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Nov. 1, 2018, 6:41 a.m. EDT

Most Asian markets gain to open November, with only Japan lagging

Telecom stocks dive in Japan; Chinese stocks surge, led by Apple supplies

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    NTT Docomo Inc. (9437)
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By Dow Jones Newswires


Bloomberg News
Shares of NTT Docomo Inc. tumbled some 14% Thursday.

After a roller-coaster October, Asian stock markets largely started November with widespread gains with only Japan as the notable exception.

The Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.92%  closed down nearly 1.1% amid caution over U.S. trade policies and the upcoming U.S. midterm elections. The telecom sector fell some 6%, by far the worst among 33 Topix sectors, after NTT DoCoMo said it would cut mobile service charges. Shares in NTT DoCoMo /zigman2/quotes/202061250/delayed JP:9437 -0.32%   were down 14% while fellow telecom KDDI /zigman2/quotes/204923990/delayed JP:9433 +1.68%   dropped 16% and SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 +1.69%   sank 8.1%. Panasonic /zigman2/quotes/201785256/delayed JP:6752 +2.75%   was also sharply down.

Meanwhile, Chinese stocks surged Thursday, with Hong Kong‘s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -1.37%   jumping 1.8%. Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.44%   suppliers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -3.04%   and AAC Tech /zigman2/quotes/201441510/delayed HK:2018 -4.51%  rose 7.3% and 7.8%, respectively, a day after Apple unveiled new computers and iPads. Country Garden /zigman2/quotes/201681083/delayed HK:2007 +0.11%   and China Overseas Land /zigman2/quotes/205731176/delayed HK:688 -1.65%   rose 9.2% and 4.7%, respectively, after what UOB Kay Hian analyst Ivan Ip called an upbeat assessment on mainland China’s construction recovery from Wednesday’s PMI reading. Among the losers, CLP Holdings /zigman2/quotes/204954538/delayed HK:2 -1.62%   was down 1.3% and Power Assets /zigman2/quotes/201496043/delayed HK:6 -1.05%   slipped 1.3%.

Mainland China benchmarks continued slightly higher, as the latest Politburo meeting called for “healthy development” of the capital market. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.24%   ticked up 0.1%. The smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.19%   was up 0.9%, following its seventh straight monthly decline. Some AI-related names popped, boosted by President Xi Jinping’s pep talk, while infrastructure stocks outperformed the boarder market.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +1.50%   rose 0.2%, as BHP Billiton /zigman2/quotes/201448516/delayed AU:BHP +2.32%   rose after announcing a plan to give $10.4 billion from its shale sale to investors via an equally split buyback and special dividend. Stocks in New Zealand /zigman2/quotes/211587880/delayed NZ:NZ50GR -1.74%   rose as well.

Taiwan’s Taiex   gained 0.4% despite fears that the country’s economic slowdown could be worse than it seems, after third-quarter GDP grew 2.28% year-over-year, slower than the previous quarter’s 3.3% expansion. Benchmark indexes in South Korea /zigman2/quotes/210598069/delayed KR:180721 -0.36%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.05%   and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.07%   all posted solid gains.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,829.85
+410.62 +1.92%
Volume: 0.00
May 28, 2020 2:43p
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/zigman2/quotes/202061250/delayed
JP : Japan: Tokyo
¥ 2,971.50
-9.50 -0.32%
Volume: 5.47M
May 28, 2020 2:43p
P/E Ratio
16.52
Dividend Yield
4.04%
Market Cap
¥9334.86 billion
Rev. per Employee
¥175.79M
loading...
/zigman2/quotes/204923990/delayed
JP : Japan: Tokyo
¥ 3,147.00
+52.00 +1.68%
Volume: 5.06M
May 28, 2020 2:43p
P/E Ratio
11.42
Dividend Yield
3.81%
Market Cap
¥6914.80 billion
Rev. per Employee
¥130.16M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,814.00
+80.00 +1.69%
Volume: 26.07M
May 28, 2020 2:43p
P/E Ratio
32.30
Dividend Yield
0.91%
Market Cap
¥9936.70 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 977.50
+26.20 +2.75%
Volume: 9.42M
May 28, 2020 2:43p
P/E Ratio
10.11
Dividend Yield
3.07%
Market Cap
¥2168.72 billion
Rev. per Employee
¥29.74M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,981.60
-319.76 -1.37%
Volume: 1.33M
May 28, 2020 1:48p
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 318.11
+1.38 +0.44%
Volume: 28.24M
May 27, 2020 4:00p
P/E Ratio
24.94
Dividend Yield
1.03%
Market Cap
$1372.82 billion
Rev. per Employee
$1.98M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 102.10
-3.20 -3.04%
Volume: 4.75M
May 28, 2020 1:48p
P/E Ratio
24.85
Dividend Yield
0.79%
Market Cap
HK$118.24 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 39.15
-1.85 -4.51%
Volume: 10.10M
May 28, 2020 1:48p
P/E Ratio
18.89
Dividend Yield
1.02%
Market Cap
HK$49.97 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 9.51
+0.01 +0.11%
Volume: 12.32M
May 28, 2020 1:48p
P/E Ratio
4.70
Dividend Yield
6.51%
Market Cap
HK$207.17 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 23.85
-0.40 -1.65%
Volume: 10.00M
May 28, 2020 1:48p
P/E Ratio
N/A
Dividend Yield
4.28%
Market Cap
HK$267.33 billion
Rev. per Employee
HK$30.79M
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/zigman2/quotes/204954538/delayed
HK : Hong Kong
HK$ 76.05
-1.25 -1.62%
Volume: 3.26M
May 28, 2020 1:48p
P/E Ratio
41.26
Dividend Yield
4.05%
Market Cap
HK$197.06 billion
Rev. per Employee
HK$11.98M
loading...
/zigman2/quotes/201496043/delayed
HK : Hong Kong
HK$ 42.50
-0.45 -1.05%
Volume: 2.61M
May 28, 2020 1:47p
P/E Ratio
12.72
Dividend Yield
6.59%
Market Cap
HK$94.65 billion
Rev. per Employee
HK$141.36M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,829.92
-6.89 -0.24%
Volume: 15.73B
May 28, 2020 1:48p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,753.12
-21.09 -1.19%
Volume: 22.51B
May 28, 2020 1:48p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,861.40
+86.40 +1.50%
Volume: 992,190
May 28, 2020 3:43p
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 35.26
+0.80 +2.32%
Volume: 4.86M
May 28, 2020 3:43p
P/E Ratio
13.19
Dividend Yield
6.04%
Market Cap
$179.51 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
10,856.69
-192.50 -1.74%
Volume: 0.00
May 28, 2020 5:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,023.87
-7.33 -0.36%
Volume: 1.02M
May 28, 2020 2:43p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,518.11
-1.37 -0.05%
Volume: 0.00
May 28, 2020 1:48p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,450.75
-0.98 -0.07%
Volume: 0.00
May 28, 2020 1:48p
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