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Nov. 20, 2014, 3:51 a.m. EST

Japan stocks nudge higher as yen weakens

Hong Kong stocks dip after China’s factory activity falls

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By Laura He, MarketWatch


Reuters Enlarge Image
Japan stocks drifted higher on Thursday, while other Asian stocks were mostly lower.

HONG KONG (MarketWatch) — Japan stocks nudged higher on Thursday, with the yen weakening against the dollar, after the country’s exports jumped in October.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +1.64%  inched up 0.1%, with the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1319%  falling to a seven-year low against the dollar. The dollar bought ¥118.66, breaking ¥118.54, its stronger point since August 2007, compared with ¥118.03 in the previous session.

The broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +1.05%  also drifted higher by 0.1%.

On Thursday, official data showed Japanese exports rose 9.6% in October from a year ago, beating an estimated 4.4% increase from a Wall Street Journal survey of economists.

Prime Minister Shinzo Abe delayed a planned tax rate hike earlier this week and called early elections, after previous data showed the economy entered a surprise contraction in the third quarter. On Wednesday, the Bank of Japan kept its stimulus program unchanged.

Among market movers, electronics maker Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 +1.27%  climbed 4.5%, and camera maker Nikon Corp. /zigman2/quotes/203281219/delayed JP:7731 +1.95%   advanced 2.5%.

In Hong Kong, the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.42%  dipped 0.1%, after HSBC’s preliminary data showed Chinese factory activity fell to its lowest level in six months in November.

Over on the mainland, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.63%  rose 0.1%.

Elsewhere, Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.10%  gave up 1%, and Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.78%  finished 0.5% lower.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,217.67
+373.71 +1.64%
Volume: 0.00
Aug. 13, 2020 9:23a
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
106.7510
-0.1410 -0.1319%
Volume: 0.0000
Aug. 12, 2020 8:43p
loading...
/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,622.33
+16.80 +1.05%
Volume: 0.00
Aug. 13, 2020 9:23a
loading...
/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 13,935.00
+175.00 +1.27%
Volume: 160,300
Aug. 13, 2020 9:23a
P/E Ratio
16.46
Dividend Yield
1.44%
Market Cap
¥2748.37 billion
Rev. per Employee
¥28.38M
loading...
/zigman2/quotes/203281219/delayed
JP : Japan: Tokyo
¥ 835.00
+16.00 +1.95%
Volume: 1.33M
Aug. 13, 2020 9:23a
P/E Ratio
N/A
Dividend Yield
2.40%
Market Cap
¥297.37 billion
Rev. per Employee
¥34.15M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,244.02
+353.34 +1.42%
Volume: 1.76M
Aug. 12, 2020 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,319.27
-21.02 -0.63%
Volume: 37.83B
Aug. 12, 2020 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,137.90
+5.90 +0.10%
Volume: 105,946
Aug. 13, 2020 10:23a
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,451.30
+18.95 +0.78%
Volume: 134,328
Aug. 13, 2020 9:23a
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Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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