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Aug. 23, 2018, 4:42 a.m. EDT

Asian markets shove their way higher

Nikkei nudges up while Taiwan and South Korea log fifth straight gains

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By Dow Jones Newswire


Reuters
Wrestler Papang Ramadhani of Indonesia, left, grapples with Arata Sonoda of Japan on Wednesday at the 2018 Asian Games in Jakarta.

Asia-Pacific stocks finished broadly higher, and benchmarks in Taiwan and South Korea logged their fifth straight gains.

So-called defensive stocks led Japan’s market higher, signaling market caution on U.S. trade, political and monetary-policy developments. The Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.87% gained 0.2% to close at 22,410.82, but auto stocks lagged after Wednesday’s traded-fueled jump. Suzuki /zigman2/quotes/201794956/delayed JP:7269 -1.51%  tumbled 4.8% and auto-parts maker Denso /zigman2/quotes/201343434/delayed JP:6902 -0.80%  dropped 2.8%. Among big-cap movers, furniture retailer Nitori /zigman2/quotes/202897004/delayed JP:9843 -0.63%  climbed 3.8%% while ground-transportation firm Yamato /zigman2/quotes/207036626/delayed JP:9064 -1.17%  rose 2.5% and health care-equipment maker Sysmex /zigman2/quotes/209498760/delayed JP:6869 -0.24% added 1.7%.

Hong Kong’s Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -1.52%  was a rare decliner, as it ended a four-day winning streak. The benchmark shed 0.5% to 2,7491.46 as most heavyweights gave up ground. Insurer AIA fell 1% ahead of Friday’s second-quarter results. Smartphone-components firm AAC /zigman2/quotes/201441510/delayed HK:2018 -3.70% lost 4.2% after post-earnings gains earlier this week as analysts slashed stock targets. And smartphone maker Xiaomi /zigman2/quotes/208140246/delayed HK:1810 -3.40% ended down 1.4%, giving up large early gains in the wake of earnings. Elsewhere, casino developer Landing International Development /zigman2/quotes/204873534/delayed HK:582 -5.36% plunged 35% before trading was halted amid apparent questions about the status of a Manila project.

Chinese stocks ended with gains on the strength of an afternoon rally, with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.83% adding 0.4% to 2,724.62 and Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.85% rising 0.6% to 1,463.69. Tech and insurance sectors led the gains while commodities were laggards. ZTE /zigman2/quotes/209674390/delayed CN:000063 -2.97% climbed 8.4% after Xiaomi earnings and insurer Ping An /zigman2/quotes/202773380/delayed CN:601318 -1.29% advanced a further 2% on top of Wednesday’s earnings-driven gains.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.61% fell 0.3% to 6,244.4 as the financial sector fell at least 1% for a third straight day, the first streak of its kind since January 2016’s global stock slump. But materials rose 0.6% and the lightly weighted telecom sector climbed a further 1.9% on M&A hopes. As earnings season continues, Qantas Airways /zigman2/quotes/205534063/delayed AU:QAN -0.57%  fell 2.8%, but Santos /zigman2/quotes/207349564/delayed AU:STO -0.38% jumped 11% to fresh three-year highs.

New Zealand’s NZX 50 /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.52% snapped a seven-session win streak, including record closing highs for the past three days, as it fell 0.25% to close at 9,139.87 . Air New Zealand /zigman2/quotes/200916351/delayed NZ:AIR -1.53% dropped 4.3% following its earnings report and Wednesday’s 3% jump in oil prices. .

