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Sept. 24, 2013, 12:35 a.m. EDT

Asian shares lower, but Apple suppliers rise

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By Daniel Inman

Shanghai gave up most of its gains from the previous session, leading declines Tuesday in Asia, while the Indonesian rupiah hit a more-than-four-year low against the dollar.

Stocks continued to come down from the initial excitement following the U.S. Federal Reserve’s decision last week to leave bond buying unchanged. That gave markets in Asia a boost on Thursday, though stocks have weakened since then.

The region’s worst performer was China, where the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.83%  fell 1.2%, retreating from Monday’s 1.3% gain on signs of improvement in manufacturing activity.


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Asian markets trade lower, following a negative lead from the U.S., with Tokyo returning from a three-day weekend.

“The global growth story is real, but probably not enough to give equities an extra leg up right now,” said Chris Weston, Melbourne-based chief market strategist at broker IG. “It would be healthy to have a bit of a pullback.”

Many markets took their lead from the U.S., where Wall Street ended Monday lower as investors continued trying to determine the Fed’s monetary-policy plans. One central bank official said Monday that the economy isn’t strong enough for a pullback of easy-money policies.

In the currency market, the rupiah /zigman2/quotes/210562008/realtime/sampled USDIDR -0.0355%  dropped to 11,525 against the dollar — a level not seen since April 2009 — as the greenback rebounded against Southeast Asian currencies this week.

The yen strengthened to 98.72 yen to the dollar early in Asia compared with ¥98.84 late on Monday in New York and ¥99.33 late on Friday.

Stocks in Tokyo resumed trading after a public holiday on Monday with the Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +1.39%  down 0.8% as a stronger yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.2893%  weighed on the market.

Exporters were affected by the firmer currency — especially car companies. Toyota Motor Corp. /zigman2/quotes/203803129/delayed JP:7203 +0.94%   /zigman2/quotes/200537742/composite TM -1.94%  dropped 0.6%, and Honda Motor Co. /zigman2/quotes/200490352/delayed JP:7267 +1.69%   /zigman2/quotes/207173990/composite HMC -3.01%  was 1.2% lower.

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Miners led Australia’s S&P ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.19%  0.6% lower. Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.71%   /zigman2/quotes/202627887/composite RIO -5.15%  dropped 1.1%, and BHP Billiton /zigman2/quotes/201448516/delayed AU:BHP +0.92%   /zigman2/quotes/208108397/composite BHP -4.43%  slid 0.8%.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +2.61%   fell 0.7%, and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +2.70%  dropped 1.1%.

Southeast Asia also fell, with the Philippines PSE Composite /zigman2/quotes/210597949/delayed PH:PSEI -0.07%   0.5% lower, and Indonesia’s JSX /zigman2/quotes/210597981/delayed ID:JAKIDX -1.06%  down 0.8%, and Singapore’s Strait Times Index /zigman2/quotes/210597985/delayed SG:STI +0.18% 0.1% lower.

A number of Asian companies supplying U.S. technology giant Apple Inc. /zigman2/quotes/202934861/composite AAPL -1.37%  moved higher after the company reported a “record-breaking” opening weekend for its newest iPhones. Apple’s stock finished 5% higher on Monday, and on Tuesday Murata Manufacturing Co. /zigman2/quotes/204266745/delayed JP:6981 +2.48%   /zigman2/quotes/209506717/composite MRAAF -2.17%  gained 1.3% in Tokyo, LG Display /zigman2/quotes/204226570/delayed KR:034220 +1.69%   /zigman2/quotes/204466928/composite LPL -1.86%  rose 1.7% in Seoul, and Hon Hai Precision Industry /zigman2/quotes/207256514/delayed TW:2317 +0.88%   /zigman2/quotes/205520950/composite HNHPF -2.54%  rose 0.5% in Taiwan.

