Bulletin
Investor Alert

New York Markets Close in:

Asia Markets Archives | Email alerts

Aug. 21, 2018, 6:52 a.m. EDT

Japan’s Nikkei drops as yen maintains dollar advantage

Indexes in China gain with lift from financials, while Australian stocks retreat

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    Toyota Motor Corp. (7203)
  • X
    SoftBank Group Corp. (9984)

or Cancel Already have a watchlist? Log In

By Dow Jones Newswire


Bloomberg News
The U.S. dollar has fallen in 10 of the past 15 sessions versus the yen through Tuesday.

Asian markets were mixed Tuesday, as Chinese stocks largely rose and Japanese stocks overcame early session weakness.

Japan‘s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.40%  closed less than 0.1% higher, continuing Monday’s yen-fueled stock underperformance as the dollar’s losing streak hit five days.

The latest drop came after U.S. President Donald Trump raised some concerns about the Fed’s rate-hike cycle. The dollar hit eight-week lows against the yen in Asian trading, falling to ¥109.84 versus ¥110.07 in late New York action and ¥110.60 when Tokyo stock trading ended Monday before improving to ¥110.26 later Tuesday. The U.S. dollar had fallen in 10 of the past 15 sessions versus the yen through Tuesday.

However, the Nikkei has been holding up rather well with just a 1.5% decline in August as of Tuesday’s close. Insurance and shipping shares lagged Tuesday, as did big names such as Toyota /zigman2/quotes/203803129/delayed JP:7203 -0.28%  , SoftBank /zigman2/quotes/207303954/delayed JP:9984 +4.52%   and Fujitsu /zigman2/quotes/208459594/delayed JP:6702 +1.16%  .

Chinese stocks traded mostly higher, with big caps outperforming most other indexes in the region. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.39%   was up 1.3%, after rebounding 1.1% Monday, while the small-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +2.70%   was up 1.3%. Financials again led the gains while energy lagged.

Hong Kong stocks gave up early gains, as Tencent /zigman2/quotes/204605823/delayed HK:700 +3.68%   took a breather following its days-long rebound, while insurers took the lead. The Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +0.31%   was up 0.4%. AIA /zigman2/quotes/203565558/delayed HK:1299 -0.39%   jumped a further 1.7% ahead of its first-half report, while Ping An /zigman2/quotes/210315058/delayed HK:2318 +0.45%   and China Life /zigman2/quotes/202359856/delayed HK:2628 +1.21%   were up some 1%. Meanwhile, smartphone-component makers AAC /zigman2/quotes/201441510/delayed HK:2018 +3.46%  shot more than 8.5% higher and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +2.36%  rebounded 8.8% following their recent swoons. CSPC Pharma /zigman2/quotes/200847219/delayed HK:1093 -0.79%   gained 9.8% to extend its post-earnings gain.

Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.42%   was up 0.9% after barely rising Monday, as Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.38%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.84%   posted solid gains, while Hyundai Motor /zigman2/quotes/206684590/delayed KR:005380 0.00%   tumbled 1.5%.

Australian stocks have been an Asia-Pacific outperformer the past few months, with the country’s benchmark hitting 10½-year highs at a time others in the region are down for 2018. But the ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.59%   was the noted laggard Tuesday with a 0.9% drop on broad declines. Materials led the way, coming after a muted earnings report from mining heavyweight BHP /zigman2/quotes/201448516/delayed AU:BHP +1.99%  . It fell 1.8% Tuesday. In New Zealand, the NZX 50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -2.28%   rose 0.1% after setting a record closing high the previous day.

Singapore’s benchmark index /zigman2/quotes/210597985/delayed SG:STI -0.63%   lagged, while Taiwan   and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.02%   gained.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,529.29
+90.64 +0.40%
Volume: 0.00
July 9, 2020 3:15p
loading...
/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 6,709.00
-19.00 -0.28%
Volume: 4.00M
July 9, 2020 3:00p
P/E Ratio
9.23
Dividend Yield
3.28%
Market Cap
¥18610.67 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,291.00
+272.00 +4.52%
Volume: 33.66M
July 9, 2020 3:00p
P/E Ratio
42.21
Dividend Yield
0.70%
Market Cap
¥12447.27 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 13,130.00
+150.00 +1.16%
Volume: 703,200
July 9, 2020 3:00p
P/E Ratio
16.60
Dividend Yield
1.37%
Market Cap
¥2599.21 billion
Rev. per Employee
¥28.38M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,450.59
+47.15 +1.39%
Volume: 62.00B
July 9, 2020 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,257.95
+59.33 +2.70%
Volume: 75.90B
July 9, 2020 3:00p
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 563.00
+20.00 +3.68%
Volume: 26.07M
July 9, 2020 4:08p
P/E Ratio
50.69
Dividend Yield
0.21%
Market Cap
HK$5143.52 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,210.16
+80.98 +0.31%
Volume: 2.45M
July 9, 2020 4:08p
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 76.50
-0.30 -0.39%
Volume: 24.78M
July 9, 2020 4:08p
P/E Ratio
17.72
Dividend Yield
1.65%
Market Cap
HK$925.53 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/210315058/delayed
HK : Hong Kong
HK$ 89.65
+0.40 +0.45%
Volume: 41.23M
July 9, 2020 4:08p
P/E Ratio
11.15
Dividend Yield
2.52%
Market Cap
HK$1683.21 billion
Rev. per Employee
HK$3.35M
loading...
/zigman2/quotes/202359856/delayed
HK : Hong Kong
HK$ 20.90
+0.25 +1.21%
Volume: 171.91M
July 9, 2020 4:08p
P/E Ratio
8.88
Dividend Yield
3.83%
Market Cap
HK$1097.00 billion
Rev. per Employee
HK$7.60M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 61.35
+2.05 +3.46%
Volume: 26.06M
July 9, 2020 4:08p
P/E Ratio
29.60
Dividend Yield
0.65%
Market Cap
HK$71.66 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 147.40
+3.40 +2.36%
Volume: 11.21M
July 9, 2020 4:08p
P/E Ratio
35.87
Dividend Yield
0.55%
Market Cap
HK$157.95 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/200847219/delayed
HK : Hong Kong
HK$ 15.08
-0.12 -0.79%
Volume: 58.43M
July 9, 2020 4:08p
P/E Ratio
26.75
Dividend Yield
1.11%
Market Cap
HK$113.57 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,167.90
+9.02 +0.42%
Volume: 619,368
July 9, 2020 3:32p
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
52,800.00
-200.00 -0.38%
Volume: 17.05M
July 9, 2020 3:30p
P/E Ratio
16.85
Dividend Yield
2.68%
Market Cap
₩354662.75 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
83,000.00
-700.00 -0.84%
Volume: 4.00M
July 9, 2020 3:30p
P/E Ratio
36.43
Dividend Yield
1.20%
Market Cap
₩57250.95 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
99,600.00
0.00 0.00%
Volume: 922,604
July 9, 2020 3:30p
P/E Ratio
10.00
Dividend Yield
3.01%
Market Cap
₩23345.64 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,955.50
+35.20 +0.59%
Volume: 678,402
July 9, 2020 5:17p
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 36.46
+0.71 +1.99%
Volume: 5.39M
July 9, 2020 4:10p
P/E Ratio
13.64
Dividend Yield
5.84%
Market Cap
$169.50 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,440.88
-266.39 -2.28%
Volume: 0.00
July 9, 2020 5:00p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,652.65
-16.84 -0.63%
Volume: 0.00
July 9, 2020 5:20p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,583.25
-0.25 -0.02%
Volume: 0.00
July 9, 2020 5:05p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.