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Oct. 1, 2018, 7:14 a.m. EDT

Japan’s Nikkei rises as dollar hits 11-month high against yen

Markets in China, Hong Kong closed for holidays

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By Dow Jones Newswire


Reuters
The dollar continued to gain against Japan’s yen.

Asian stock markets were mixed Monday, with markets in China starting a weeklong holiday and Hong Kong closed, leaving equities to trade on local factors over broader themes.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.78%   was up 0.5% as the dollar continues to push higher against the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0465%  , hitting levels not seen since last November, and helping Japan’s exporters. Drug, consumer and some electronic stocks led the gains, with drug maker Shionogi /zigman2/quotes/202489631/delayed JP:4507 -1.27%   up 1.5% and chip maker Tokyo Electron /zigman2/quotes/202883609/delayed JP:8035 -0.43%   up around 2%. Despite the currency moves, auto-maker stocks were weaker, as Subaru /zigman2/quotes/203522406/delayed JP:7270 -1.55%   slumped 2%.

Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.24%   quickly gave up initial gains and ended just in the red, with Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.75%  down 0.2%, off its worst levels of the session by the close.

Following a modestly lower open, Australia’s stock benchmark took a decided turn lower as financials continued to give up the brief Friday afternoon surge seen following the release of the initial report on a misconduct probe of the banking sector. Westpac /zigman2/quotes/203084975/delayed AU:WBC -1.76%  , which before the report estimated A$235 million ($170 million) of earnings-related impacts from anticipated customer refunds, was down 1.5% to log the biggest drop among Australia’s big four. The ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.54%   fell as much as 0.7% but closed off nearly 0.6%.

Most other Asian markets, such as Taiwan  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.36%   and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.54%  managed slim gains.

/zigman2/quotes/210597971/delayed
JP : Nikkei
22,438.65
-176.04 -0.78%
Volume: 0.00
July 8, 2020 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.4660
-0.0500 -0.0465%
Volume: 0.0000
July 8, 2020 3:38a
loading...
/zigman2/quotes/202489631/delayed
JP : Japan: Tokyo
¥ 6,286.00
-81.00 -1.27%
Volume: 1.09M
July 8, 2020 3:00p
P/E Ratio
16.02
Dividend Yield
1.69%
Market Cap
¥1944.98 billion
Rev. per Employee
¥67.69M
loading...
/zigman2/quotes/202883609/delayed
JP : Japan: Tokyo
¥ 29,810.00
-130.00 -0.43%
Volume: 1.48M
July 8, 2020 3:00p
P/E Ratio
25.61
Dividend Yield
2.21%
Market Cap
¥4588.00 billion
Rev. per Employee
¥110.09M
loading...
/zigman2/quotes/203522406/delayed
JP : Japan: Tokyo
¥ 2,222.00
-35.00 -1.55%
Volume: 1.95M
July 8, 2020 3:00p
P/E Ratio
11.17
Dividend Yield
4.50%
Market Cap
¥1762.91 billion
Rev. per Employee
¥95.93M
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,158.88
-5.29 -0.24%
Volume: 670,044
July 8, 2020 3:30p
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
53,000.00
-400.00 -0.75%
Volume: 19.42M
July 8, 2020 3:30p
P/E Ratio
16.91
Dividend Yield
2.67%
Market Cap
₩367795.50 billion
Rev. per Employee
N/A
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/zigman2/quotes/203084975/delayed
AU : Australia: Sydney
$ 17.84
-0.32 -1.76%
Volume: 10.08M
July 8, 2020 4:10p
P/E Ratio
13.40
Dividend Yield
9.75%
Market Cap
$66.53 billion
Rev. per Employee
$1.09M
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,920.30
-92.60 -1.54%
Volume: 777,765
July 8, 2020 5:14p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,671.05
+9.63 +0.36%
Volume: 0.00
July 8, 2020 3:23p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,575.12
+8.40 +0.54%
Volume: 0.00
July 8, 2020 3:23p
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