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May 23, 2014, 6:35 a.m. EDT

Asian stocks mostly up; Thai markets fall after coup

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By Laura He, MarketWatch

HONG KONG (MarketWatch) — Asian stocks were mostly higher on Friday, following a positive U.S. lead, while Thai markets fell after the country’s military took control in a coup.

Japanese stocks led the gains, with the Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK -0.39%   ending up 0.9% and the Topix index /zigman2/quotes/210598092/delayed JP:180460 -0.03%  closing 1% higher. The yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0206% remained flat, trading at ¥101.812 from ¥101.793 in the previous session.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.33%  edged up 0.2% at the close. The Australian dollar /zigman2/quotes/210560947/realtime/sampled AUDUSD +0.0151%  slightly rose to 92.32 U.S. cents, from 92.24 U.S. cents on Thursday.

Hong Kong stocks closed positive after a choppy session, with the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.09%  up 0.1% for its fourth straight day of gains. The Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.31% also advanced 0.7%. Chinese property stocks rallied in both Shanghai and Hong Kong, after state media said the government might loosen restrictions on home purchases in all but the largest Chinese cities.


Reuters
Soldiers block the access to the Army Club where Thailand's army chief held a meeting with all rival factions during a coup in central Bangkok May 22, 2014.

However, Thailand’s stock markets had a volatile day after the country’s army seized control of the government in a coup it said was aimed at restoring stability after six months of political turmoil. The benchmark SET index /zigman2/quotes/210598047/delayed TH:SET +0.26% trimmed earlier losses in the afternoon session, still 1% lower at this point.

The Thai baht /zigman2/quotes/210561889/realtime/sampled USDTHB -0.0633%  initially dropped against the dollar, touching an intraday low of 32.46 baht, less than Thursday’s level of 32.56 baht. The currency then recovered to 32.59 baht.

Among market movers, Japanese semiconductor maker Renesas Electronics /zigman2/quotes/203872935/delayed JP:6723 -0.90%  jumped 4.4%, banking giant Mitsubishi UFJ Financial Group /zigman2/quotes/207520099/delayed JP:8306 +0.62% rose 2.3%, optical equipment manufacturer Olympus Corp. /zigman2/quotes/200860615/delayed JP:7733 -1.61%  gained 1.9%, and electronics maker Fujitsu /zigman2/quotes/208459594/delayed JP:6702 -1.15%  added 1.4%.

In Hong Kong, property developers were among the biggest winners, with Sunac China Holdings /zigman2/quotes/206127839/delayed HK:1918 -3.03%  rising 8.2%, Greentown China Holdings /zigman2/quotes/210429626/delayed HK:3900 -1.00% up 6.6%, China Overseas Land & Investment /zigman2/quotes/205731176/delayed HK:688 -2.34% gaining 5.5%, and Country Garden Holdings /zigman2/quotes/201681083/delayed HK:2007 -1.31% up 4.9%.

In Shanghai, top gainers in the property sector included Wolong Real Estate Group /zigman2/quotes/202636045/delayed CN:600173 +2.36% , adding 10.1%, and Poly Real Estate Group /zigman2/quotes/201864015/delayed CN:600048 -1.98% , up 4.3%.

More news from MarketWatch:

Thailand’s military coup poses risks

Asia Stocks blog: Everybody’s working for the weekend

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,386.74
-92.41 -0.39%
Volume: 0.00
Feb. 21, 2020 3:15p
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,674.00
-0.48 -0.03%
Volume: 0.00
Feb. 21, 2020 3:00p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
111.5800
+0.0230 +0.0206%
Volume: 0.0000
Feb. 21, 2020 4:59p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,139.00
-23.50 -0.33%
Volume: 1.07M
Feb. 21, 2020 5:17p
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/zigman2/quotes/210560947/realtime/sampled
US : Tullett Prebon
0.6628
+0.0001 +0.0151%
Volume: 0.0000
Feb. 21, 2020 4:59p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,308.81
-300.35 -1.09%
Volume: 1.77M
Feb. 21, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,039.67
+9.52 +0.31%
Volume: 36.46B
Feb. 21, 2020 3:01p
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/zigman2/quotes/210598047/delayed
TH : Thailand Stock Exchange
1,495.09
+3.85 +0.26%
Volume: 2.86B
Feb. 21, 2020 5:07p
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/zigman2/quotes/210561889/realtime/sampled
US : Tullett Prebon
31.5600
-0.0200 -0.0633%
Volume: 0.0000
Feb. 21, 2020 4:59p
loading...
/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 772.00
-7.00 -0.90%
Volume: 5.16M
Feb. 21, 2020 3:00p
P/E Ratio
604.92
Dividend Yield
N/A
Market Cap
¥1320.35 billion
Rev. per Employee
¥36.92M
loading...
/zigman2/quotes/207520099/delayed
JP : Japan: Tokyo
¥ 566.30
+3.50 +0.62%
Volume: 39.99M
Feb. 21, 2020 3:00p
P/E Ratio
12.55
Dividend Yield
4.41%
Market Cap
¥7223.07 billion
Rev. per Employee
¥50.52M
loading...
/zigman2/quotes/200860615/delayed
JP : Japan: Tokyo
¥ 2,076.00
-34.00 -1.61%
Volume: 5.66M
Feb. 21, 2020 3:00p
P/E Ratio
44.80
Dividend Yield
0.48%
Market Cap
¥2668.85 billion
Rev. per Employee
¥22.14M
loading...
/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 12,485.00
-145.00 -1.15%
Volume: 800,200
Feb. 21, 2020 3:00p
P/E Ratio
16.57
Dividend Yield
1.44%
Market Cap
¥2530.49 billion
Rev. per Employee
¥28.38M
loading...
/zigman2/quotes/206127839/delayed
HK : Hong Kong
HK$ 41.65
-1.30 -3.03%
Volume: 30.59M
Feb. 21, 2020 4:08p
P/E Ratio
7.79
Dividend Yield
2.26%
Market Cap
HK$193.48 billion
Rev. per Employee
HK$6.26M
loading...
/zigman2/quotes/210429626/delayed
HK : Hong Kong
HK$ 9.94
-0.10 -1.00%
Volume: 4.50M
Feb. 21, 2020 4:08p
P/E Ratio
N/A
Dividend Yield
2.56%
Market Cap
HK$21.51 billion
Rev. per Employee
HK$13.17M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 27.10
-0.65 -2.34%
Volume: 19.31M
Feb. 21, 2020 4:08p
P/E Ratio
6.37
Dividend Yield
3.51%
Market Cap
HK$296.91 billion
Rev. per Employee
HK$30.79M
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.58
-0.14 -1.31%
Volume: 18.22M
Feb. 21, 2020 4:08p
P/E Ratio
5.39
Dividend Yield
5.65%
Market Cap
HK$228.12 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/202636045/delayed
CN : China: Shanghai
¥ 4.77
+0.11 +2.36%
Volume: 8.28M
Feb. 21, 2020 3:00p
P/E Ratio
5.65
Dividend Yield
2.10%
Market Cap
¥3.34 billion
Rev. per Employee
¥4.82M
loading...
/zigman2/quotes/201864015/delayed
CN : China: Shanghai
¥ 15.33
-0.31 -1.98%
Volume: 84.40M
Feb. 21, 2020 3:00p
P/E Ratio
8.24
Dividend Yield
3.26%
Market Cap
¥182.93 billion
Rev. per Employee
¥3.42M
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Laura He is a MarketWatch reporter based in Hong Kong.

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