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May 30, 2018, 6:45 a.m. EDT

Asian stocks tumble amid global selloff

Nikkei skids as yen strengthens

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By Dow Jones Newswire


AFP/Getty Images
Stocks across Asia took a dive Wednesday.

Asian stocks fell Wednesday taking their cues from Tuesday declines in Europe and the U.S. on fears that Italy could go months more without a government or eventually succeed in dropping the euro.

Japan’s stocks bore the brunt in Asia. The Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.47%   skidded 1.5%, hit by a strengthened yen and the overnight surge in Treasurys prices, with policy-sensitive two-year /zigman2/quotes/211347045/realtime BX:TMUBMUSD02Y +2.68%  after the holiday weekend logging their biggest one-day drop since 2009. Life insurers were down sharply, with Dai-ichi Life Holdings /zigman2/quotes/208507587/delayed JP:8750 +2.46%   and T&D Holdings /zigman2/quotes/208425761/delayed JP:8795 +2.48%   each falling more than 3%.

Export-reliant companies were also seeing strong stock drops as the safe-haven yen continued to rebound. Honda /zigman2/quotes/200490352/delayed JP:7267 +1.16%  , Sony /zigman2/quotes/201361720/delayed JP:6758 -0.88%   and Panasonic /zigman2/quotes/201785256/delayed JP:6752 +2.04%   were all sharply down.

Declines were spread across Asian markets. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.05%   dropped around 2%, as did stocks in Shanghai /zigman2/quotes/210598127/delayed CN:SHCOMP -1.99%  , down 2.5%, and Singapore /zigman2/quotes/210597985/delayed SG:STI -0.25%  , dropping 2.1%, while Hong Kong stocks /zigman2/quotes/210598030/delayed HK:HSI -0.19%   were down 1.4%. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.35%   only slipped 0.5%, while New Zealand’s NZX 50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -1.56%   was slightly higher.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,857.77
+107.53 +0.47%
Volume: 0.00
Aug. 12, 2020 1:17p
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/zigman2/quotes/211347045/realtime
add Add to watchlist BX:TMUBMUSD02Y
BX : Tullett Prebon
0.16
+0.0041 +2.68%
Volume: 0.00
Aug. 12, 2020 12:33a
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/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 1,436.50
+34.50 +2.46%
Volume: 3.27M
Aug. 12, 2020 1:17p
P/E Ratio
51.94
Dividend Yield
4.32%
Market Cap
¥1479.48 billion
Rev. per Employee
¥103.65M
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/zigman2/quotes/208425761/delayed
JP : Japan: Tokyo
¥ 1,032.00
+25.00 +2.48%
Volume: 1.79M
Aug. 12, 2020 1:17p
P/E Ratio
5.22
Dividend Yield
4.26%
Market Cap
¥553.41 billion
Rev. per Employee
¥153.74M
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/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,742.00
+31.50 +1.16%
Volume: 2.57M
Aug. 12, 2020 1:17p
P/E Ratio
24.00
Dividend Yield
1.60%
Market Cap
¥4399.49 billion
Rev. per Employee
¥73.06M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 8,462.00
-75.00 -0.88%
Volume: 2.80M
Aug. 12, 2020 1:17p
P/E Ratio
16.01
Dividend Yield
0.59%
Market Cap
¥10412.69 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 953.20
+19.10 +2.04%
Volume: 3.65M
Aug. 12, 2020 1:17p
P/E Ratio
13.40
Dividend Yield
3.15%
Market Cap
¥2079.38 billion
Rev. per Employee
¥29.74M
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,417.57
-1.10 -0.05%
Volume: 534,682
Aug. 12, 2020 1:17p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,273.75
-66.54 -1.99%
Volume: 24.60B
Aug. 12, 2020 12:22p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,537.71
-6.44 -0.25%
Volume: 0.00
Aug. 12, 2020 12:22p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,842.89
-47.79 -0.19%
Volume: 689,021
Aug. 12, 2020 12:05p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,117.20
-21.50 -0.35%
Volume: 446,802
Aug. 12, 2020 2:17p
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/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,463.82
-181.50 -1.56%
Volume: 0.00
Aug. 12, 2020 4:16p
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