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Aug. 21, 2014, 5:04 a.m. EDT

Hong Kong stocks snap winning streak after China data

Japan and Australia stocks end higher

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By Laura He, MarketWatch


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HONG KONG (MarketWatch) — Hong Kong stocks broke a four-day string of gains on Thursday, after a private survey showed China’s manufacturing growth eased in August.

The “flash” version of HSBC’s China Manufacturing Purchasing Managers Index dropped in August to 50.3 from July’s final reading of 51.7, marking the lowest level in three months, according to data out on Thursday from HSBC and Markit.

The benchmark Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.47%  ended down 0.7%.

State-owned major banks fell across the board, with China Merchants Bank Co., Ltd. /zigman2/quotes/209899244/delayed HK:3968 +1.54%  sliding 2.2%, Bank of Communications Co., Ltd. /zigman2/quotes/203442771/delayed HK:3328 0.00%  declining 1.7%, and both Agricultural Bank of China Ltd. /zigman2/quotes/200705246/delayed HK:1288 +1.59%  and China Citic Bank Corporation Ltd. /zigman2/quotes/205809997/delayed HK:998 +0.63%  down 1.6%.

Index heavyweight China Mobile Ltd. /zigman2/quotes/200868736/delayed HK:941 +0.10%  fell 0.3%. The move came after state-run Xinhua News said the telecom had denied reported plans for massive layoffs involving 300,000 contract laborers. China Mobile’s smaller rivals China Unicom Hong Kong Ltd. /zigman2/quotes/205091392/delayed HK:762 +4.75%  and China Telecom Corp. /zigman2/quotes/206668971/delayed HK:728 +0.40%  also said they had no immediate plans to cut jobs. Shares of China Unicom rose 0.8%, and China Telecom traded up 0.2%.

In Japan, the Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +0.18%  advanced 0.9%, while the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0115%  weakened to ¥103.841 from ¥103.710 a day earlier. The broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +0.49%  also finished up 0.9%.

On the Chinese mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +2.07%  closed down 0.4%.

In other Asian markets, Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.32%  inched up 0.1%, while Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.26%  fell 1.4%.

/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/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$5.47M
loading...
/zigman2/quotes/200705246/delayed
HK : Hong Kong
HK$ 2.55
+0.04 +1.59%
Volume: 101.30M
Sept. 18, 2020 4:09p
P/E Ratio
4.03
Dividend Yield
7.81%
Market Cap
HK$1249.81 billion
Rev. per Employee
HK$2.16M
loading...
/zigman2/quotes/205809997/delayed
HK : Hong Kong
HK$ 3.17
+0.02 +0.63%
Volume: 43.27M
Sept. 18, 2020 4:09p
P/E Ratio
3.49
Dividend Yield
8.24%
Market Cap
HK$249.44 billion
Rev. per Employee
HK$6.26M
loading...
/zigman2/quotes/200868736/delayed
HK : Hong Kong
HK$ 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$1.88M
loading...
/zigman2/quotes/205091392/delayed
HK : Hong Kong
HK$ 5.73
+0.26 +4.75%
Volume: 47.50M
Sept. 18, 2020 4:09p
P/E Ratio
13.17
Dividend Yield
2.82%
Market Cap
HK$175.33 billion
Rev. per Employee
HK$1.29M
loading...
/zigman2/quotes/206668971/delayed
HK : Hong Kong
HK$ 2.51
+0.01 +0.40%
Volume: 64.19M
Sept. 18, 2020 4:09p
P/E Ratio
8.93
Dividend Yield
4.98%
Market Cap
HK$203.14 billion
Rev. per Employee
HK$1.57M
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/210598127/delayed
CN : China: Shanghai
3,338.09
+67.65 +2.07%
Volume: 25.63B
Sept. 18, 2020 3:01p
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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