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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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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 +1.00%  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   were down 14% while fellow telecom KDDI /zigman2/quotes/204923990/delayed JP:9433 +0.67%   dropped 16% and SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 -0.71%   sank 8.1%. Panasonic /zigman2/quotes/201785256/delayed JP:6752 +1.25%   was also sharply down.

Meanwhile, Chinese stocks surged Thursday, with Hong Kong‘s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.09%   jumping 1.8%. Apple Inc. /zigman2/quotes/202934861/composite AAPL -1.17%   suppliers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +2.62%   and AAC Tech /zigman2/quotes/201441510/delayed HK:2018 +1.36%  rose 7.3% and 7.8%, respectively, a day after Apple unveiled new computers and iPads. Country Garden /zigman2/quotes/201681083/delayed HK:2007 -0.70%   and China Overseas Land /zigman2/quotes/205731176/delayed HK:688 +0.32%   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 -0.92%   was down 1.3% and Power Assets /zigman2/quotes/201496043/delayed HK:6 +0.32%   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 +0.94%   ticked up 0.1%. The smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.71%   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 +0.22%   rose 0.2%, as BHP Billiton /zigman2/quotes/201448516/delayed AU:BHP +1.31%   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 +0.05%   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 +0.78%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.32%   and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.32%   all posted solid gains.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,029.57
+276.20 +1.00%
Volume: 0.00
Dec. 3, 2021 3:15p
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/zigman2/quotes/204923990/delayed
JP : Japan: Tokyo
¥ 3,294.00
+22.00 +0.67%
Volume: 4.43M
Dec. 3, 2021 3:00p
P/E Ratio
11.68
Dividend Yield
3.79%
Market Cap
¥7352.34 billion
Rev. per Employee
¥112.27M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,559.00
-40.00 -0.71%
Volume: 25.52M
Dec. 3, 2021 3:00p
P/E Ratio
3.33
Dividend Yield
0.00%
Market Cap
¥9591.72 billion
Rev. per Employee
¥202.77M
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/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 1,254.50
+15.50 +1.25%
Volume: 5.75M
Dec. 3, 2021 3:00p
P/E Ratio
10.88
Dividend Yield
1.99%
Market Cap
¥2891.53 billion
Rev. per Employee
¥27.51M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
23,766.69
-22.24 -0.09%
Volume: 2.72M
Dec. 3, 2021 4:08p
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 161.84
-1.92 -1.17%
Volume: 118.02M
Dec. 3, 2021 4:00p
P/E Ratio
28.86
Dividend Yield
0.54%
Market Cap
$2686.71 billion
Rev. per Employee
$2.38M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 235.20
+6.00 +2.62%
Volume: 6.48M
Dec. 3, 2021 4:08p
P/E Ratio
37.86
Dividend Yield
0.45%
Market Cap
$250.83 billion
Rev. per Employee
$1.75M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 33.50
+0.45 +1.36%
Volume: 6.93M
Dec. 3, 2021 4:08p
P/E Ratio
16.44
Dividend Yield
1.19%
Market Cap
$39.94 billion
Rev. per Employee
$570,931
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/zigman2/quotes/201681083/delayed
HK : Hong Kong
$ 7.06
-0.05 -0.70%
Volume: 28.30M
Dec. 3, 2021 4:08p
P/E Ratio
3.75
Dividend Yield
7.96%
Market Cap
$162.63 billion
Rev. per Employee
$5.54M
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/zigman2/quotes/205731176/delayed
HK : Hong Kong
$ 18.70
+0.06 +0.32%
Volume: 16.58M
Dec. 3, 2021 4:08p
P/E Ratio
3.98
Dividend Yield
6.31%
Market Cap
$204.01 billion
Rev. per Employee
$34.63M
loading...
/zigman2/quotes/204954538/delayed
HK : Hong Kong
$ 75.45
-0.70 -0.92%
Volume: 5.89M
Dec. 3, 2021 4:08p
P/E Ratio
18.95
Dividend Yield
4.11%
Market Cap
$192.39 billion
Rev. per Employee
$9.87M
loading...
/zigman2/quotes/201496043/delayed
HK : Hong Kong
$ 47.15
+0.15 +0.32%
Volume: 3.05M
Dec. 3, 2021 4:08p
P/E Ratio
15.78
Dividend Yield
5.98%
Market Cap
$100.31 billion
Rev. per Employee
$97.69M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,607.43
+33.60 +0.94%
Volume: 37.76B
Dec. 3, 2021 3:02p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,526.38
+17.93 +0.71%
Volume: 43.40B
Dec. 3, 2021 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,241.20
+16.00 +0.22%
Volume: 631,364
Dec. 3, 2021 5:19p
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 40.23
+0.52 +1.31%
Volume: 9.33M
Dec. 3, 2021 4:10p
P/E Ratio
13.60
Dividend Yield
10.01%
Market Cap
$200.25 billion
Rev. per Employee
N/A
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/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,676.50
+6.26 +0.05%
Volume: 0.00
Dec. 3, 2021 5:01p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,968.33
+23.06 +0.78%
Volume: 486,749
Dec. 3, 2021 3:30p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,101.93
+9.82 +0.32%
Volume: 0.00
Dec. 3, 2021 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,501.74
+4.81 +0.32%
Volume: 0.00
Dec. 2, 2021 5:05p
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