /zigman2/quotes/206689846/delayed JP:1605 0.00%   and Nippon Steel & Sumitomo Metal /zigman2/quotes/209782682/delayed JP:5401 -0.74%   both down more than 1%. Meanwhile, Renesas Electronics /zigman2/quotes/203872935/delayed JP:6723 -1.53% tumbled 6.4% following news it is in the late stages of talks to possibly buy California-based Integrated Device Technology Inc. for about $6 billion. Sony Corp. /zigman2/quotes/201361720/delayed JP:6758 -2.23%   and Toyota Motor Corp. /zigman2/quotes/203803129/delayed JP:7203 -0.05%  also logged declines of more than 1%.

Chinese stocks, already hit last week, continued to slump. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +2.28%   finished down 0.2%, and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +3.18%   was also off 0.2%. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.52%  shed 0.6%, as Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 +0.39%  dropped an additional 2.1% following the Chinese government’s crackdown last week on online games.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.06% slipped 0.7% as index heavyweights Samsung Electronics Co. /zigman2/quotes/209800866/delayed KR:005930 -0.49%   and Posco /zigman2/quotes/201759282/delayed KR:005490 -0.46%   fell more than 2% each.

New Zealand’s NZX 50 /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.33% ended off 0.6%, with Fisher & Paykel /zigman2/quotes/205747631/delayed NZ:FPH +2.22% sliding 3.9% after the medical-device firm was slapped with a patent-infringement lawsuit. Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.07% finished lower by 0.1%.

Benchmarks in Taiwan  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.22%   and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.48%  were down between about 0.2% and 0.9%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,523.24
-164.35 -0.69%
Volume: 0.00
Feb. 17, 2020 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.9330
+0.1660 +0.1512%
Volume: 0.0000
Feb. 17, 2020 2:04p
loading...
/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 1,050.50
0.00 0.00%
Volume: 3.18M
Feb. 17, 2020 3:00p
P/E Ratio
9.77
Dividend Yield
3.43%
Market Cap
¥1533.94 billion
Rev. per Employee
¥291.81M
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/zigman2/quotes/209782682/delayed
JP : Japan: Tokyo
¥ 1,477.00
-11.00 -0.74%
Volume: 2.85M
Feb. 17, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
0.68%
Market Cap
¥1369.99 billion
Rev. per Employee
¥64.38M
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/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 771.00
-12.00 -1.53%
Volume: 6.28M
Feb. 17, 2020 3:00p
P/E Ratio
604.14
Dividend Yield
N/A
Market Cap
¥1339.15 billion
Rev. per Employee
¥36.92M
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,452.00
-170.00 -2.23%
Volume: 5.60M
Feb. 17, 2020 3:00p
P/E Ratio
14.36
Dividend Yield
0.60%
Market Cap
¥9347.75 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,725.00
-4.00 -0.05%
Volume: 3.06M
Feb. 17, 2020 3:00p
P/E Ratio
8.93
Dividend Yield
2.85%
Market Cap
¥21851.10 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,983.62
+66.61 +2.28%
Volume: 31.32B
Feb. 17, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,835.96
+56.53 +3.18%
Volume: 48.11B
Feb. 17, 2020 3:00p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,959.60
+144.00 +0.52%
Volume: 1.41M
Feb. 17, 2020 4:08p
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 416.60
+1.60 +0.39%
Volume: 10.68M
Feb. 17, 2020 4:08p
P/E Ratio
40.61
Dividend Yield
0.24%
Market Cap
HK$3932.81 billion
Rev. per Employee
HK$8.27M
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,242.17
-1.42 -0.06%
Volume: 458,247
Feb. 17, 2020 3:30p
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
61,500.00
-300.00 -0.49%
Volume: 8.74M
Feb. 17, 2020 3:30p
P/E Ratio
16.98
Dividend Yield
2.30%
Market Cap
₩419787.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/201759282/delayed
KR : S. Korea: KRX
218,500
-1,000 -0.46%
Volume: 281,494
Feb. 17, 2020 3:30p
P/E Ratio
19.26
Dividend Yield
4.58%
Market Cap
₩17585.40 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,873.98
+39.15 +0.33%
Volume: 0.00
Feb. 17, 2020 5:01p
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/zigman2/quotes/205747631/delayed
NZ : New Zealand: NZX
$ 24.82
+0.54 +2.22%
Volume: 207,837
Feb. 17, 2020 4:59p
P/E Ratio
61.63
Dividend Yield
1.03%
Market Cap
$13.95 billion
Rev. per Employee
$246,885
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,125.10
-5.10 -0.07%
Volume: 501,267
Feb. 17, 2020 5:53p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,213.00
-7.03 -0.22%
Volume: 0.00
Feb. 17, 2020 5:20p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,537.12
-7.34 -0.48%
Volume: 0.00
Feb. 17, 2020 5:05p
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