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Nov. 27, 2018, 6:38 a.m. EST

Asian markets cool off as investors await Trump-Xi meeting

Nikkei firm but gives up session highs, Hang Seng sluggish

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By Dow Jones Newswires


AFP/Getty Images
Workers check inflatable snowmen for export at a factory in Huaibei, China.

Asia-Pacific stock markets largely cooled Tuesday as the previous day’s global gains appear to have stalled ahead of a weekend meeting between President Donald Trump and China’s President Xi Jinping over trade.

Read: China opens doors to foreign business ahead of G-20 summit

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.04%  rose 0.6%. Panasonic /zigman2/quotes/201785256/delayed JP:6752 +0.57%   was up 2.7% and Renesas Electronics /zigman2/quotes/203872935/delayed JP:6723 -0.78%   climbed 2% amid hopes for a strong U.S. holiday-shopping season. But so-called domestic-demand stocks that had recently attracted buying amid global-growth concerns were down. Pharmaceuticals and utilities were the two worst-performing sectors, as the dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.1836%   was around ¥113.46, versus ¥113.21 as of Monday’s Tokyo stock market close.

Hong Kong‘s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -4.13%  firmed early on but finished down nearly 0.2%, with property stocks weak after Monday’s gains. Energy was also lagging with oil prices sliding, though tech names were up modestly; Cnooc /zigman2/quotes/203421416/delayed HK:883 -2.60%   was off 2% while Tencent /zigman2/quotes/204605823/delayed HK:700 -7.72%   rose nearly 2%. Meanwhile, Tingyi shares /zigman2/quotes/208969648/delayed HK:322 -2.17%   logged one of its worst days ever as the China-based instant noodle/beverage maker reported what analysts at Jefferies call an unexpected revenue drop last quarter.

Chinese stocks were higher, led by small caps. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -2.34%   started firmer but ended down less than 0.1%, versus a 0.4% gain for the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -2.28%  . Tech companies were doing well after recent weakness, and oil names were up after Monday’s slump.

Australia’s benchmark /zigman2/quotes/210598100/delayed AU:XJO -0.0014%   rose 1% as energy companies gained. New Zealand stocks /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.50%   were up slightly as well.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.91%   rose as Hyundai Motor /zigman2/quotes/206684590/delayed KR:005380 -0.44%   jumped about 6%. Taiwan’s Taiex   slipped initially as Foxconn /zigman2/quotes/204111604/delayed TW:2354 +0.80%  fell nearly 1% but the main index finished in the green. Singapore’s benchmark index /zigman2/quotes/210597985/delayed SG:STI -0.57%   was about flat.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,833.29
+285.29 +1.04%
Volume: 0.00
July 26, 2021 3:15p
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/zigman2/quotes/201785256/delayed
JP : Japan: Tokyo
¥ 1,320.50
+7.50 +0.57%
Volume: 5.89M
July 26, 2021 3:00p
P/E Ratio
18.67
Dividend Yield
1.51%
Market Cap
¥3064.05 billion
Rev. per Employee
¥27.51M
loading...
/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 1,147.00
-9.00 -0.78%
Volume: 10.62M
July 26, 2021 3:00p
P/E Ratio
42.07
Dividend Yield
N/A
Market Cap
¥2233.65 billion
Rev. per Employee
¥38.16M
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
110.3460
-0.2030 -0.1836%
Volume: 0.0000
July 26, 2021 8:13a
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,192.32
-1,130 -4.13%
Volume: 2.70M
July 26, 2021 4:08p
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
$ 7.88
-0.21 -2.60%
Volume: 121.31M
July 26, 2021 4:08p
P/E Ratio
12.51
Dividend Yield
5.71%
Market Cap
$361.20 billion
Rev. per Employee
$9.51M
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 490.00
-41.00 -7.72%
Volume: 82.29M
July 26, 2021 4:08p
P/E Ratio
23.07
Dividend Yield
0.33%
Market Cap
$5039.74 billion
Rev. per Employee
$10.55M
loading...
/zigman2/quotes/208969648/delayed
HK : Hong Kong
$ 14.46
-0.32 -2.17%
Volume: 3.72M
July 26, 2021 4:08p
P/E Ratio
17.89
Dividend Yield
5.94%
Market Cap
$83.17 billion
Rev. per Employee
$1.25M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,467.44
-82.96 -2.34%
Volume: 44.29B
July 26, 2021 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,411.81
-56.33 -2.28%
Volume: 51.18B
July 26, 2021 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,394.30
-0.10 -0.0014%
Volume: 548,085
July 26, 2021 5:33p
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/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,673.23
-63.09 -0.50%
Volume: 0.00
July 26, 2021 5:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,224.95
-29.47 -0.91%
Volume: 826,066
July 26, 2021 3:30p
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/zigman2/quotes/206684590/delayed
KR : S. Korea: KRX
224,500
-1,000 -0.44%
Volume: 719,330
July 26, 2021 3:30p
P/E Ratio
25.53
Dividend Yield
1.78%
Market Cap
₩51704.56 billion
Rev. per Employee
₩1.45B
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/zigman2/quotes/204111604/delayed
TW : Taiwan
NT$ 63.10
+0.50 +0.80%
Volume: 9.28M
July 26, 2021 1:30p
P/E Ratio
17.19
Dividend Yield
2.85%
Market Cap
NT$88.55 billion
Rev. per Employee
N/A
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,138.97
-18.08 -0.57%
Volume: 0.00
July 26, 2021 5:20p
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