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Oct. 9, 2018, 6:31 a.m. EDT

Nikkei slips, but Chinese stocks bounce back after Monday’s plunge

Hang Seng logs 6th straight day of losses

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By Dow Jones Newswire


AFP/Getty Images
China's Xu Han, left, grabs a rebound against Australia.

Asian markets were mixed Tuesday, with Chinese equities rising while Japanese stock markets, back from a holiday, declined.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.23% dropped 1.3%, though analysts said that was mostly a catch-up reaction to Monday’s widespread regional declines that took place while Japanese markets were closed for a holiday. Electronics were among the biggest decliners as concerns over U.S.-China trade tensions continue to grow and as the yen /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0157% has rebounded since Friday. Sharp /zigman2/quotes/203224600/delayed JP:6753 +0.12% fell more than 5% and Renesas /zigman2/quotes/203872935/delayed JP:6723 +1.26% was down 4.6% amid broad selling. Financials have fallen less, with bond yields remaining up. The 10-year JGB was up a 0.9 basis point at 0.154%.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +1.07% was down 0.1%, notching its second six-day losing streak in a month. Tencent /zigman2/quotes/204605823/delayed HK:700 +1.70% hit a 15-month lows in dropping more than 1%. Meanwhile, auto maker Geely /zigman2/quotes/200716015/delayed HK:175 +1.19% skidded 5.2% after its September sales report. But oil heavyweight CNOOC /zigman2/quotes/203421416/delayed HK:883 0.00%  climbed 2%.

Chinese stocks were mixed after Monday’s steep 4% slides left indexes there near multiyear lows. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.43% rose nearly 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.82% declined 0.1%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.36% slipped 1%, dragged by financial stocks such as Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA +0.47% . New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +0.16% fell almost as much.

Singapore’s stock benchmark /zigman2/quotes/210597985/delayed SG:STI +0.65% hit a three-week low while Malaysia’s benchmark /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.31% slipped slightly as well. Taiwan’s Taiex gained a bit. South Korean markets were closed for a holiday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
23,354.40
+54.31 +0.23%
Volume: 0.00
Dec. 6, 2019 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
108.6050
+0.0170 +0.0157%
Volume: 0.0000
Dec. 6, 2019 4:59p
loading...
/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,668.00
+2.00 +0.12%
Volume: 1.43M
Dec. 6, 2019 3:00p
P/E Ratio
17.61
Dividend Yield
1.50%
Market Cap
¥1018.89 billion
Rev. per Employee
¥50.23M
loading...
/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 725.00
+9.00 +1.26%
Volume: 6.29M
Dec. 6, 2019 3:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
¥1237.88 billion
Rev. per Employee
¥36.92M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,498.37
+281.33 +1.07%
Volume: 1.64M
Dec. 6, 2019 4:08p
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 335.60
+5.60 +1.70%
Volume: 15.64M
Dec. 6, 2019 4:08p
P/E Ratio
32.71
Dividend Yield
0.30%
Market Cap
HK$3180.14 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 15.36
+0.18 +1.19%
Volume: 33.55M
Dec. 6, 2019 4:08p
P/E Ratio
12.38
Dividend Yield
2.28%
Market Cap
HK$140.48 billion
Rev. per Employee
HK$3.04M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 11.30
0.00 0.00%
Volume: 45.35M
Dec. 6, 2019 4:08p
P/E Ratio
7.64
Dividend Yield
6.46%
Market Cap
HK$504.52 billion
Rev. per Employee
HK$13.96M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,912.01
+12.55 +0.43%
Volume: 13.41B
Dec. 6, 2019 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,640.33
+13.36 +0.82%
Volume: 22.84B
Dec. 6, 2019 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,707.00
+24.00 +0.36%
Volume: 459,318
Dec. 6, 2019 5:09p
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/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 78.99
+0.37 +0.47%
Volume: 2.33M
Dec. 6, 2019 4:10p
P/E Ratio
17.17
Dividend Yield
5.46%
Market Cap
$139.63 billion
Rev. per Employee
$919,022
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
11,276.20
+18.41 +0.16%
Volume: 0.00
Dec. 6, 2019 5:00p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,194.71
+20.52 +0.65%
Volume: 0.00
Dec. 6, 2019 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,568.44
+4.86 +0.31%
Volume: 0.00
Dec. 6, 2019 5:05p
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