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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 -1.53% /zigman2/quotes/208108397/composite BHP -1.24%  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 0.00%   /zigman2/quotes/205108732/composite PTR -1.35%  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 +1.23%  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 -0.88%   /zigman2/quotes/210239025/delayed WYNMF -3.32%  dropped 2.8%, while MGM China Holdings Ltd. /zigman2/quotes/203735819/delayed HK:2282 -0.65%   /zigman2/quotes/207834661/delayed MCHVF -3.40% dropped 4.8% and SJM Holdings Ltd. /zigman2/quotes/203488207/delayed HK:880 +0.33%   /zigman2/quotes/205538449/delayed SJMHF 0.00%  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 0.00%  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 -0.74% /zigman2/quotes/210412581/delayed CAOVF -6.66% rising 2.4% and Agile Property Holdings Ltd. /zigman2/quotes/210448079/delayed HK:3383 0.00%   /zigman2/quotes/200754284/delayed AGPYY +24.79%  rising 1.2%.

Other gainers included News Corp. /zigman2/quotes/209121543/delayed AU:NWS -0.23%   /zigman2/quotes/201755982/composite NWSA -0.80% , 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
$ 40.45
-0.63 -1.53%
Volume: 6.53M
Jan. 24, 2020 4:10p
P/E Ratio
17.03
Dividend Yield
4.74%
Market Cap
$207.73 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 55.64
-0.70 -1.24%
Volume: 4.82M
Jan. 23, 2020 6:30p
P/E Ratio
16.38
Dividend Yield
4.78%
Market Cap
$81.92 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 3.73
0.00 0.00%
Volume: 36.48M
Jan. 24, 2020 12:08p
P/E Ratio
14.31
Dividend Yield
4.23%
Market Cap
HK$682.67 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/205108732/composite
US : U.S.: NYSE
$ 48.12
-0.66 -1.35%
Volume: 95,499
Jan. 23, 2020 6:30p
P/E Ratio
11.12
Dividend Yield
3.51%
Market Cap
$10.15 billion
Rev. per Employee
$678,384
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 41.30
+0.50 +1.23%
Volume: 9.50M
Jan. 24, 2020 12:08p
P/E Ratio
21.70
Dividend Yield
4.82%
Market Cap
HK$330.01 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/200973447/delayed
HK : Hong Kong
HK$ 18.00
-0.16 -0.88%
Volume: 13.13M
Jan. 24, 2020 12:08p
P/E Ratio
15.50
Dividend Yield
5.00%
Market Cap
HK$94.37 billion
Rev. per Employee
HK$3.23M
loading...
/zigman2/quotes/210239025/delayed
US : U.S.: OTC
$ 2.30
-0.08 -3.32%
Volume: 16,500
Jan. 23, 2020 3:12p
P/E Ratio
15.53
Dividend Yield
N/A
Market Cap
$11.95 billion
Rev. per Employee
$412,750
loading...
/zigman2/quotes/203735819/delayed
HK : Hong Kong
HK$ 12.30
-0.08 -0.65%
Volume: 11.93M
Jan. 24, 2020 12:08p
P/E Ratio
33.74
Dividend Yield
1.04%
Market Cap
HK$47.04 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/207834661/delayed
US : U.S.: OTC
$ 1.59
-0.06 -3.40%
Volume: 6,364
Jan. 23, 2020 3:31p
P/E Ratio
34.19
Dividend Yield
N/A
Market Cap
$6.04 billion
Rev. per Employee
$137,730
loading...
/zigman2/quotes/203488207/delayed
HK : Hong Kong
HK$ 9.18
+0.03 +0.33%
Volume: 9.48M
Jan. 24, 2020 12:08p
P/E Ratio
17.16
Dividend Yield
3.16%
Market Cap
HK$51.83 billion
Rev. per Employee
HK$861,663
loading...
/zigman2/quotes/205538449/delayed
US : U.S.: OTC
$ 1.22
0.00 0.00%
Volume: 368.00
Jan. 23, 2020 10:13a
P/E Ratio
17.89
Dividend Yield
N/A
Market Cap
$6.91 billion
Rev. per Employee
$109,940
loading...
/zigman2/quotes/204357902/delayed
HK : Hong Kong
HK$ 0.82
0.00 0.00%
Volume: 9,400
Jan. 24, 2020 12:08p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
HK$223.62 million
Rev. per Employee
HK$1.71M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 26.95
-0.20 -0.74%
Volume: 12.35M
Jan. 24, 2020 12:08p
P/E Ratio
6.33
Dividend Yield
3.53%
Market Cap
HK$297.46 billion
Rev. per Employee
HK$30.79M
loading...
/zigman2/quotes/210412581/delayed
US : U.S.: OTC
$ 3.58
-0.26 -6.66%
Volume: 3,850
Jan. 21, 2020 12:10p
P/E Ratio
6.59
Dividend Yield
N/A
Market Cap
$37.85 billion
Rev. per Employee
$3.93M
loading...
/zigman2/quotes/210448079/delayed
HK : Hong Kong
HK$ 11.14
0.00 0.00%
Volume: 2.43M
Jan. 24, 2020 12:08p
P/E Ratio
4.47
Dividend Yield
9.87%
Market Cap
HK$43.64 billion
Rev. per Employee
HK$3.79M
loading...
/zigman2/quotes/200754284/delayed
US : U.S.: OTC
$ 78.48
+15.59 +24.79%
Volume: 20.00
Jan. 23, 2020 5:20p
P/E Ratio
4.94
Dividend Yield
8.81%
Market Cap
$5.61 billion
Rev. per Employee
$483,421
loading...
/zigman2/quotes/209121543/delayed
AU : Australia: Sydney
$ 21.54
-0.05 -0.23%
Volume: 131,365
Jan. 24, 2020 4:10p
loading...
/zigman2/quotes/201755982/composite
US : U.S.: Nasdaq
$ 14.35
-0.12 -0.80%
Volume: 1.47M
Jan. 23, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
1.39%
Market Cap
$8.44 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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