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June 26, 2012, 4:23 a.m. EDT

Most Asian stocks extend fall; Hong Kong rebounds

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By Sarah Turner and V. Phani Kumar, MarketWatch

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Miners also fell in Australia, with BHP Billiton Ltd. /zigman2/quotes/201448516/delayed AU:BHP +0.70% /zigman2/quotes/208108397/composite BHP +1.11%  down 1.4% for a week-to-date loss of 2.8%.

Hong Kong-listed commodity firms also saw some weakness, with PetroChina Co. /zigman2/quotes/204979431/delayed HK:857 +0.74%   /zigman2/quotes/205108732/composite PTR +2.18%  down 0.7%. The company’s Shanghai listed shares dropped 0.4%.

Casino stocks fall

Macau casino operator Sands China Ltd. /zigman2/quotes/207609245/delayed HK:1928 +1.21%  fell 5.8%, with the drop coinciding with unconfirmed reports China may be considering tightening visa and credit policies which could result in dampened tourist visits from the Chinese mainland.

Elsewhere in the sector, shares of Wynn Macau Ltd. /zigman2/quotes/200973447/delayed HK:1128 +3.04%   /zigman2/quotes/210239025/composite WYNMF +1.05%  dropped 2.8%, while MGM China Holdings Ltd. /zigman2/quotes/203735819/delayed HK:2282 +1.16%   /zigman2/quotes/207834661/composite MCHVF +9.60% dropped 4.8% and SJM Holdings Ltd. /zigman2/quotes/203488207/delayed HK:880 -2.56%   /zigman2/quotes/205538449/composite SJMHF +5.69%  lost 2%.

Sands China is the lone Hang Seng Index component of the group and Credit Suisse on Tuesday lowered its recommendation on the stock to neutral from outperform, and cut also its share-price target, citing a soft earnings outlook.

SouthGobi Resources Ltd.’s /zigman2/quotes/204357902/delayed HK:1878 -1.92%  shares dropped 8.4% after saying its Mongolian operations continue to negatively affected by regulatory issues, including uncertainty over operating licenses suspended by the Mongolian government in April on national security grounds.

However those losses were offset by strength in the property sector, with China Overseas Land & Investment Ltd. /zigman2/quotes/205731176/delayed HK:688 0.00% /zigman2/quotes/210412581/composite CAOVF -5.11% rising 2.4% and Agile Property Holdings Ltd. /zigman2/quotes/210448079/delayed HK:3383 +0.60%   /zigman2/quotes/200754284/composite AGPYY +16.31%  rising 1.2%.

Other gainers included News Corp. /zigman2/quotes/209121543/delayed AU:NWS +0.28%   /zigman2/quotes/201755982/composite NWSA +1.85% , which climbed 2.4% in Sydney after the Wall Street Journal reported, citing people familiar with the situation, that the media giant is considering splitting itself in two. Such a move would see the firm hive off its film and television operations from its newspapers, book-publishing and education assets, the report stated. Read more on Australian media sector

News Corp. is the parent of The Wall Street Journal and MarketWatch, the publisher of this report.

