Bulletin
Investor Alert

Asia Markets Archives | Email alerts

May 17, 2019, 9:19 a.m. EDT

Stocks gain in Japan, but trade tensions weigh on Hong Kong, mainland China

Sony leaps on buyback news

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)
  • X
    NIKKEI 225 Index (NIK)

or Cancel Already have a watchlist? Log In

By Marketwatch and Associated Press


Bloomberg News
Kenichiro Yoshida, CEO of Sony Corp., speaks in January. Sony shares jumped Friday after the company announced share buybacks and a deal with Microsoft.

Asian markets were mostly lower Friday, with stocks in Hong Kong and mainland China retreating amid ongoing trade tensions with the U.S.

An executive order by the Trump administration, aimed at banning Huawei equipment from U.S. networks, took effect on Thursday. The order also subjects the Chinese telecommunications giant to strict export controls. China has threatened to retaliate. It remains to be seen how the move will affect trade negotiations.

On Thursday, China’s Commerce Ministry said it had no knowledge of a resumption in trade talks, according to the Wall Street Journal , contradicting U.S. Treasury Secretary Steve Mnuchin, who said Wednesday that negotiations were likely to resume in Beijing “in the near future.”

A spokesman for the Commerce Ministry said this week’s escalation of tariffs on Chinese goods has “severely hampered” negotiations, the Journal reported. Comments also reportedly showed up on a social media account linked to China’s state-run Economic Daily newspaper. The blog on Taoron Notes said: “If there is no real concrete action by the United States, it will be meaningless for you to come and talk,” in reference to Mnuchin’s plan.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.74%   closed down 1.1%, and the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.22%   slid 2.5%. Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK -0.18%   rose 0.9%, but South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.05%   fell 0.7%. Taiwan’s Taiex  gave up 0.9%, and stocks declined in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.18%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.79%  . Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -1.63%  advanced 0.6%.

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 -0.15%   surged in Tokyo trading after announcing it would buy back $1.83 billion of its own stock. Earlier in the day, Sony also announced a partnership with Microsoft /zigman2/quotes/207732364/composite MSFT +1.02%   for artificial intelligence and direct-to-consumer entertainment. SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 +0.10%   and Honda /zigman2/quotes/200490352/delayed JP:7267 -3.93%   also rose. In Hong Kong, China Mobile /zigman2/quotes/200868736/delayed HK:941 0.00%   gained while Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 -0.78%   and food processor WH Group /zigman2/quotes/204247792/delayed HK:288 +4.21%   declined. Chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -2.86%   advanced in South Korea. In Australia, Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO -0.25%   and Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.25%   rose.

Benchmark U.S. crude   gained 33 cents to $63.20 a barrel in electronic trading on the New York Mercantile Exchange. It picked up 85 cents to $62.87 per barrel on Thursday. Brent crude  , the international standard, added 5 cent to $72.67 per barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0009%   fell to 109.62 Japanese yen from 109.85 yen late Thursday.

/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,961.47
-171.29 -0.74%
Volume: 3.62M
May 29, 2020 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
2,852.35
+6.13 +0.22%
Volume: 20.68B
May 29, 2020 3:01p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
21,877.89
-38.42 -0.18%
Volume: 0.00
May 29, 2020 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,029.60
+1.06 +0.05%
Volume: 1.09M
May 29, 2020 3:33p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
2,510.75
-4.49 -0.18%
Volume: 0.00
May 29, 2020 5:20p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
4,753.61
+37.43 +0.79%
Volume: 0.00
May 29, 2020 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
5,755.70
-95.40 -1.63%
Volume: 2.45M
May 29, 2020 5:16p
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 6,874.00
-10.00 -0.15%
Volume: 9.67M
May 29, 2020 3:00p
P/E Ratio
14.92
Dividend Yield
0.65%
Market Cap
¥8387.39 billion
Rev. per Employee
¥72.37M
loading...
/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 183.25
+1.85 +1.02%
Volume: 42.15M
May 29, 2020 4:00p
P/E Ratio
30.51
Dividend Yield
1.11%
Market Cap
$1389.67 billion
Rev. per Employee
$902,473
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 4,832.00
+5.00 +0.10%
Volume: 21.51M
May 29, 2020 3:00p
P/E Ratio
32.42
Dividend Yield
0.91%
Market Cap
¥9992.53 billion
Rev. per Employee
¥126.96M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 2,784.00
-114.00 -3.93%
Volume: 8.29M
May 29, 2020 3:00p
P/E Ratio
10.75
Dividend Yield
4.02%
Market Cap
¥4806.89 billion
Rev. per Employee
¥73.06M
loading...
/zigman2/quotes/200868736/delayed
HK : Hong Kong
HK$ 54.10
0.00 0.00%
Volume: 34.07M
May 29, 2020 4:08p
P/E Ratio
9.20
Dividend Yield
6.01%
Market Cap
HK$1107.72 billion
Rev. per Employee
HK$1.88M
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 102.40
-0.80 -0.78%
Volume: 8.93M
May 29, 2020 4:08p
P/E Ratio
24.92
Dividend Yield
0.79%
Market Cap
HK$112.32 billion
Rev. per Employee
HK$1.08M
loading...
/zigman2/quotes/204247792/delayed
HK : Hong Kong
HK$ 6.68
+0.27 +4.21%
Volume: 75.58M
May 29, 2020 4:08p
P/E Ratio
8.61
Dividend Yield
4.72%
Market Cap
HK$98.39 billion
Rev. per Employee
HK$1.61M
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
81,500.00
-2,400 -2.86%
Volume: 6.82M
May 29, 2020 3:30p
P/E Ratio
35.77
Dividend Yield
1.23%
Market Cap
₩55746.10 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 93.40
-0.23 -0.25%
Volume: 3.85M
May 29, 2020 4:10p
P/E Ratio
13.32
Dividend Yield
7.04%
Market Cap
$150.95 billion
Rev. per Employee
$1.14M
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.62
+0.02 +1.25%
Volume: 20.67M
May 29, 2020 4:10p
P/E Ratio
6.44
Dividend Yield
1.24%
Market Cap
$3.68 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
107.8050
+0.0010 +0.0009%
Volume: 0.0000
May 29, 2020 4:59p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.