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May 23, 2018, 6:57 a.m. EDT

Nikkei leads Asian-market losses as investors’ geopolitical worries grow

Nikkei, Hang Seng fall more than 1%; Santos shares plunge in Australia

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By Mike Murphy


AFP/Getty Images
Concerns about trade and North Korea hit Tokyo trading.

Japan’s Nikkei slumped more than 1% Wednesday, as Asian stock markets pulled back amid new uncertainty about trade tensions between the U.S. and China and the possibility that the summit between President Donald Trump and North Korean leader Kim Jong Un may be delayed.

The Nikkei /zigman2/quotes/210597971/delayed JP:NIK -3.67%   fell to its lowest point since May 11 in midmorning trading as the yen rose. The yen is seen as a safe haven for investors during times of stock tumult. The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -1.3670%    slid to ¥109.56 at one point after trading above ¥111 in New York late Tuesday.

Earlier Tuesday, President Donald Trump said he was “not really” happy with trade negotiations with China, and warned that the summit with North Korea “may not work out for June 12.”

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -2.42%  fell around 1.8%, with the energy and financial sectors leading the losses. Insurer AIA Group Ltd. /zigman2/quotes/203565558/delayed HK:1299 -1.60%   sank 3.6% a day after surging more than 3%. In mainland China, the Shanghai /zigman2/quotes/210598127/delayed CN:SHCOMP -3.71%   and Shenzhen /zigman2/quotes/210598015/delayed CN:399106 -4.93%   composite indexes were down slightly. South Korea’s Kospi was about flat, as tech giants Samsung Electronics /zigman2/quotes/209800866/delayed KR:005930 -3.04%   and SK Hynix Inc /zigman2/quotes/206420319/delayed KR:000660 -5.28%   jumped. Stocks in Taiwan   and Singapore /zigman2/quotes/210597985/delayed SG:STI -3.23%   fell.

Energy stocks dragged down Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -3.25%  , with the sector down more than 2.5%, on pace for its worst day since 2016. Santos Ltd. /zigman2/quotes/207349564/delayed AU:STO -2.57%   plummeted 8%, while Oil Search Limited /zigman2/quotes/204702973/delayed AU:OSH -3.35%   and Woodside Petroleum Ltd. /zigman2/quotes/203437212/delayed AU:WPL -3.46%   each fell more than 1%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,142.96
-805.27 -3.67%
Volume: 0.00
Feb. 28, 2020 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
108.0890
-1.4980 -1.3670%
Volume: 0.0000
Feb. 28, 2020 4:59p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,129.93
-648.69 -2.42%
Volume: 3.19M
Feb. 28, 2020 4:09p
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/zigman2/quotes/203565558/delayed
HK : Hong Kong
HK$ 76.90
-1.25 -1.60%
Volume: 41.50M
Feb. 28, 2020 4:08p
P/E Ratio
24.50
Dividend Yield
1.54%
Market Cap
HK$926.46 billion
Rev. per Employee
HK$12.98M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,880.30
-111.03 -3.71%
Volume: 40.12B
Feb. 28, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,801.75
-93.39 -4.93%
Volume: 61.09B
Feb. 28, 2020 3:00p
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
54,200.00
-1,700 -3.04%
Volume: 30.05M
Feb. 28, 2020 3:30p
P/E Ratio
17.12
Dividend Yield
2.61%
Market Cap
₩368163.00 billion
Rev. per Employee
N/A
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/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
87,900.00
-4,900 -5.28%
Volume: 8.17M
Feb. 28, 2020 3:30p
P/E Ratio
29.87
Dividend Yield
1.14%
Market Cap
₩60123.70 billion
Rev. per Employee
N/A
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,011.08
-100.62 -3.23%
Volume: 0.00
Feb. 28, 2020 5:20p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,441.20
-216.70 -3.25%
Volume: 1.52M
Feb. 28, 2020 5:29p
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/zigman2/quotes/207349564/delayed
AU : Australia: Sydney
$ 6.83
-0.18 -2.57%
Volume: 15.80M
Feb. 28, 2020 4:10p
P/E Ratio
14.82
Dividend Yield
2.41%
Market Cap
$14.19 billion
Rev. per Employee
$2.29M
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/zigman2/quotes/204702973/delayed
AU : Australia: Sydney
$ 5.49
-0.19 -3.35%
Volume: 17.58M
Feb. 28, 2020 4:10p
P/E Ratio
18.71
Dividend Yield
2.68%
Market Cap
$8.37 billion
Rev. per Employee
$1.46M
loading...
/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 27.92
-1.00 -3.46%
Volume: 8.16M
Feb. 28, 2020 4:10p
P/E Ratio
54.01
Dividend Yield
4.88%
Market Cap
$26.25 billion
Rev. per Employee
$1.92M
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