/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 40.19
+0.28 +0.70%
Volume: 1.34M
Aug. 13, 2020 10:25a
P/E Ratio
15.04
Dividend Yield
5.30%
Market Cap
$188.23 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 57.46
+0.63 +1.11%
Volume: 2.23M
Aug. 12, 2020 4:00p
P/E Ratio
15.45
Dividend Yield
4.98%
Market Cap
$134.84 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.73
+0.02 +0.74%
Volume: 76.78M
Aug. 12, 2020 4:08p
P/E Ratio
22.69
Dividend Yield
5.81%
Market Cap
HK$860.51 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/205108732/composite
US : U.S.: NYSE
$ 35.62
+0.76 +2.18%
Volume: 63,065
Aug. 12, 2020 4:00p
P/E Ratio
9.82
Dividend Yield
3.90%
Market Cap
$111.03 billion
Rev. per Employee
$678,384
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 33.35
+0.40 +1.21%
Volume: 44.79M
Aug. 12, 2020 4:08p
P/E Ratio
16.94
Dividend Yield
2.97%
Market Cap
HK$266.54 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/200973447/delayed
HK : Hong Kong
HK$ 14.90
+0.44 +3.04%
Volume: 35.29M
Aug. 12, 2020 4:08p
P/E Ratio
15.30
Dividend Yield
3.02%
Market Cap
HK$75.15 billion
Rev. per Employee
HK$3.23M
loading...
/zigman2/quotes/210239025/composite
US : U.S.: OTC
$ 1.92
+0.02 +1.05%
Volume: 9,477
Aug. 12, 2020 3:59p
P/E Ratio
15.45
Dividend Yield
N/A
Market Cap
$9.70 billion
Rev. per Employee
$412,750
loading...
/zigman2/quotes/203735819/delayed
HK : Hong Kong
HK$ 10.46
+0.12 +1.16%
Volume: 9.38M
Aug. 12, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
0.79%
Market Cap
HK$39.29 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/207834661/composite
US : U.S.: OTC
$ 1.37
+0.12 +9.60%
Volume: 4,300
Aug. 11, 2020 9:48a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.07 billion
Rev. per Employee
$137,730
loading...
/zigman2/quotes/203488207/delayed
HK : Hong Kong
HK$ 9.90
-0.26 -2.56%
Volume: 67.36M
Aug. 12, 2020 4:08p
P/E Ratio
482.93
Dividend Yield
2.22%
Market Cap
HK$57.58 billion
Rev. per Employee
HK$861,663
loading...
/zigman2/quotes/205538449/composite
US : U.S.: OTC
$ 1.30
+0.07 +5.69%
Volume: 1.00
Aug. 12, 2020 5:19p
P/E Ratio
565.22
Dividend Yield
N/A
Market Cap
$7.43 billion
Rev. per Employee
$109,940
loading...
/zigman2/quotes/204357902/delayed
HK : Hong Kong
HK$ 0.51
-0.01 -1.92%
Volume: 15,450
Aug. 12, 2020 4:08p
P/E Ratio
4.85
Dividend Yield
N/A
Market Cap
HK$102.91 million
Rev. per Employee
HK$1.71M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 23.25
0.00 0.00%
Volume: 18.54M
Aug. 12, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
4.39%
Market Cap
HK$254.72 billion
Rev. per Employee
HK$30.79M
loading...
/zigman2/quotes/210412581/composite
US : U.S.: OTC
$ 2.97
-0.16 -5.11%
Volume: 1.00
Aug. 10, 2020 5:19p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$32.94 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/210448079/delayed
HK : Hong Kong
HK$ 10.14
+0.06 +0.60%
Volume: 1.29M
Aug. 12, 2020 4:08p
P/E Ratio
4.59
Dividend Yield
9.86%
Market Cap
HK$39.48 billion
Rev. per Employee
HK$3.79M
loading...
/zigman2/quotes/200754284/composite
US : U.S.: OTC
$ 55.63
+7.80 +16.31%
Volume: 1.00
Aug. 12, 2020 5:19p
P/E Ratio
3.95
Dividend Yield
11.34%
Market Cap
$4.55 billion
Rev. per Employee
$483,421
loading...
/zigman2/quotes/209121543/delayed
AU : Australia: Sydney
$ 21.26
+0.06 +0.28%
Volume: 6,951
Aug. 13, 2020 10:25a
loading...
/zigman2/quotes/201755982/composite
US : U.S.: Nasdaq
$ 15.17
+0.28 +1.85%
Volume: 3.88M
Aug. 12, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
1.32%
Market Cap
$8.77 billion
Rev. per Employee
$354,893
loading...

Sarah Turner is MarketWatch's bureau chief in Sydney. Varahabhotla Phani Kumar is a reporter in MarketWatch's Hong Kong bureau.

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