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Aug. 26, 2014, 5:22 a.m. EDT · CORRECTED

Japan stocks return to winning ways as yen weakens

Hong Kong shakes off early losses, finishes higher

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By Laura He, MarketWatch

A previous version of this story published on Monday August, 25, misstated the closing level of the Hang Seng Index. The story has been corrected.


Reuters

HONG KONG (MarketWatch) — Japan stocks ended higher on Monday, returning to its pattern of steady gains after a mild retreat at the end of last week, as a softer yen aided export-related stocks.

The Nikkei Average /zigman2/quotes/210597971/delayed JP:NIK +1.44%  rebounded 0.5% to 15,613.25, after the index broke a nine-day winning streak with a 0.3% loss on Friday. The broader Topix index /zigman2/quotes/210598092/delayed JP:180460 +1.30%  ended up 0.4%.

Meanwhile, the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0336%  weakened against the dollar to ¥104.039 from ¥103.955 on Friday.

Many tech exporters saw solid gains, with semiconductor firm Renesas Electronics Corp. /zigman2/quotes/203872935/delayed JP:6723 +0.33%  advancing 2.1%, electronics maker Hitachi, Ltd. /zigman2/quotes/203839937/delayed JP:6501 +1.23%  adding 1.7%, camera maker Olympus Corp. /zigman2/quotes/200860615/delayed JP:7733 0.00%  rising 1.5%, and IT services provider Fujitsu Ltd. /zigman2/quotes/208459594/delayed JP:6702 +0.53%  up 1.2%.

In Hong Kong, stocks clawed their way back after early losses and ended with modest gains, with the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.05%  edging 0.2% higher to 25,166.91.

China Petroleum & Chemical Corp. /zigman2/quotes/202085942/delayed HK:386 -0.89%   /zigman2/quotes/202783176/composite SNP +0.57% , or Sinopec, China’s largest oil refiner, rallied 4.3% after its interim earnings climbed 7.5%.

Electric-car and battery maker BYD Co. /zigman2/quotes/206867707/delayed HK:1211 -0.48%   /zigman2/quotes/200126312/composite BYDDF -7.73%  , in which Warren Buffett’s Berkshire Hathaway holds a stake, shook off morning losses and finished 2.2% higher, shrugging off a more than 15% plunge in its first-half earnings due to lower traditional car sales and solar-operation losses.

Elsewhere, Sydney’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.22%  slipped 0.2% to 5,634.90, the Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP -1.41%  fell 0.5% to 2,229.27, while Seoul’s Kospi Composite Index /zigman2/quotes/210598069/delayed KR:180721 +0.69%  edged up 0.2% to 2,060.89.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,912.24
+325.23 +1.44%
Volume: 0.00
July 15, 2020 11:30a
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/zigman2/quotes/210598092/delayed
JP : Tokyo Exchange (TOPIX)
1,585.55
+20.40 +1.30%
Volume: 0.00
July 15, 2020 11:30a
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.2700
+0.0360 +0.0336%
Volume: 0.0000
July 14, 2020 11:19p
loading...
/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 615.00
+2.00 +0.33%
Volume: 5.59M
July 15, 2020 11:30a
P/E Ratio
69.57
Dividend Yield
N/A
Market Cap
¥1061.44 billion
Rev. per Employee
¥36.92M
loading...
/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 3,445.00
+42.00 +1.23%
Volume: 864,500
July 15, 2020 11:30a
P/E Ratio
38.09
Dividend Yield
2.76%
Market Cap
¥3295.94 billion
Rev. per Employee
¥30.84M
loading...
/zigman2/quotes/200860615/delayed
JP : Japan: Tokyo
¥ 2,018.00
0.00 0.00%
Volume: 1.39M
July 15, 2020 11:30a
P/E Ratio
51.29
Dividend Yield
0.50%
Market Cap
¥2620.02 billion
Rev. per Employee
¥22.14M
loading...
/zigman2/quotes/208459594/delayed
JP : Japan: Tokyo
¥ 13,320.00
+70.00 +0.53%
Volume: 288,600
July 15, 2020 11:30a
P/E Ratio
16.84
Dividend Yield
1.35%
Market Cap
¥2661.29 billion
Rev. per Employee
¥28.38M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
25,489.78
+11.89 +0.05%
Volume: 618,927
July 15, 2020 11:04a
loading...
/zigman2/quotes/202085942/delayed
HK : Hong Kong
HK$ 3.34
-0.03 -0.89%
Volume: 24.14M
July 15, 2020 11:04a
P/E Ratio
15.53
Dividend Yield
10.25%
Market Cap
HK$528.26 billion
Rev. per Employee
HK$7.40M
loading...
/zigman2/quotes/202783176/composite
US : U.S.: NYSE
$ 44.21
+0.25 +0.57%
Volume: 117,929
July 14, 2020 4:00p
P/E Ratio
7.91
Dividend Yield
8.84%
Market Cap
$69.34 billion
Rev. per Employee
$975,922
loading...
/zigman2/quotes/206867707/delayed
HK : Hong Kong
HK$ 82.15
-0.40 -0.48%
Volume: 7.39M
July 15, 2020 11:04a
P/E Ratio
120.86
Dividend Yield
0.08%
Market Cap
HK$278.62 billion
Rev. per Employee
HK$707,751
loading...
/zigman2/quotes/200126312/composite
US : U.S.: OTC
$ 10.38
-0.87 -7.73%
Volume: 412,082
July 14, 2020 3:58p
P/E Ratio
199.23
Dividend Yield
N/A
Market Cap
$35.95 billion
Rev. per Employee
$90,363
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,013.30
+72.20 +1.22%
Volume: 274,034
July 15, 2020 12:59p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,366.39
-48.23 -1.41%
Volume: 26.81B
July 15, 2020 11:04a
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,198.76
+15.15 +0.69%
Volume: 493,464
July 15, 2020 11:59a
loading...

Laura He is a MarketWatch reporter based in Hong Kong. Follow Laura on Twitter at: @lauraliuhe.

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