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June 5, 2019, 9:18 a.m. EDT

Nikkei leads Asian-market gains following Wall Street’s rally

Stocks in Japan, Hong Kong bounce back on rising hopes of Fed rate cute

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By Marketwatch and Associated Press


Getty Images/iStockphoto
A bullet train speeds past Jaoan’s Mount Fuji.

Asian markets advanced Wednesday following strong gains on Wall Street.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.04%  , S&P 500 /zigman2/quotes/210599714/realtime SPX +0.24%   and Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.43%   all rose more than 2% on Tuesday, spurred by comments by Federal Reserve Chairman Jerome Powell that left the door open to an interest-rate cut.

While there was no major news on the U.S.-China trade front, Reuters reported U.S. Treasury Secretary Steve Mnuchin will meet with Yi Gang, governor of the People’s Bank of China, on the sidelines of the G-20 summit in Japan this weekend. It will be the first face-to-face meeting between high-level members of the two countries’ trade-negotiation teams since talks stalled in early May.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.25% closed up 1.8%, while Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.10%   gained 0.5%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.15%   was flat, along with the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.09% . South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.54%   advanced 0.1%, and Taiwan’s Taiex /zigman2/quotes/210597977/delayed TW:Y9999 +0.56%   gained 0.3%.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.69%   closed up 0.4%. Data showed growth in Australia cooled to its slowest annual pace in almost a decade.

Among individual stocks, robotics maker Fanuc /zigman2/quotes/202054799/delayed JP:6954 +0.83%   surged in Tokyo trading, along with SoftBank /zigman2/quotes/207303954/delayed JP:9984 +2.02%   and Nintendo  . In Hong Kong, Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +1.05%  , CNOOC /zigman2/quotes/203421416/delayed HK:883 +1.16%   and AIA /zigman2/quotes/203565558/delayed HK:1299 -1.56%   posted strong gains. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.31%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.49%   advanced in South Korea and Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 0.00%   rose in Taipei trading. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.54%   and Westpac /zigman2/quotes/203084975/delayed AU:WBC +0.78%   gained in Australia.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
24,465.16
-8.96 -0.04%
Volume: 255.66M
May 22, 2020 5:09p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,955.45
+6.94 +0.24%
Volume: 2.19B
May 22, 2020 5:09p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,324.59
+39.71 +0.43%
Volume: 3.40M
May 22, 2020 5:16p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
21,000.29
+258.64 +1.25%
Volume: 0.00
May 26, 2020 9:16a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,952.24
+22.10 +0.10%
Volume: 1.77M
May 25, 2020 4:09p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,817.97
+4.20 +0.15%
Volume: 17.29B
May 25, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,750.82
-1.59 -0.09%
Volume: 24.16B
May 25, 2020 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,005.47
+10.87 +0.54%
Volume: 114,650
May 26, 2020 9:16a
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
10,871.18
+60.03 +0.56%
Volume: 0.00
May 25, 2020 1:33p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,654.40
+38.80 +0.69%
Volume: 76,011
May 26, 2020 10:15a
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/zigman2/quotes/202054799/delayed
JP : Japan: Tokyo
¥ 18,315.00
+150.00 +0.83%
Volume: 69,600
May 26, 2020 9:15a
P/E Ratio
47.97
Dividend Yield
N/A
Market Cap
¥3438.48 billion
Rev. per Employee
¥95.87M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,700.00
+93.00 +2.02%
Volume: 3.04M
May 26, 2020 9:16a
P/E Ratio
31.53
Dividend Yield
0.94%
Market Cap
¥9527.24 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 106.10
+1.10 +1.05%
Volume: 7.88M
May 25, 2020 4:09p
P/E Ratio
25.82
Dividend Yield
0.76%
Market Cap
HK$115.17 billion
Rev. per Employee
HK$1.08M
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 8.72
+0.10 +1.16%
Volume: 50.61M
May 25, 2020 4:09p
P/E Ratio
5.62
Dividend Yield
8.94%
Market Cap
HK$384.86 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 63.00
-1.00 -1.56%
Volume: 83.74M
May 25, 2020 4:09p
P/E Ratio
14.60
Dividend Yield
2.01%
Market Cap
HK$771.22 billion
Rev. per Employee
HK$12.98M
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
48,700.00
-150.00 -0.31%
Volume: 1.27M
May 26, 2020 9:16a
P/E Ratio
15.54
Dividend Yield
2.91%
Market Cap
₩331143.00 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
81,000.00
-400.00 -0.49%
Volume: 402,626
May 26, 2020 9:16a
P/E Ratio
35.55
Dividend Yield
1.23%
Market Cap
₩55609.30 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 292.00
0.00 0.00%
Volume: 26.80M
May 25, 2020 1:30p
P/E Ratio
18.89
Dividend Yield
3.42%
Market Cap
NT$7571.68 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.65
+0.03 +1.54%
Volume: 1.02M
May 26, 2020 10:15a
P/E Ratio
6.56
Dividend Yield
1.22%
Market Cap
$3.60 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 15.45
+0.12 +0.78%
Volume: 419,665
May 26, 2020 10:16a
P/E Ratio
11.61
Dividend Yield
11.26%
Market Cap
$54.12 billion
Rev. per Employee
$1.09M
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