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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 -0.67%   /zigman2/quotes/205453964/composite GOOG -0.60%   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 +0.08%   fell 0.6%, and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.05%   slid 0.4%, while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.11%   tumbled 0.7%. Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.25%   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 +0.20%   gained 0.7%. Benchmark indexes rose in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.04%   but fell in Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.16%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.04%  advanced 1.4%.

Among individual stocks, Nintendo /zigman2/quotes/208063194/delayed JP:7974 -0.16%  rose while Sony /zigman2/quotes/201361720/delayed JP:6758 +0.17%   fell in Tokyo trading. CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.84%   was among the gainers in Hong Kong, while Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -2.86%   and Tencent /zigman2/quotes/204605823/delayed HK:700 -1.81%   dropped. Samsung /zigman2/quotes/209800866/delayed KR:005930 +0.80%   and Hyundai Motor /zigman2/quotes/206684590/delayed KR:005380 -0.81%  advanced in South Korea, while Westpac Banking /zigman2/quotes/203084975/delayed AU:WBC +0.17%   surged in Australia.

/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,244.41
-8.39 -0.67%
Volume: 1.58M
Oct. 18, 2019 4:00p
P/E Ratio
25.12
Dividend Yield
N/A
Market Cap
$804.98 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,245.49
-7.58 -0.60%
Volume: 1.35M
Oct. 18, 2019 4:00p
P/E Ratio
25.14
Dividend Yield
N/A
Market Cap
$805.68 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,740.24
+20.66 +0.08%
Volume: 941,103
Oct. 21, 2019 4:07p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,939.62
+1.48 +0.05%
Volume: 13.25B
Oct. 21, 2019 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,614.87
-1.85 -0.11%
Volume: 20.99B
Oct. 21, 2019 3:00p
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/zigman2/quotes/210597971/delayed
JP : Nikkei
22,548.90
+56.22 +0.25%
Volume: 0.00
Oct. 21, 2019 3:15p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,064.84
+4.15 +0.20%
Volume: 600,282
Oct. 21, 2019 3:30p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
11,184.15
+3.93 +0.04%
Volume: 0.00
Oct. 21, 2019 1:33p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,202.06
+10.11 +0.16%
Volume: 0.00
Oct. 21, 2019 3:12p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,652.50
+2.80 +0.04%
Volume: 506,428
Oct. 21, 2019 5:26p
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/zigman2/quotes/208063194/delayed
JP : Japan: Tokyo
¥ 38,550.00
-60.00 -0.16%
Volume: 808,000
Oct. 21, 2019 3:00p
P/E Ratio
25.70
Dividend Yield
1.97%
Market Cap
¥4599.40 billion
Rev. per Employee
¥217.41M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,460.00
+11.00 +0.17%
Volume: 2.73M
Oct. 21, 2019 3:00p
P/E Ratio
9.91
Dividend Yield
0.62%
Market Cap
¥8040.64 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 11.98
+0.10 +0.84%
Volume: 21.76M
Oct. 21, 2019 3:59p
P/E Ratio
8.10
Dividend Yield
6.09%
Market Cap
HK$530.41 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 115.40
-3.40 -2.86%
Volume: 3.67M
Oct. 21, 2019 3:59p
P/E Ratio
40.13
Dividend Yield
0.57%
Market Cap
HK$130.31 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 325.00
-6.00 -1.81%
Volume: 12.18M
Oct. 21, 2019 3:59p
P/E Ratio
30.38
Dividend Yield
0.31%
Market Cap
HK$3139.51 billion
Rev. per Employee
HK$8.27M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
50,300.00
+400.00 +0.80%
Volume: 4.39M
Oct. 21, 2019 3:30p
P/E Ratio
10.86
Dividend Yield
2.82%
Market Cap
₩338954.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
122,000
-1,000 -0.81%
Volume: 371,301
Oct. 21, 2019 3:30p
P/E Ratio
17.03
Dividend Yield
3.28%
Market Cap
₩32352.50 billion
Rev. per Employee
N/A
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/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 28.89
+0.05 +0.17%
Volume: 4.23M
Oct. 21, 2019 4:10p
P/E Ratio
14.48
Dividend Yield
6.51%
Market Cap
$100.45 billion
Rev. per Employee
$1.09M
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