Bulletin
Investor Alert

Asia Markets Archives | Email alerts

May 1, 2019, 1:35 a.m. EDT

Australian stocks rise, with most Asian markets closed for holiday

New Zealand stocks fall after jobless rate declines

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    S&P/ASX 200 Benchmark Index (XJO)
  • X
    Australia & New Zealand Banking Group Ltd. (ANZ)
  • X
    Westpac Banking Corp. (WBC)

or Cancel Already have a watchlist? Log In

By Marketwatch


BridgeClimb Sydney via Reuters
The Sydney Harbour Bridge overlooks downtown Sydney, Australia.

Australian stocks rose, while New Zealand equities fell Wednesday, with those two markets among the only major Asia-Pacific indexes open on a day that was a public holiday in most countries.

Japan’s Nikkei remained shut as part of a 10-day holiday commemorating the installation of a new emperor, Naruhito, who was installed Wednesday, a day after his father officially abdicated.

In Beijing, the U.S. and China resumed trade negotiations, with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer leading the U.S. delegation. The two sides are reportedly close to a final deal, and Mnuchin said Monday that he would know in the next week or two the deal will be good enough for him to recommend to President Donald Trump.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.36%   closed up 0.8%, with financial stocks leading the way. ANZ Banking /zigman2/quotes/205482049/delayed AU:ANZ +0.14%   and Westpac /zigman2/quotes/203084975/delayed AU:WBC +0.91%   were among the top gainers, while mining giant Rio Tinto /zigman2/quotes/202627887/composite RIO +0.27%   fell.

New Zealand’s NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.27%   slipped 0.5%, with A2 Milk /zigman2/quotes/207461975/delayed NZ:ATM +0.87%   falling. Data showed the country’s unemployment rate fell in the first quarter, beating market expectations. That may challenge the Reserve Bank of New Zealand’s recent move to signal that interest rate cuts are likely.

Crude oil prices retreated, after rising Tuesday. U.S.-based West Texas Intermediate crude for June delivery   dipped after ending up 6% for the month of April. Global benchmark July Brent crude  declined as well.

/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,731.20
+24.30 +0.36%
Volume: 116,322
Dec. 11, 2019 11:17a
loading...
/zigman2/quotes/205482049/delayed
AU : Australia: Sydney
$ 24.46
+0.04 +0.14%
Volume: 816,386
Dec. 11, 2019 11:17a
P/E Ratio
12.16
Dividend Yield
6.54%
Market Cap
$69.67 billion
Rev. per Employee
$908,476
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 24.43
+0.22 +0.91%
Volume: 1.14M
Dec. 11, 2019 11:17a
P/E Ratio
12.90
Dividend Yield
7.12%
Market Cap
$86.74 billion
Rev. per Employee
$1.09M
loading...
/zigman2/quotes/202627887/composite
US : U.S.: NYSE
$ 56.06
+0.15 +0.27%
Volume: 1.33M
Dec. 10, 2019 6:30p
P/E Ratio
7.12
Dividend Yield
5.90%
Market Cap
$70.43 billion
Rev. per Employee
$852,406
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,253.72
-30.50 -0.27%
Volume: 0.00
Dec. 11, 2019 1:22p
loading...
/zigman2/quotes/207461975/delayed
NZ : New Zealand: NZX
$ 15.10
+0.13 +0.87%
Volume: 68,248
Dec. 11, 2019 1:19p
P/E Ratio
38.94
Dividend Yield
N/A
Market Cap
$10.76 billion
Rev. per Employee
$6.11M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.