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Oct. 8, 2014, 5:57 a.m. EDT

Hong Kong stocks snap three-day recovery run

Japanese stocks slide

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By Laura He, MarketWatch


Shutterstock/Mike Demidov

HONG KONG (MarketWatch) -- Hong Kong stocks closed lower on Wednesday, keying off a selloff in the U.S. markets overnight, and ending a three-session run of gains.

The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.47%  retreated 0.7%, marking the fifth decline in the past eight days.

Banks and tech stocks dropped, with several index heavyweights falling hard, including a 1.1% pullback for telecom giant China Mobile Ltd. /zigman2/quotes/200868736/delayed HK:941 +0.10% , and a 0.9% move lower for online major Tencent Holdings Ltd. /zigman2/quotes/204605823/delayed HK:700 -0.38% .

Among financial stocks, top underperformers included China Merchants Bank Co. /zigman2/quotes/209899244/delayed HK:3968 +1.54% , down 1.5%, and Bank of Communications Co. /zigman2/quotes/203442771/delayed HK:3328 0.00% , off 0.9%.

Casino stocks tumbled, as MGM China Holdings Ltd. /zigman2/quotes/203735819/delayed HK:2282 -2.02%  slid 3.2% and Galaxy Entertainment Group Ltd. /zigman2/quotes/202884203/delayed HK:27 -0.86%  lost 2.7%. Both Sands China Ltd. /zigman2/quotes/207609245/delayed HK:1928 -0.30%  and Melco Crown Entertainment Ltd.  dropped 2.5%, and Wynn Macau Ltd. /zigman2/quotes/200973447/delayed HK:1128 -0.44%  skidded 2.1%.

Oil stocks were also weak as international crude prices fell, with state-owned energy giant PetroChina Co. /zigman2/quotes/204979431/delayed HK:857 +0.40%  giving up 2%, offshore oil producer Cnooc Ltd. /zigman2/quotes/203421416/delayed HK:883 -0.84% moving down 1.3%, and China Petroleum & Chemical Corp. /zigman2/quotes/202085942/delayed HK:386 -0.30% , or Sinopec, trading 0.6% lower.

However, mainland Chinese real-estate developer Sunac China Holdings Ltd. /zigman2/quotes/206127839/delayed HK:1918 +0.47% bucked the trend and rose 0.6% as the company’s contract sales for the first nine months of this year jumped 33% from a year ago. Rival Greentown China Holdings Ltd. /zigman2/quotes/210429626/delayed HK:3900 +0.87% also added 0.4% after reporting a 28% increase in its contract sales for last month.

Over on the Chinese mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +2.07% advanced 0.8% on its first trading day after a week-long National Day holiday.

In other Asian markets, Japan’s Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.18%  closed down 1.2%, with the dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0115% rising to ¥108.013, compared with ¥107.828 a day earlier. The broader Topix /zigman2/quotes/210598092/delayed JP:180460 +0.49%  also finished 1.2% lower.

Elsewhere, Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.32%  declined 0.8%, and South Korea’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.26%  settled 0.4% lower.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,455.41
+114.56 +0.47%
Volume: 2.30M
Sept. 18, 2020 4:09p
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/zigman2/quotes/200868736/delayed
HK : Hong Kong
HK$ 52.45
+0.05 +0.10%
Volume: 27.08M
Sept. 18, 2020 4:09p
P/E Ratio
9.16
Dividend Yield
6.20%
Market Cap
HK$1073.94 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 525.00
-2.00 -0.38%
Volume: 21.70M
Sept. 18, 2020 4:09p
P/E Ratio
43.86
Dividend Yield
0.23%
Market Cap
HK$4988.90 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/209899244/delayed
HK : Hong Kong
HK$ 39.45
+0.60 +1.54%
Volume: 20.76M
Sept. 18, 2020 4:09p
P/E Ratio
9.75
Dividend Yield
3.33%
Market Cap
HK$1103.41 billion
Rev. per Employee
HK$3.67M
loading...
/zigman2/quotes/203442771/delayed
HK : Hong Kong
HK$ 3.90
0.00 0.00%
Volume: 31.37M
Sept. 18, 2020 4:09p
P/E Ratio
3.68
Dividend Yield
8.85%
Market Cap
HK$347.18 billion
Rev. per Employee
HK$5.47M
loading...
/zigman2/quotes/203735819/delayed
HK : Hong Kong
HK$ 10.68
-0.22 -2.02%
Volume: 2.33M
Sept. 18, 2020 4:09p
P/E Ratio
N/A
Dividend Yield
0.78%
Market Cap
HK$40.58 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 57.75
-0.50 -0.86%
Volume: 9.62M
Sept. 18, 2020 4:09p
P/E Ratio
71.79
Dividend Yield
0.00%
Market Cap
HK$250.49 billion
Rev. per Employee
HK$1.44M
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 33.15
-0.10 -0.30%
Volume: 15.15M
Sept. 18, 2020 4:09p
P/E Ratio
133.99
Dividend Yield
2.99%
Market Cap
HK$268.17 billion
Rev. per Employee
HK$1.41M
loading...
/zigman2/quotes/200973447/delayed
HK : Hong Kong
HK$ 13.52
-0.06 -0.44%
Volume: 10.83M
Sept. 18, 2020 4:09p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$70.27 billion
Rev. per Employee
HK$3.23M
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 2.52
+0.01 +0.40%
Volume: 59.56M
Sept. 18, 2020 4:09p
P/E Ratio
N/A
Dividend Yield
5.73%
Market Cap
HK$845.99 billion
Rev. per Employee
HK$5.32M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 8.29
-0.07 -0.84%
Volume: 78.65M
Sept. 18, 2020 4:09p
P/E Ratio
8.09
Dividend Yield
7.84%
Market Cap
HK$370.13 billion
Rev. per Employee
HK$13.96M
loading...
/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 3.33
-0.01 -0.30%
Volume: 120.29M
Sept. 18, 2020 4:09p
P/E Ratio
101.22
Dividend Yield
6.54%
Market Cap
HK$518.87 billion
Rev. per Employee
HK$7.40M
loading...
/zigman2/quotes/206127839/delayed
HK : Hong Kong
HK$ 31.95
+0.15 +0.47%
Volume: 11.81M
Sept. 18, 2020 4:09p
P/E Ratio
4.86
Dividend Yield
4.19%
Market Cap
HK$148.92 billion
Rev. per Employee
HK$6.26M
loading...
/zigman2/quotes/210429626/delayed
HK : Hong Kong
HK$ 11.60
+0.10 +0.87%
Volume: 10.09M
Sept. 18, 2020 4:09p
P/E Ratio
18.11
Dividend Yield
2.97%
Market Cap
HK$28.84 billion
Rev. per Employee
HK$13.17M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,338.09
+67.65 +2.07%
Volume: 25.63B
Sept. 18, 2020 3:01p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
23,360.30
+40.93 +0.18%
Volume: 0.00
Sept. 18, 2020 3:15p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
104.5600
-0.0120 -0.0115%
Volume: 0.0000
Sept. 18, 2020 4:59p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,646.42
+8.02 +0.49%
Volume: 0.00
Sept. 18, 2020 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,864.50
-18.70 -0.32%
Volume: 1.51M
Sept. 18, 2020 5:05p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,412.40
+6.23 +0.26%
Volume: 756,516
Sept. 18, 2020 3:32p
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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