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.11% rose 0.4% to 2,282.60, a two-week closing high. Taiwan’s Taiex also reached a two=-week closing high after adding 0.55% to 10,863.13. Benchmarks in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.56% , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.05%  and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.07%  , which were closed for holidays Wednesday, also rose.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,587.01
-197.73 -0.87%
Volume: 0.00
July 14, 2020 3:15p
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/zigman2/quotes/201794956/delayed
JP : Japan: Tokyo
¥ 3,795.00
-58.00 -1.51%
Volume: 1.45M
July 14, 2020 3:00p
P/E Ratio
13.25
Dividend Yield
1.95%
Market Cap
¥1772.43 billion
Rev. per Employee
¥59.39M
loading...
/zigman2/quotes/201343434/delayed
JP : Japan: Tokyo
¥ 4,234.00
-34.00 -0.80%
Volume: 1.14M
July 14, 2020 3:00p
P/E Ratio
48.18
Dividend Yield
3.31%
Market Cap
¥3154.50 billion
Rev. per Employee
¥31.92M
loading...
/zigman2/quotes/202897004/delayed
JP : Japan: Tokyo
¥ 22,055.00
-140.00 -0.63%
Volume: 284,500
July 14, 2020 3:00p
P/E Ratio
32.45
Dividend Yield
0.52%
Market Cap
¥2469.42 billion
Rev. per Employee
¥57.68M
loading...
/zigman2/quotes/207036626/delayed
JP : Japan: Tokyo
¥ 2,712.00
-32.00 -1.17%
Volume: 1.59M
July 14, 2020 3:00p
P/E Ratio
48.12
Dividend Yield
1.14%
Market Cap
¥1031.99 billion
Rev. per Employee
¥7.62M
loading...
/zigman2/quotes/209498760/delayed
JP : Japan: Tokyo
¥ 8,003.00
-19.00 -0.24%
Volume: 323,100
July 14, 2020 3:00p
P/E Ratio
47.95
Dividend Yield
0.90%
Market Cap
¥1654.93 billion
Rev. per Employee
¥38.84M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,381.14
-390.98 -1.52%
Volume: 1.90M
July 14, 2020 3:54p
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 58.60
-2.25 -3.70%
Volume: 16.30M
July 14, 2020 3:54p
P/E Ratio
28.28
Dividend Yield
0.68%
Market Cap
HK$72.27 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/208140246/delayed
HK : Hong Kong
HK$ 16.46
-0.58 -3.40%
Volume: 283.18M
July 14, 2020 3:54p
P/E Ratio
39.44
Dividend Yield
N/A
Market Cap
HK$222.57 billion
Rev. per Employee
HK$14.28M
loading...
/zigman2/quotes/204873534/delayed
HK : Hong Kong
HK$ 0.27
-0.02 -5.36%
Volume: 2.91M
July 14, 2020 3:37p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
HK$933.30 million
Rev. per Employee
HK$924,332
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,414.62
-28.67 -0.83%
Volume: 54.32B
July 14, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,309.57
-19.83 -0.85%
Volume: 73.55B
July 14, 2020 3:00p
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/zigman2/quotes/209674390/delayed
CN : China: Shenzhen
¥ 44.80
-1.37 -2.97%
Volume: 121.28M
July 14, 2020 3:00p
P/E Ratio
37.61
Dividend Yield
0.45%
Market Cap
¥191.20 billion
Rev. per Employee
¥1.21M
loading...
/zigman2/quotes/202773380/delayed
CN : China: Shanghai
¥ 81.30
-1.06 -1.29%
Volume: 98.86M
July 14, 2020 3:00p
P/E Ratio
11.40
Dividend Yield
2.52%
Market Cap
¥1477.91 billion
Rev. per Employee
¥2.83M
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,941.10
-36.40 -0.61%
Volume: 652,785
July 14, 2020 5:01p
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/zigman2/quotes/205534063/delayed
AU : Australia: Sydney
$ 3.49
-0.02 -0.57%
Volume: 8.86M
July 14, 2020 4:10p
P/E Ratio
6.54
Dividend Yield
3.72%
Market Cap
$6.45 billion
Rev. per Employee
$568,765
loading...
/zigman2/quotes/207349564/delayed
AU : Australia: Sydney
$ 5.20
-0.02 -0.38%
Volume: 5.59M
July 14, 2020 4:10p
P/E Ratio
11.28
Dividend Yield
3.16%
Market Cap
$10.79 billion
Rev. per Employee
$2.29M
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,494.14
+59.35 +0.52%
Volume: 0.00
July 14, 2020 5:00p
loading...
/zigman2/quotes/200916351/delayed
NZ : New Zealand: NZX
$ 1.29
-0.02 -1.53%
Volume: 2.51M
July 14, 2020 5:00p
P/E Ratio
6.62
Dividend Yield
8.53%
Market Cap
$1.50 billion
Rev. per Employee
$513,184
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,183.61
-2.45 -0.11%
Volume: 799,676
July 14, 2020 3:32p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,616.32
-14.76 -0.56%
Volume: 0.00
July 14, 2020 3:54p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,607.20
+0.77 +0.05%
Volume: 0.00
July 14, 2020 3:54p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,068.14
+3.69 +0.07%
Volume: 0.00
July 14, 2020 2:50p
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