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May 20, 2019, 9:46 a.m. EDT

China markets retreat on rising trade tensions with U.S.

Nikkei, other Asian markets mostly rise; Google reportedly blocks Huawei

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By Marketwatch and Associated Press


Getty Images
Huawei workers walk at the new sprawling “Ox Horn” Research and Development campus in Dongguan, near Shenzhen, China. Google reportedly revoked Huawei’s Android license Sunday.

Chinese stock markets fell Monday amid increasing trade tensions with the U.S., while markets in most of the rest of Asia gained.

On Friday, China’s Commerce Ministry called the Trump administration’s latest tariffs hikes “bullying behavior,” and Chinese state media suggested the government was in no hurry to resume trade talks with the U.S.

On Sunday, Alphabet Inc.’s /zigman2/quotes/202490156/composite GOOGL +0.18%   /zigman2/quotes/205453964/composite GOOG +0.27%   Google reportedly revoked Huawei Technologies’ Android license, effectively blocking the Chinese tech giant’s smartphones from receiving Android updates and barring its next versions of smartphones outside of China from using the popular YouTube and Gmail apps, and as well as cutting off access to the Google Play store.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.25%   fell 0.6%, and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.33%   slid 0.4%, while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.79%   tumbled 0.7%. Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.70%   rose 0.2% after economists were surprised by stronger-than-expected first-quarter economic growth, and South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +1.21%   gained 0.7%. Benchmark indexes rose in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.24%   but fell in Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.11%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.94%  advanced 1.4%.

Among individual stocks, Nintendo  rose while Sony /zigman2/quotes/201361720/delayed JP:6758 +0.19%   fell in Tokyo trading. CNOOC /zigman2/quotes/203421416/delayed HK:883 +2.77%   was among the gainers in Hong Kong, while Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +5.37%   and Tencent /zigman2/quotes/204605823/delayed HK:700 +1.71%   dropped. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.79%   and Hyundai Motor /zigman2/quotes/206684590/delayed KR:005380 +7.26%  advanced in South Korea, while Westpac Banking /zigman2/quotes/203084975/delayed AU:WBC +0.08%   surged in Australia.

/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,482.25
+2.73 +0.18%
Volume: 2.45M
Jan. 21, 2020 4:00p
P/E Ratio
31.81
Dividend Yield
N/A
Market Cap
$1000.74 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,484.40
+4.01 +0.27%
Volume: 2.04M
Jan. 21, 2020 4:00p
P/E Ratio
31.85
Dividend Yield
N/A
Market Cap
$1000.74 billion
Rev. per Employee
$1.39M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,335.33
+350.00 +1.25%
Volume: 759,047
Jan. 22, 2020 2:09p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,062.18
+10.04 +0.33%
Volume: 18.01B
Jan. 22, 2020 2:09p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,820.74
+14.21 +0.79%
Volume: 28.33B
Jan. 22, 2020 2:09p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
24,031.35
+166.79 +0.70%
Volume: 0.00
Jan. 22, 2020 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,266.84
+27.15 +1.21%
Volume: 550,172
Jan. 22, 2020 3:04p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
12,118.71
+28.42 +0.24%
Volume: 0.00
Jan. 20, 2020 1:31p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,231.46
-6.69 -0.11%
Volume: 0.00
Jan. 22, 2020 12:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,132.70
+66.40 +0.94%
Volume: 601,153
Jan. 22, 2020 5:02p
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 7,959.00
+15.00 +0.19%
Volume: 5.09M
Jan. 22, 2020 3:00p
P/E Ratio
11.94
Dividend Yield
0.50%
Market Cap
¥9837.53 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 13.36
+0.36 +2.77%
Volume: 25.01M
Jan. 22, 2020 2:09p
P/E Ratio
9.03
Dividend Yield
5.46%
Market Cap
HK$594.71 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 145.10
+7.40 +5.37%
Volume: 5.84M
Jan. 22, 2020 2:09p
P/E Ratio
50.46
Dividend Yield
0.46%
Market Cap
HK$154.00 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 392.00
+6.60 +1.71%
Volume: 11.89M
Jan. 22, 2020 2:09p
P/E Ratio
38.21
Dividend Yield
0.26%
Market Cap
HK$3752.62 billion
Rev. per Employee
HK$8.27M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
62,500.00
+1,100 +1.79%
Volume: 13.59M
Jan. 22, 2020 3:04p
P/E Ratio
17.25
Dividend Yield
2.27%
Market Cap
₩423862.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
125,500
+8,500 +7.26%
Volume: 2.12M
Jan. 22, 2020 3:04p
P/E Ratio
16.14
Dividend Yield
3.19%
Market Cap
₩31037.40 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 25.14
+0.02 +0.08%
Volume: 9.41M
Jan. 22, 2020 4:10p
P/E Ratio
13.28
Dividend Yield
6.92%
Market Cap
$90.38 billion
Rev. per Employee
$1.09M
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