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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 -0.35%   advanced 0.3% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.49%   rose 1.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.40%   gained 0.7% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.70%   surged 1.3%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.14%   gained 0.4%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.04%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.39%   advanced. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.24%   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 -1.28%   gained in Tokyo trading, along with Honda /zigman2/quotes/200490352/delayed JP:7267 -0.18%   and Sony /zigman2/quotes/201361720/delayed JP:6758 -0.77%  . In Hong Kong, Geely Automobile /zigman2/quotes/200716015/delayed HK:175 -3.00%  surged, while AIA Group /zigman2/quotes/203565558/delayed HK:1299 -0.53%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -3.22%   posted strong gains. Kia Motors /zigman2/quotes/206019389/delayed KR:000270 -0.76%   sank in South Korea, while BHP /zigman2/quotes/201448516/delayed AU:BHP -0.79%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -0.77%   rose in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,283.03
-100.06 -0.35%
Volume: 0.00
Nov. 25, 2022 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
17,573.58
-87.32 -0.49%
Volume: 3.18M
Nov. 25, 2022 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,101.69
+12.38 +0.40%
Volume: 31.14B
Nov. 25, 2022 3:00p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,984.18
-13.96 -0.70%
Volume: 36.90B
Nov. 25, 2022 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,437.86
-3.47 -0.14%
Volume: 438,394
Nov. 25, 2022 3:30p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
14,778.51
-5.49 -0.04%
Volume: 0.00
Nov. 25, 2022 1:33p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
7,053.15
-27.37 -0.39%
Volume: 0.00
Nov. 25, 2022 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,259.50
+17.70 +0.24%
Volume: 552,057
Nov. 25, 2022 4:55p
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/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 20,480.00
-265.00 -1.28%
Volume: 491,100
Nov. 25, 2022 3:00p
P/E Ratio
24.40
Dividend Yield
2.46%
Market Cap
¥3928.55 billion
Rev. per Employee
¥91.95M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,372.00
-6.00 -0.18%
Volume: 1.81M
Nov. 25, 2022 3:00p
P/E Ratio
8.79
Dividend Yield
3.56%
Market Cap
¥5808.39 billion
Rev. per Employee
¥76.70M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 11,600.00
-90.00 -0.77%
Volume: 1.85M
Nov. 25, 2022 3:00p
P/E Ratio
15.40
Dividend Yield
0.60%
Market Cap
¥14387.33 billion
Rev. per Employee
¥95.12M
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/zigman2/quotes/200716015/delayed
HK : Hong Kong
$ 9.69
-0.30 -3.00%
Volume: 49.67M
Nov. 25, 2022 4:08p
P/E Ratio
20.62
Dividend Yield
2.17%
Market Cap
$97.45 billion
Rev. per Employee
$3.15M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
$ 74.55
-0.40 -0.53%
Volume: 14.10M
Nov. 25, 2022 4:08p
P/E Ratio
32.10
Dividend Yield
1.99%
Market Cap
$879.19 billion
Rev. per Employee
N/A
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 87.10
-2.90 -3.22%
Volume: 3.34M
Nov. 25, 2022 4:08p
P/E Ratio
21.55
Dividend Yield
1.28%
Market Cap
$95.32 billion
Rev. per Employee
$1.70M
loading...
/zigman2/quotes/206019389/delayed
KR : S. Korea: KRX
65,400.00
-500.00 -0.76%
Volume: 738,533
Nov. 25, 2022 3:30p
P/E Ratio
5.68
Dividend Yield
4.59%
Market Cap
₩26220.91 billion
Rev. per Employee
₩2.27B
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 44.20
-0.35 -0.79%
Volume: 5.60M
Nov. 25, 2022 4:11p
P/E Ratio
7.14
Dividend Yield
10.48%
Market Cap
$223.87 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 105.65
-0.82 -0.77%
Volume: 898,197
Nov. 25, 2022 4:11p
P/E Ratio
7.05
Dividend Yield
9.91%
Market Cap
$159.56 billion
Rev. per Employee
$1.68M
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