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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 +1.73% 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 +0.0139% has rebounded since Friday. Sharp /zigman2/quotes/203224600/delayed JP:6753 +1.61% fell more than 5% and Renesas /zigman2/quotes/203872935/delayed JP:6723 +2.56% 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 +0.10% was down 0.1%, notching its second six-day losing streak in a month. Tencent /zigman2/quotes/204605823/delayed HK:700 +1.02% hit a 15-month lows in dropping more than 1%. Meanwhile, auto maker Geely /zigman2/quotes/200716015/delayed HK:175 +1.18% skidded 5.2% after its September sales report. But oil heavyweight CNOOC /zigman2/quotes/203421416/delayed HK:883 +1.16%  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 +0.15% rose nearly 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.09% declined 0.1%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +2.16% slipped 1%, dragged by financial stocks such as Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA +0.49% . New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +1.06% fell almost as much.

Singapore’s stock benchmark /zigman2/quotes/210597985/delayed SG:STI -2.17% hit a three-week low while Malaysia’s benchmark /zigman2/quotes/210598052/delayed MY:FBMKLCI -1.06% slipped slightly as well. Taiwan’s Taiex gained a bit. South Korean markets were closed for a holiday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
20,741.65
+353.49 +1.73%
Volume: 0.00
May 25, 2020 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.7130
+0.0150 +0.0139%
Volume: 0.0000
May 25, 2020 5:53p
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/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,135.00
+18.00 +1.61%
Volume: 1.54M
May 25, 2020 3:00p
P/E Ratio
36.57
Dividend Yield
1.59%
Market Cap
¥682.31 billion
Rev. per Employee
¥50.23M
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/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 560.00
+14.00 +2.56%
Volume: 6.76M
May 25, 2020 3:00p
P/E Ratio
63.35
Dividend Yield
N/A
Market Cap
¥934.72 billion
Rev. per Employee
¥36.92M
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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
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
HK$ 416.60
+4.20 +1.02%
Volume: 19.95M
May 25, 2020 4:09p
P/E Ratio
37.51
Dividend Yield
0.29%
Market Cap
HK$3905.61 billion
Rev. per Employee
HK$8.27M
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 12.04
+0.14 +1.18%
Volume: 28.79M
May 25, 2020 4:09p
P/E Ratio
11.90
Dividend Yield
2.08%
Market Cap
HK$109.63 billion
Rev. per Employee
HK$3.04M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
HK$ 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/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
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,615.60
+118.60 +2.16%
Volume: 65.00
May 26, 2020 7:06a
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/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 58.99
+0.29 +0.49%
Volume: 3.31M
May 25, 2020 4:10p
P/E Ratio
10.86
Dividend Yield
7.31%
Market Cap
$103.87 billion
Rev. per Employee
$919,022
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
10,775.80
+113.17 +1.06%
Volume: 0.00
May 25, 2020 5:00p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,499.83
-55.51 -2.17%
Volume: 0.00
May 22, 2020 5:20p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,436.76
-15.35 -1.06%
Volume: 0.00
May 22, 2020 5:05p
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