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Oct. 3, 2018, 6:48 a.m. EDT

Nikkei, Hang Seng close lower as midday rally fades

Muted trading in Asian markets persists during holiday week

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By Dow Jones Newswire


Getty Images/iStockphoto
A traditional junk sails in Hong Kong’s Victoria Harbour.

Asian stock markets were mixed Wednesday as Japan’s midsession recovery had faded anew by the close, led by losses from the auto, energy and insurance sectors.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.39%   closed down nearly 0.7% after the index set 27-year closing highs both Monday and Tuesday. Major automakers tumbled, with Toyota /zigman2/quotes/203803129/delayed JP:7203 +1.10%   off more than 2% and Honda /zigman2/quotes/200490352/delayed JP:7267 -0.07% sinking some 4%. Auto parts maker Denso /zigman2/quotes/201343434/delayed JP:6902 -0.34%   lost 3%, extending this week’s declines. Dai-ichi Life /zigman2/quotes/208507587/delayed JP:8750 +0.89%   fell amid the recent downtick on bond yields.

Hong Kong stocks started lower following yesterday’s 2.4% drop, made an intraday charge into the green but ultimately closed lower. The Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.09%  was down 0.1%. Tech heavyweight Tencent /zigman2/quotes/204605823/delayed HK:700 -2.20%   fell 0.3% after a mixed session. Meanwhile, insurer AIA /zigman2/quotes/203565558/delayed HK:1299 -0.69%   was off a further 2.5%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.33%   extended gains, up 0.3%, with gold mining companies such as Newcrest Mining /zigman2/quotes/203840223/delayed AU:NCM +1.45%   and Evolution Mining /zigman2/quotes/206059650/delayed AU:EVN +0.22%   rallying as gold prices hit a nearly two-week high.

New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.07%   slipped, as did Taiwan’s Taiex  , while stocks in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.55%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -1.01%   posted solid gains. Markets in China and South Korea were closed for holidays.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,386.74
-92.41 -0.39%
Volume: 0.00
Feb. 21, 2020 3:15p
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,837.00
+85.00 +1.10%
Volume: 5.15M
Feb. 21, 2020 3:00p
P/E Ratio
9.06
Dividend Yield
2.81%
Market Cap
¥21916.10 billion
Rev. per Employee
¥81.43M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,039.00
-2.00 -0.07%
Volume: 5.39M
Feb. 21, 2020 3:00p
P/E Ratio
11.31
Dividend Yield
3.69%
Market Cap
¥5312.36 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/201343434/delayed
JP : Japan: Tokyo
¥ 4,452.00
-15.00 -0.34%
Volume: 1.21M
Feb. 21, 2020 3:00p
P/E Ratio
17.38
Dividend Yield
3.14%
Market Cap
¥3461.35 billion
Rev. per Employee
¥31.92M
loading...
/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 1,644.00
+14.50 +0.89%
Volume: 3.68M
Feb. 21, 2020 3:00p
P/E Ratio
9.33
Dividend Yield
3.77%
Market Cap
¥1844.94 billion
Rev. per Employee
¥103.65M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,308.81
-300.35 -1.09%
Volume: 1.77M
Feb. 21, 2020 4:08p
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 401.00
-9.00 -2.20%
Volume: 17.45M
Feb. 21, 2020 4:08p
P/E Ratio
39.09
Dividend Yield
0.25%
Market Cap
HK$3885.42 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 79.10
-0.55 -0.69%
Volume: 18.34M
Feb. 21, 2020 4:08p
P/E Ratio
25.20
Dividend Yield
1.49%
Market Cap
HK$959.59 billion
Rev. per Employee
HK$12.98M
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,139.00
-23.50 -0.33%
Volume: 1.07M
Feb. 21, 2020 5:17p
loading...
/zigman2/quotes/203840223/delayed
AU : Australia: Sydney
$ 28.72
+0.41 +1.45%
Volume: 3.43M
Feb. 21, 2020 4:10p
P/E Ratio
27.57
Dividend Yield
1.16%
Market Cap
$21.72 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206059650/delayed
AU : Australia: Sydney
$ 4.51
+0.01 +0.22%
Volume: 10.44M
Feb. 21, 2020 4:10p
P/E Ratio
28.08
Dividend Yield
2.88%
Market Cap
$7.67 billion
Rev. per Employee
$1.20M
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,073.34
+8.48 +0.07%
Volume: 0.00
Feb. 21, 2020 5:01p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,181.03
-17.65 -0.55%
Volume: 0.00
Feb. 21, 2020 5:20p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,882.26
-60.23 -1.01%
Volume: 0.00
Feb. 21, 2020 4:00p
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