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Oct. 20, 2021, 2:15 a.m. EDT

Asian markets track 5th straight gain for Wall Street

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By Associated Press

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rose for a fifth day on strong corporate earnings.

Shanghai and Seoul, South Korea, fell while Tokyo and Hong Kong advanced.Wall Street’s benchmark S&P 500 index rose 0.7%, propelled by health care and tech stocks.

Asian markets “were in positive territory” as the region “takes its cue from extended gains on Wall Street following encouraging earnings results,” said Anderson Alves of ActivTrades in a report.

Also Wednesday, investors watched for inflation updates from Britain and some other European governments. Higher inflation might force central banks to act sooner than planned on hiking interest rates and rolling back other economic stimulus.

The Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.44% lost 0.2% to 3,588 and the Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK +0.50% in Tokyo gained 0.1% to 29,255. The Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -1.40% in Hong Kong added 1.3% to 26,134.

The Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.0019% in Seoul shed 0.4% to 3,014, while Sydney’s S&P-ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.03% advanced 0.5% to 7,413.

New Zealand and Singapore rose while Bangkok retreated.

On Tuesday, the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.01% rose to 4,519.63, within 0.4% of its Sept. 2 all-time high. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.03% gained 198.70 points to 34,457.31. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.30% rose 107.28 points to 15,129.09.

Johnson & Johnson /zigman2/quotes/201724570/composite JNJ +1.75% , the biggest maker of health products, rose 2.3% after reporting strong quarterly earnings and raising its profit forecast for the year.

Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.17% rose 1.5% and software maker Adobe /zigman2/quotes/200389143/composite ADBE +1.19% gained 2.1%.

Investors worry disruptions to supply lines and shipping due to the coronavirus pandemic might depress corporate profits or push up inflation.

Procter & Gamble /zigman2/quotes/202894679/composite PG +0.06% fell 1.2% after saying it will raise prices amid higher commodity and freight costs.

Overall, however, analysts polled by FactSet forecast earnings growth of 30% for the S&P 500, up from 23% in June.

Exxon Mobil /zigman2/quotes/204455864/composite XOM +0.79% rose 1.5% as oil prices rose. U.S. crude is up 73% for the year, while natural gas prices have risen 81%.

Surging energy prices are rising concerns about a supply crunch that might hold back an economic recovery.

Also Tuesday, the the Commerce Department reported that U.S. home construction fell 1.6% in September. Beazer Homes /zigman2/quotes/208808128/composite BZH +1.26% fell 2.7% and Hovnanian Enterprises /zigman2/quotes/203952761/composite HOV +0.79% fell 3%.

In energy markets, benchmark U.S. crude /zigman2/quotes/209723049/delayed CL00 +0.42% lost 52 cents to $81.92 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude , the price basis for international oils, declined 57 cents to $84.51 per barrel in London.

The dollar rose to 114.51 yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.4324% from Tuesday’s 114.31 yen. The euro /zigman2/quotes/210561242/realtime/sampled EURUSD +0.2745% held steady at $1.1640.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,132.73
-13.83 -0.44%
Volume: 19.44B
May 23, 2022 10:55a
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/zigman2/quotes/210597971/delayed
JP : Nikkei
26,872.01
+132.98 +0.50%
Volume: 0.00
May 23, 2022 11:30a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
20,427.44
-289.80 -1.40%
Volume: 582,827
May 23, 2022 10:55a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,639.34
+0.05 +0.0019%
Volume: 295,448
May 23, 2022 11:50a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,147.50
+1.90 +0.03%
Volume: 243,969
May 23, 2022 12:50p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,901.36
+0.57 +0.01%
Volume: 3.00B
May 20, 2022 5:03p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,261.90
+8.77 +0.03%
Volume: 498.89M
May 20, 2022 5:03p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,354.62
-33.88 -0.30%
Volume: 4.64M
May 20, 2022 5:16p
loading...
/zigman2/quotes/201724570/composite
US : U.S.: NYSE
$ 176.98
+3.04 +1.75%
Volume: 7.52M
May 20, 2022 4:00p
P/E Ratio
23.83
Dividend Yield
2.55%
Market Cap
$465.71 billion
Rev. per Employee
$669,704
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 137.59
+0.24 +0.17%
Volume: 137.43M
May 20, 2022 4:00p
P/E Ratio
22.36
Dividend Yield
0.67%
Market Cap
$2226.92 billion
Rev. per Employee
$2.51M
loading...
/zigman2/quotes/200389143/composite
US : U.S.: Nasdaq
$ 399.09
+4.71 +1.19%
Volume: 3.43M
May 20, 2022 4:00p
P/E Ratio
39.62
Dividend Yield
N/A
Market Cap
$188.57 billion
Rev. per Employee
$620,748
loading...
/zigman2/quotes/202894679/composite
US : U.S.: NYSE
$ 141.79
+0.09 +0.06%
Volume: 7.79M
May 20, 2022 4:03p
P/E Ratio
24.78
Dividend Yield
2.58%
Market Cap
$340.20 billion
Rev. per Employee
$788,297
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 91.86
+0.72 +0.79%
Volume: 28.80M
May 20, 2022 4:03p
P/E Ratio
15.22
Dividend Yield
3.83%
Market Cap
$386.96 billion
Rev. per Employee
$4.96M
loading...
/zigman2/quotes/208808128/composite
US : U.S.: NYSE
$ 15.22
+0.19 +1.26%
Volume: 327,379
May 20, 2022 4:00p
P/E Ratio
2.84
Dividend Yield
N/A
Market Cap
$478.79 million
Rev. per Employee
$2.02M
loading...
/zigman2/quotes/203952761/composite
US : U.S.: NYSE
$ 44.51
+0.35 +0.79%
Volume: 46,705
May 20, 2022 4:00p
P/E Ratio
0.51
Dividend Yield
N/A
Market Cap
$262.15 million
Rev. per Employee
$1.55M
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 110.74
+0.46 +0.42%
Volume: 15,392
May 22, 2022 11:00p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
127.3250
-0.5530 -0.4324%
Volume: 0.0000
May 22, 2022 11:10p
loading...
/zigman2/quotes/210561242/realtime/sampled
US : Tullett Prebon
1.0594
+0.0029 +0.2745%
Volume: 0.0000
May 22, 2022 11:10p
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