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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 +1.91%   advanced 0.3% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.34%   rose 1.2%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.22%   gained 0.7% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.21%   surged 1.3%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.36%   gained 0.4%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.64%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +1.87%   advanced. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.51%   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 +3.44%   gained in Tokyo trading, along with Honda /zigman2/quotes/200490352/delayed JP:7267 +2.60%   and Sony /zigman2/quotes/201361720/delayed JP:6758 +1.59%  . In Hong Kong, Geely Automobile /zigman2/quotes/200716015/delayed HK:175 -1.79%  surged, while AIA Group /zigman2/quotes/203565558/delayed HK:1299 -0.62%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -2.94%   posted strong gains. Kia Motors /zigman2/quotes/206019389/delayed KR:000270 -0.94%   sank in South Korea, while BHP /zigman2/quotes/201448516/delayed AU:BHP +2.21%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +2.39%   rose in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,827.45
+408.22 +1.91%
Volume: 0.00
May 28, 2020 2:43p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,989.27
-312.09 -1.34%
Volume: 1.33M
May 28, 2020 1:48p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,830.47
-6.33 -0.22%
Volume: 15.74B
May 28, 2020 1:48p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,752.81
-21.41 -1.21%
Volume: 22.52B
May 28, 2020 1:48p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,023.88
-7.32 -0.36%
Volume: 1.02M
May 28, 2020 2:43p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
10,944.19
-70.47 -0.64%
Volume: 0.00
May 28, 2020 1:33p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,728.48
+86.92 +1.87%
Volume: 0.00
May 28, 2020 11:30a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,862.30
+87.30 +1.51%
Volume: 992,190
May 28, 2020 3:43p
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/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 19,680.00
+655.00 +3.44%
Volume: 955,900
May 28, 2020 2:43p
P/E Ratio
51.55
Dividend Yield
N/A
Market Cap
¥3549.74 billion
Rev. per Employee
¥95.87M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,884.50
+73.00 +2.60%
Volume: 7.24M
May 28, 2020 2:43p
P/E Ratio
11.14
Dividend Yield
3.88%
Market Cap
¥4736.96 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,857.00
+107.00 +1.59%
Volume: 7.22M
May 28, 2020 2:43p
P/E Ratio
14.88
Dividend Yield
0.66%
Market Cap
¥8220.23 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 11.64
-0.21 -1.79%
Volume: 25.87M
May 28, 2020 1:48p
P/E Ratio
11.50
Dividend Yield
2.15%
Market Cap
HK$112.58 billion
Rev. per Employee
HK$3.04M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 64.10
-0.40 -0.62%
Volume: 32.91M
May 28, 2020 1:48p
P/E Ratio
14.85
Dividend Yield
1.98%
Market Cap
HK$780.26 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 102.20
-3.10 -2.94%
Volume: 4.75M
May 28, 2020 1:48p
P/E Ratio
24.87
Dividend Yield
0.79%
Market Cap
HK$118.24 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/206019389/delayed
KR : S. Korea: KRX
31,650.00
-300.00 -0.94%
Volume: 1.92M
May 28, 2020 2:43p
P/E Ratio
8.79
Dividend Yield
3.63%
Market Cap
₩12629.30 billion
Rev. per Employee
N/A
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 35.22
+0.76 +2.21%
Volume: 4.88M
May 28, 2020 3:43p
P/E Ratio
13.18
Dividend Yield
6.05%
Market Cap
$179.51 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 93.71
+2.19 +2.39%
Volume: 1.25M
May 28, 2020 3:43p
P/E Ratio
13.36
Dividend Yield
7.01%
Market Cap
$151.59 billion
Rev. per Employee
$1.14M
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