Asia Markets Archives | Email alerts

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

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    NTT Docomo Inc. (9437)
  • X
    KDDI Corp. (9433)

or Cancel Already have a watchlist? Log In

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 +0.34%  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 -0.06%   were down 14% while fellow telecom KDDI /zigman2/quotes/204923990/delayed JP:9433 +0.56%   dropped 16% and SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 +3.36%   sank 8.1%. Panasonic /zigman2/quotes/201785256/delayed JP:6752 +0.42%   was also sharply down.

Meanwhile, Chinese stocks surged Thursday, with Hong Kong‘s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.17%   jumping 1.8%. Apple Inc. /zigman2/quotes/202934861/composite AAPL +1.45%   suppliers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +1.08%   and AAC Tech /zigman2/quotes/201441510/delayed HK:2018 +0.62%  rose 7.3% and 7.8%, respectively, a day after Apple unveiled new computers and iPads. Country Garden /zigman2/quotes/201681083/delayed HK:2007 -1.47%   and China Overseas Land /zigman2/quotes/205731176/delayed HK:688 -1.42%   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 +0.18%   was down 1.3% and Power Assets /zigman2/quotes/201496043/delayed HK:6 +0.44%   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 +1.84%   ticked up 0.1%. The smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +2.15%   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 +0.25%   rose 0.2%, as BHP Billiton /zigman2/quotes/201448516/delayed AU:BHP +0.05%   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 +0.70%   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 -0.67%  , Singapore /zigman2/quotes/210597985/delayed SG:STI -0.47%   and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.05%   all posted solid gains.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,479.15
+78.45 +0.34%
Volume: 0.00
Feb. 20, 2020 3:15p
loading...
/zigman2/quotes/202061250/delayed
JP : Japan: Tokyo
¥ 3,131.00
-2.00 -0.06%
Volume: 3.76M
Feb. 20, 2020 3:00p
P/E Ratio
17.30
Dividend Yield
3.83%
Market Cap
¥10227.50 billion
Rev. per Employee
¥175.79M
loading...
/zigman2/quotes/204923990/delayed
JP : Japan: Tokyo
¥ 3,409.00
+19.00 +0.56%
Volume: 4.21M
Feb. 20, 2020 3:00p
P/E Ratio
12.37
Dividend Yield
3.37%
Market Cap
¥7796.68 billion
Rev. per Employee
¥130.16M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,531.00
+180.00 +3.36%
Volume: 20.07M
Feb. 20, 2020 3:00p
P/E Ratio
37.11
Dividend Yield
0.80%
Market Cap
¥11083.80 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 1,189.00
+5.00 +0.42%
Volume: 6.43M
Feb. 20, 2020 3:00p
P/E Ratio
9.62
Dividend Yield
2.52%
Market Cap
¥2762.11 billion
Rev. per Employee
¥29.74M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
27,609.16
-46.65 -0.17%
Volume: 1.58M
Feb. 20, 2020 4:08p
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 323.62
+4.62 +1.45%
Volume: 23.50M
Feb. 19, 2020 4:00p
P/E Ratio
25.56
Dividend Yield
0.95%
Market Cap
$1415.99 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 131.00
+1.40 +1.08%
Volume: 5.63M
Feb. 20, 2020 4:08p
P/E Ratio
45.56
Dividend Yield
0.51%
Market Cap
HK$142.15 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 57.15
+0.35 +0.62%
Volume: 5.77M
Feb. 20, 2020 4:08p
P/E Ratio
21.80
Dividend Yield
2.50%
Market Cap
HK$68.64 billion
Rev. per Employee
HK$411,637
loading...
/zigman2/quotes/201681083/delayed
HK : Hong Kong
HK$ 10.72
-0.16 -1.47%
Volume: 25.35M
Feb. 20, 2020 4:08p
P/E Ratio
5.46
Dividend Yield
5.58%
Market Cap
HK$234.59 billion
Rev. per Employee
HK$3.60M
loading...
/zigman2/quotes/205731176/delayed
HK : Hong Kong
HK$ 27.75
-0.40 -1.42%
Volume: 12.31M
Feb. 20, 2020 4:08p
P/E Ratio
6.52
Dividend Yield
3.42%
Market Cap
HK$308.42 billion
Rev. per Employee
HK$30.79M
loading...
/zigman2/quotes/204954538/delayed
HK : Hong Kong
HK$ 82.35
+0.15 +0.18%
Volume: 1.23M
Feb. 20, 2020 4:08p
P/E Ratio
39.96
Dividend Yield
3.74%
Market Cap
HK$207.67 billion
Rev. per Employee
HK$11.98M
loading...
/zigman2/quotes/201496043/delayed
HK : Hong Kong
HK$ 56.55
+0.25 +0.44%
Volume: 1.78M
Feb. 20, 2020 4:08p
P/E Ratio
16.52
Dividend Yield
4.95%
Market Cap
HK$120.16 billion
Rev. per Employee
HK$141.36M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,030.15
+54.75 +1.84%
Volume: 34.57B
Feb. 20, 2020 3:00p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,886.14
+39.74 +2.15%
Volume: 55.17B
Feb. 20, 2020 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,162.50
+17.90 +0.25%
Volume: 797,553
Feb. 20, 2020 5:23p
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 38.52
+0.02 +0.05%
Volume: 4.98M
Feb. 20, 2020 4:10p
P/E Ratio
16.21
Dividend Yield
5.54%
Market Cap
$194.68 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,064.86
+83.83 +0.70%
Volume: 0.00
Feb. 20, 2020 5:01p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,195.50
-14.84 -0.67%
Volume: 709,563
Feb. 20, 2020 3:30p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,198.68
-15.03 -0.47%
Volume: 0.00
Feb. 20, 2020 5:20p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,534.98
+0.82 +0.05%
Volume: 0.00
Feb. 20, 2020 5:05p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.