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Oct. 27, 2019, 11:29 p.m. EDT

Asian stocks rise ahead of a busy week for markets

Stocks in Hong Kong, mainland China gain on trade-deal hopes

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By Marketwatch and Associated Press


Bloomberg News
Buildings in the Lujiazui Financial District along the Pudong River in Shanghai, China.

Asian markets kicked off a busy week by gaining in early trading Monday, after comments Friday that the U.S. and China were close to reaching a “phase one” trade deal.

The U.S. Trade Representative’s office said that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin spoke with Chinese Vice Premier Liu He on Friday and will speak again soon, and that the two sides are close to finalizing parts of a deal.

U.S. officials have said they hope to sign a deal in mid-November. China is reportedly seeking a pause in new tariffs; the next round of U.S. tariff hikes against Chinese goods is set to take effect Dec. 15.

“It’s been a tranquil start to a potentially eventful week,” Stephen Innes, Asia-Pacific market strategist for AxiTrader, wrote in a note, pointing out that the coming week includes potentially market-moving events such as meetings by the U.S. Federal Reserve and the Bank of Japan, Brexit developments, and the busiest week of Wall Street’s earnings season.

“Behind [recent] doom and gloom, however, short-term investors are smelling a reversal in risk sentiment as even a mini U.S.-China trade deal together with the removal of the no-deal Brexit risk could trigger a decisive turn in sentiment,” he wrote.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.39%   advanced 0.3% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.09%   rose 1.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.31%   gained 0.7% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.12%   surged 1.3%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.49%   gained 0.4%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.33%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -1.01%   advanced. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.33%   edged up 0.2%. Markets in Indonesia, Malaysia and New Zealand were closed for holidays.

Among individual stocks, robotics maker Fanuc /zigman2/quotes/202054799/delayed JP:6954 -1.42%   gained in Tokyo trading, along with Honda /zigman2/quotes/200490352/delayed JP:7267 -0.07%   and Sony /zigman2/quotes/201361720/delayed JP:6758 -0.57%  . In Hong Kong, Geely Automobile /zigman2/quotes/200716015/delayed HK:175 0.00%  surged, while AIA Group /zigman2/quotes/203565558/delayed HK:1299 -0.69%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -1.60%   posted strong gains. Kia Motors /zigman2/quotes/206019389/delayed KR:000270 -1.23%   sank in South Korea, while BHP /zigman2/quotes/201448516/delayed AU:BHP -0.78%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -0.46%   rose in Australia.

/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/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/210598015/delayed
CN : Shenhzen Stock Exchange
1,907.35
+21.21 +1.12%
Volume: 60.04B
Feb. 21, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,162.84
-32.66 -1.49%
Volume: 635,474
Feb. 21, 2020 3:33p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,686.35
-38.74 -0.33%
Volume: 0.00
Feb. 21, 2020 1:33p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,882.26
-60.23 -1.01%
Volume: 0.00
Feb. 21, 2020 4:00p
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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/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
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,039.00
-2.00 -0.07%
Volume: 5.39M
Feb. 21, 2020 3:00p
P/E Ratio
11.31
Dividend Yield
3.69%
Market Cap
¥5312.36 billion
Rev. per Employee
¥73.06M
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/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
¥9225.64 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 15.10
0.00 0.00%
Volume: 49.09M
Feb. 21, 2020 4:08p
P/E Ratio
12.17
Dividend Yield
2.32%
Market Cap
HK$138.98 billion
Rev. per Employee
HK$3.04M
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/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 79.10
-0.55 -0.69%
Volume: 18.34M
Feb. 21, 2020 4:08p
P/E Ratio
25.20
Dividend Yield
1.49%
Market Cap
HK$959.59 billion
Rev. per Employee
HK$12.98M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 128.90
-2.10 -1.60%
Volume: 6.38M
Feb. 21, 2020 4:08p
P/E Ratio
44.83
Dividend Yield
0.51%
Market Cap
HK$143.69 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/206019389/delayed
KR : S. Korea: KRX
40,050.00
-500.00 -1.23%
Volume: 971,041
Feb. 21, 2020 3:30p
P/E Ratio
10.20
Dividend Yield
2.87%
Market Cap
₩16257.70 billion
Rev. per Employee
N/A
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 38.22
-0.30 -0.78%
Volume: 4.79M
Feb. 21, 2020 4:10p
P/E Ratio
14.30
Dividend Yield
5.67%
Market Cap
$194.79 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 97.69
-0.45 -0.46%
Volume: 914,264
Feb. 21, 2020 4:10p
P/E Ratio
8.90
Dividend Yield
9.18%
Market Cap
$159.35 billion
Rev. per Employee
$1.14M
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