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June 6, 2018, 7:29 a.m. EDT

Nikkei makes up early losses to lead Asian stock markets mostly higher

Export-makers get lift in Japan; mining companies gain in Australia

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By Dow Jones Newswire


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Stocks were largely calm in Tokyo on Wednesday.

Asia-Pacific stocks put up mild gains Wednesday, led by a turn higher for Japanese stocks following muted moves in the U.S. and a steady yen, while Australia’s benchmark also rebounded.

The Nikkei /zigman2/quotes/210597971/delayed JP:NIK -2.13%   turned slightly higher after a soggy start, to post four gains in the past five days. Some profit-taking was underway after this week’s gains were being balanced out by the dollar-yen hitting session highs of ¥109.93. That helped automakers, which jumped to start the week. Toyota /zigman2/quotes/203803129/delayed JP:7203 -2.13%    was up 1.7%. Other export-related names also saw a lift, with Sony /zigman2/quotes/201361720/delayed JP:6758 -3.89%   climbing 2.7% and Hitachi /zigman2/quotes/203839937/delayed JP:6501 -3.52%   up 3%.

In China, the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.11%  was up slightly after starting the day lower, dragged down by energy and financial names. Meanwhile, Shenzhen’s benchmark /zigman2/quotes/210598015/delayed CN:399106 +0.24%   was essentially flat after Tuesday’s outperformance. That came as Facebook confirmed it struck data partnerships with several Chinese electronics firms, including Huawei.

Australia’s S&P/ASX /zigman2/quotes/210598100/delayed AU:XJO -0.75%   was up 0.5%, with the materials sector jumping more than 1% as big miners BHP Billiton /zigman2/quotes/201448516/delayed AU:BHP -1.01%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -1.61%   were in rally mode, while New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR -2.03%   was up 0.6% to lock in a second straight record-high close. South Korea’s markets were closed for a holiday.

Singapore shares /zigman2/quotes/210597985/delayed SG:STI -0.19%   closed lower, failing to cash in on early gains tied to banking stocks. Hutchison Port /zigman2/quotes/203429374/delayed SG:NS8U 0.00%  continued its rebound, gaining a further 3.5%. Malaysian stocks /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.70%   advanced, while Taiwan’s Taiex   jumped about 0.9%.

/zigman2/quotes/210597971/delayed
JP : Nikkei
21,948.23
-477.96 -2.13%
Volume: 0.00
Feb. 27, 2020 3:15p
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/zigman2/quotes/203803129/delayed
JP : Japan: Tokyo
¥ 7,384.00
-161.00 -2.13%
Volume: 8.85M
Feb. 27, 2020 3:00p
P/E Ratio
8.54
Dividend Yield
2.98%
Market Cap
¥21330.90 billion
Rev. per Employee
¥81.43M
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/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,877.00
-278.00 -3.89%
Volume: 10.84M
Feb. 27, 2020 3:00p
P/E Ratio
13.25
Dividend Yield
0.65%
Market Cap
¥8775.52 billion
Rev. per Employee
¥72.37M
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/zigman2/quotes/203839937/delayed
JP : Japan: Tokyo
¥ 3,862.00
-141.00 -3.52%
Volume: 5.13M
Feb. 27, 2020 3:00p
P/E Ratio
19.16
Dividend Yield
2.33%
Market Cap
¥3867.85 billion
Rev. per Employee
¥30.84M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,991.33
+3.40 +0.11%
Volume: 35.05B
Feb. 27, 2020 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,895.13
+4.53 +0.24%
Volume: 55.17B
Feb. 27, 2020 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,657.90
-50.20 -0.75%
Volume: 50,310
Feb. 28, 2020 8:05a
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 35.19
-0.36 -1.01%
Volume: 2.63M
Feb. 27, 2020 4:10p
P/E Ratio
13.17
Dividend Yield
6.18%
Market Cap
$179.77 billion
Rev. per Employee
N/A
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/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 90.41
-1.48 -1.61%
Volume: 1.79M
Feb. 27, 2020 4:10p
P/E Ratio
12.89
Dividend Yield
9.92%
Market Cap
$149.27 billion
Rev. per Employee
$1.14M
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/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,205.04
-232.13 -2.03%
Volume: 0.00
Feb. 28, 2020 10:11a
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,111.70
-5.82 -0.19%
Volume: 0.00
Feb. 27, 2020 5:20p
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/zigman2/quotes/203429374/delayed
SG : Singapore: SGX
$ 0.15
0.00 0.00%
Volume: 5.26M
Feb. 27, 2020 5:04p
P/E Ratio
19.48
Dividend Yield
9.35%
Market Cap
$1.31 billion
Rev. per Employee
N/A
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,505.59
+10.40 +0.70%
Volume: 0.00
Feb. 27, 2020 5:05p
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