/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,566.38
-29.84 -0.83%
Volume: 32.34B
Jan. 19, 2021 3:01p
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/zigman2/quotes/210562008/realtime/sampled
US : Tullett Prebon
14,065.0000
-5.0000 -0.0355%
Volume: 0.0000
Jan. 19, 2021 5:44a
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/zigman2/quotes/210597971/delayed
JP : Nikkei
28,633.46
+391.25 +1.39%
Volume: 0.00
Jan. 19, 2021 3:15p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
103.9910
+0.3000 +0.2893%
Volume: 0.0000
Jan. 19, 2021 7:02a
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,708.00
+72.00 +0.94%
Volume: 4.19M
Jan. 19, 2021 3:00p
P/E Ratio
15.25
Dividend Yield
2.92%
Market Cap
¥21621.15 billion
Rev. per Employee
¥83.25M
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/zigman2/quotes/200537742/composite
US : U.S.: NYSE
$ 148.41
-2.93 -1.94%
Volume: 390,758
Jan. 15, 2021 4:00p
P/E Ratio
15.82
Dividend Yield
2.54%
Market Cap
$208.15 billion
Rev. per Employee
$765,642
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,833.50
+47.00 +1.69%
Volume: 3.41M
Jan. 19, 2021 3:00p
P/E Ratio
19.95
Dividend Yield
2.40%
Market Cap
¥4895.04 billion
Rev. per Employee
¥68.28M
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/zigman2/quotes/207173990/composite
US : U.S.: NYSE
$ 27.40
-0.85 -3.01%
Volume: 868,250
Jan. 15, 2021 4:00p
P/E Ratio
20.55
Dividend Yield
2.43%
Market Cap
$47.12 billion
Rev. per Employee
$628,000
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,742.60
+79.60 +1.19%
Volume: 502,187
Jan. 19, 2021 5:07p
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/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 119.63
+0.84 +0.71%
Volume: 815,073
Jan. 19, 2021 4:10p
P/E Ratio
18.22
Dividend Yield
4.73%
Market Cap
$175.27 billion
Rev. per Employee
$1.35M
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/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 80.47
-4.37 -5.15%
Volume: 2.04M
Jan. 15, 2021 4:00p
P/E Ratio
18.20
Dividend Yield
4.80%
Market Cap
$134.99 billion
Rev. per Employee
$942,111
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 45.87
+0.42 +0.92%
Volume: 6.56M
Jan. 19, 2021 4:10p
P/E Ratio
19.68
Dividend Yield
3.81%
Market Cap
$217.43 billion
Rev. per Employee
N/A
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/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 70.61
-3.27 -4.43%
Volume: 2.09M
Jan. 15, 2021 4:00p
P/E Ratio
22.51
Dividend Yield
3.40%
Market Cap
$167.46 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,092.66
+78.73 +2.61%
Volume: 1.35M
Jan. 19, 2021 3:30p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
29,642.28
+779.51 +2.70%
Volume: 4.57M
Jan. 19, 2021 4:08p
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/zigman2/quotes/210597949/delayed
PH : Philippine Stock Exchange
7,198.45
-4.99 -0.07%
Volume: 0.00
Jan. 19, 2021 1:00p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,321.86
-67.98 -1.06%
Volume: 0.00
Jan. 19, 2021 3:00p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,995.92
+5.52 +0.18%
Volume: 0.00
Jan. 19, 2021 5:20p
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 127.14
-1.77 -1.37%
Volume: 111.60M
Jan. 15, 2021 4:00p
P/E Ratio
38.92
Dividend Yield
0.64%
Market Cap
$2138.91 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/204266745/delayed
JP : Japan: Tokyo
¥ 10,330.00
+250.00 +2.48%
Volume: 2.92M
Jan. 19, 2021 3:00p
P/E Ratio
34.40
Dividend Yield
1.06%
Market Cap
¥6423.76 billion
Rev. per Employee
¥20.70M
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/zigman2/quotes/209506717/composite
US : U.S.: OTC
$ 96.85
-2.15 -2.17%
Volume: 1,534
Jan. 15, 2021 3:53p
P/E Ratio
34.73
Dividend Yield
N/A
Market Cap
$61.84 billion
Rev. per Employee
$190,386
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/zigman2/quotes/204226570/delayed
KR : S. Korea: KRX
21,000.00
+350.00 +1.69%
Volume: 3.53M
Jan. 19, 2021 3:30p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
₩7532.02 billion
Rev. per Employee
₩880.39M
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/zigman2/quotes/204466928/composite
US : U.S.: NYSE
$ 9.50
-0.18 -1.86%
Volume: 476,461
Jan. 15, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$6.85 billion
Rev. per Employee
$754,931
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/zigman2/quotes/207256514/delayed
TW : Taiwan
NT$ 115.00
+1.00 +0.88%
Volume: 86.79M
Jan. 19, 2021 1:30p
P/E Ratio
15.56
Dividend Yield
3.65%
Market Cap
NT$1601.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/205520950/composite
US : U.S.: OTC
$ 8.45
-0.22 -2.54%
Volume: 342,469
Jan. 15, 2021 3:59p
P/E Ratio
17.15
Dividend Yield
2.44%
Market Cap
$57.22 billion
Rev. per Employee
N/A
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