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Nov. 20, 2018, 7:17 a.m. EST

Asian stocks drop as tech pullback, Nissan CEO’s arrest take toll

Auto, electronics sectors weigh on Nikkei; tech stocks sink Hang Seng

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By Dow Jones Newswires


AFP/Getty Images
Japan’s Nikkei stock index was down almost 1% Tuesday.

Asian stock markets fell Tuesday, following tech-led declines on Wall Street.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.39%   was down nearly 1.1%, with electronics and machinery stocks among the biggest decliners. Sony /zigman2/quotes/201361720/delayed JP:6758 -0.57%   was down 3% while Fanuc /zigman2/quotes/202054799/delayed JP:6954 -1.42%   and Hitachi /zigman2/quotes/203839937/delayed JP:6501 -0.26%   both dropped.

But Japan’s auto sector was the most watched following the arrest of Nissan CEO Carlos Ghosn on Monday. Alliance partners Nissan /zigman2/quotes/208298710/delayed JP:7201 -0.06%   and Mitsubishi /zigman2/quotes/202404490/delayed JP:7211 -0.25%   slid in early trading, with Nissan at almost 2½-year lows, ending down 5.5%. Rival Toyota /zigman2/quotes/203803129/delayed JP:7203 +1.10%   benefited, climbing 1.6%.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.11%   fell 2%, with Tencent /zigman2/quotes/204605823/delayed HK:700 -2.39%  down 3% and smartphone-component firms AAC /zigman2/quotes/201441510/delayed HK:2018 -1.40%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -1.98%   also falling. Xiaomi /zigman2/quotes/208140246/delayed HK:1810 -0.78%   jumped 8% after its third-quarter earnings report.

In mainland China, the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.31%   was down 2.1% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.12%   dropped 2.7%. Among large caps, real estate was off some 1% after Monday’s sharp bounce. Financials, which also were strong Monday, pulled back.

A report about another round of production cuts for iPhones weighed on Apple /zigman2/quotes/202934861/composite AAPL -1.03%   suppliers in Asia. Taiwan’s Taiex   fell 0.8% as product assembler Hon Hai /zigman2/quotes/207256514/delayed TW:2317 -1.33%   dropped 3.2% to hit fresh five-year lows and Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -0.15%   declined 1.8%. Korean memory-chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.96%   slid another 3.3% and Samsung Electronics /zigman2/quotes/209800866/delayed KR:005930 -1.33%  lost 2% as the Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.49%  dropped 0.8%.

Australia’s benchmark index /zigman2/quotes/210598100/delayed AU:XJO -0.33%   was down 0.3%, and New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.07%   and Singapore /zigman2/quotes/210597985/delayed SG:STI -0.12%   posted losses as well.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,386.74
-92.41 -0.39%
Volume: 0.00
Feb. 21, 2020 3:15p
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,479.00
-43.00 -0.57%
Volume: 4.20M
Feb. 21, 2020 3:00p
P/E Ratio
14.41
Dividend Yield
0.60%
Market Cap
¥9225.11 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 20,180.00
-290.00 -1.42%
Volume: 504,000
Feb. 21, 2020 3:00p
P/E Ratio
47.48
Dividend Yield
N/A
Market Cap
¥3928.21 billion
Rev. per Employee
¥95.87M
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 4,178.00
-11.00 -0.26%
Volume: 3.42M
Feb. 21, 2020 3:00p
P/E Ratio
20.72
Dividend Yield
2.15%
Market Cap
¥4047.57 billion
Rev. per Employee
¥30.84M
loading...
/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 504.10
-0.30 -0.06%
Volume: 15.83M
Feb. 21, 2020 3:00p
P/E Ratio
47.28
Dividend Yield
1.98%
Market Cap
¥1973.79 billion
Rev. per Employee
¥85.36M
loading...
/zigman2/quotes/202404490/delayed
JP : Japan: Tokyo
¥ 404.00
-1.00 -0.25%
Volume: 5.70M
Feb. 21, 2020 3:00p
P/E Ratio
11.59
Dividend Yield
4.95%
Market Cap
¥602.77 billion
Rev. per Employee
¥80.91M
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,837.00
+85.00 +1.10%
Volume: 5.15M
Feb. 21, 2020 3:00p
P/E Ratio
9.06
Dividend Yield
2.81%
Market Cap
¥21916.10 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,303.16
-306.00 -1.11%
Volume: 1.38M
Feb. 21, 2020 3:11p
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 400.20
-9.80 -2.39%
Volume: 11.98M
Feb. 21, 2020 3:11p
P/E Ratio
39.01
Dividend Yield
0.25%
Market Cap
HK$3885.42 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 56.35
-0.80 -1.40%
Volume: 3.46M
Feb. 21, 2020 3:11p
P/E Ratio
21.49
Dividend Yield
2.54%
Market Cap
HK$69.07 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 128.40
-2.60 -1.98%
Volume: 4.68M
Feb. 21, 2020 3:11p
P/E Ratio
44.65
Dividend Yield
0.52%
Market Cap
HK$143.69 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/208140246/delayed
HK : Hong Kong
HK$ 12.80
-0.10 -0.78%
Volume: 96.27M
Feb. 21, 2020 3:11p
P/E Ratio
24.76
Dividend Yield
N/A
Market Cap
HK$308.50 billion
Rev. per Employee
HK$14.28M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,039.67
+9.52 +0.31%
Volume: 36.46B
Feb. 21, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,907.35
+21.21 +1.12%
Volume: 60.04B
Feb. 21, 2020 3:00p
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 320.30
-3.32 -1.03%
Volume: 25.14M
Feb. 20, 2020 4:00p
P/E Ratio
25.30
Dividend Yield
0.96%
Market Cap
$1401.47 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/207256514/delayed
TW : Taiwan
NT$ 81.70
-1.10 -1.33%
Volume: 29.78M
Feb. 21, 2020 1:30p
P/E Ratio
8.81
Dividend Yield
4.90%
Market Cap
NT$1147.73 billion
Rev. per Employee
NT$8.60M
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 325.00
-0.50 -0.15%
Volume: 22.81M
Feb. 21, 2020 1:30p
P/E Ratio
24.41
Dividend Yield
2.92%
Market Cap
NT$8440.34 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
103,000
-1,000 -0.96%
Volume: 2.62M
Feb. 21, 2020 3:30p
P/E Ratio
34.82
Dividend Yield
0.97%
Market Cap
₩71136.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
59,200.00
-800.00 -1.33%
Volume: 13.28M
Feb. 21, 2020 3:30p
P/E Ratio
16.34
Dividend Yield
2.39%
Market Cap
₩407560.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,162.84
-32.66 -1.49%
Volume: 619,266
Feb. 21, 2020 3:33p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,139.00
-23.50 -0.33%
Volume: 1.07M
Feb. 21, 2020 5:17p
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,073.34
+8.48 +0.07%
Volume: 0.00
Feb. 21, 2020 5:01p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,194.85
-3.83 -0.12%
Volume: 0.00
Feb. 21, 2020 3:11p
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