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Dec. 18, 2019, 11:07 p.m. EST

Asian stocks slip as Bank of Japan keeps rates unchanged

Nikkei edges down, along with Hang Seng

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By Marketwatch and Associated Press


AFP/Getty Images
A cyclist rides past the headquarters of the Bank of Japan in Tokyo.

Asian markets dipped in early trading Thursday after the Bank of Japan kept its monetary policy unchanged.

The BOJ voted 7-2 to keep short-term interest rates at minus-0.1% and long-term rates at around 0%. The bank downgraded its view on industrial production but said it sees overseas risks as significant, a change from October’s statement that they were increasing.

“Japan’s economy is likely to continue on a moderate expanding trend, as the impact of the slowdown in overseas economies on domestic demand is expected to be limited, although the economy is likely to continue to be affected by the slowdown for the time being,” the central bank said in a statement.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.40%   retreated 0.3% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.31%   fell 0.6%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.39%   slipped 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +2.70%   inched down 0.1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.42%   was about flat, and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.18%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.63%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.46%   declined, though Malaysian stocks /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.02%   rallied. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.59%   pulled back slightly.

Among individual stocks, SoftBank /zigman2/quotes/207303954/delayed JP:9984 +4.52%   rose in Tokyo trading, while Isuzu Motors /zigman2/quotes/202637468/delayed JP:7202 -0.81%   and Nissan Motor /zigman2/quotes/208298710/delayed JP:7201 -1.97%   fell. In Hong Kong, tech companies AAC /zigman2/quotes/201441510/delayed HK:2018 +3.46%   and Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +2.36%   declined, along with developer Country Garden /zigman2/quotes/201681083/delayed HK:2007 -0.18%  . Chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.84%   surged in South Korea following encouraging earnings news by rival Micron /zigman2/quotes/205710729/composite MU +1.26%  . Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +1.17%   fell in Taiwan, while Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +0.69%   and National Australia Bank /zigman2/quotes/210431826/delayed AU:NAB +0.44%   sank in Australia.

Following a listless day on Wall Street, investors looked ahead to other interest rate decisions by central banks in Indonesia, Taiwan and Sweden.

Australia reported stronger-than-expected November jobs numbers. The Australian government reported employers added 39,900 jobs following a revised loss of 24,800 in October. Annual growth held steady at 2% over a year earlier.

Meanwhile, the U.S. House of Representatives voted to impeach President Donald Trump, sending his case to the Senate for trial. Republicans who control that house say they plan to acquit him.

Trump is accused of abusing his office by pressing the government of Ukraine to investigate a potential political rival ahead of next year’s presidential election. He also is accused of obstructing efforts by Congress to investigate those allegations.

The outcome will be “greater polarization, and a rapid Senate dismissal of the charges made in the House, and then even greater polarization,” said Rabobank in a report.

On Wall Street, the benchmark S&P 500 index and the Dow Jones Industrial Average finished with small losses that left them just below all-time highs.

The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.78%  fell 1.38 points, or less than 0.1%, to 3,191.14. The Dow /zigman2/quotes/210598065/realtime DJIA +0.68%   dropped 27.88 points, or 0.1%, to 28,239.28. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +1.44%   rose 4.38 points, or 0.1%, to a record 8,827.73.

Losses in banks, industrial stocks, household goods makers and technology companies helped pull the market lower. They offset gains in real estate, communication services, health care and elsewhere in the market.

Benchmark U.S. crude   lost 5 cents to $60.80 per barrel in electronic trading on the New York Mercantile Exchange. The contract declined 2 cents on Wednesday to close at $60.85. Brent crude  , used to price international oils, shed 1 cent to $66.16 per barrel in London. It added 7 cents the previous session to $66.17.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0830%   held steady at 109.57 yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,529.29
+90.64 +0.40%
Volume: 0.00
July 9, 2020 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,210.16
+80.98 +0.31%
Volume: 2.45M
July 9, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,450.59
+47.15 +1.39%
Volume: 62.00B
July 9, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,257.95
+59.33 +2.70%
Volume: 75.90B
July 9, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,167.90
+9.02 +0.42%
Volume: 619,368
July 9, 2020 3:32p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,192.69
+22.50 +0.18%
Volume: 0.00
July 9, 2020 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,652.65
-16.84 -0.63%
Volume: 0.00
July 9, 2020 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,052.79
-23.38 -0.46%
Volume: 0.00
July 9, 2020 3:00p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,583.25
-0.25 -0.02%
Volume: 0.00
July 9, 2020 5:05p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,955.50
+35.20 +0.59%
Volume: 681,269
July 9, 2020 5:17p
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/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
¥12800.89 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/202637468/delayed
JP : Japan: Tokyo
¥ 942.00
-7.70 -0.81%
Volume: 2.41M
July 9, 2020 3:00p
P/E Ratio
8.55
Dividend Yield
4.03%
Market Cap
¥705.90 billion
Rev. per Employee
¥61.23M
loading...
/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 383.50
-7.70 -1.97%
Volume: 19.23M
July 9, 2020 3:00p
P/E Ratio
N/A
Dividend Yield
2.61%
Market Cap
¥1560.07 billion
Rev. per Employee
¥85.36M
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$68.70 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$153.34 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.86
-0.02 -0.18%
Volume: 50.00M
July 9, 2020 4:08p
P/E Ratio
5.36
Dividend Yield
5.76%
Market Cap
HK$237.38 billion
Rev. per Employee
HK$3.60M
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
₩58003.36 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 49.71
+0.62 +1.26%
Volume: 15.31M
July 8, 2020 4:00p
P/E Ratio
24.95
Dividend Yield
N/A
Market Cap
$54.54 billion
Rev. per Employee
$832,917
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 345.00
+4.00 +1.17%
Volume: 35.52M
July 9, 2020 1:30p
P/E Ratio
22.32
Dividend Yield
2.90%
Market Cap
NT$8777.43 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.45
+0.01 +0.69%
Volume: 14.35M
July 9, 2020 4:10p
P/E Ratio
5.78
Dividend Yield
1.38%
Market Cap
$3.38 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210431826/delayed
AU : Australia: Sydney
$ 18.06
+0.08 +0.44%
Volume: 7.86M
July 9, 2020 4:10p
P/E Ratio
15.78
Dividend Yield
6.26%
Market Cap
$60.23 billion
Rev. per Employee
$1.00M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,169.94
+24.62 +0.78%
Volume: 2.39B
July 8, 2020 4:58p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,067.28
+177.10 +0.68%
Volume: 337.30M
July 8, 2020 4:58p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,492.50
+148.61 +1.44%
Volume: 3.67M
July 8, 2020 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.3470
+0.0890 +0.0830%
Volume: 0.0000
July 9, 2020 6:34a
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