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Sept. 15, 2021, 11:42 p.m. EDT

Asian markets dip lower on lackluster data from China, Japan

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By Associated Press

Stocks were mostly lower in Asia on Thursday after Japan and China released data that were weaker than expected.

Tokyo’s Nikkei 225 index /zigman2/quotes/210597971/delayed JP:NIK +1.78% dropped 0.6% while the Hang Seng /zigman2/quotes/210598030/delayed HK:HSI -0.28% in Hong Kong declined 1.3%. The Shanghai Composite index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.05% gave up 0.6% and the Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.86% in Seoul lost 0.7%.

Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.03% gained 0.7%. Shares fell in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.71% but rose in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.07% , while Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.57% was flat.

Japan reported that its exports rose 26.2% in August from a year earlier, but that was well below forecasts for a rise of about 34.0%, Marcel Thieliant of Capital Economics said in a commentary.

Relative weakness in vehicle exports might reflect shortages of semiconductors and other components that have prompted some manufacturers to cut output, he noted.

China reported its retail sales grew an anemic 2.5% in August, down from 8.5% in July, while factory output slowed to 5.3% from 6.4% the month before.

It was the slowest growth in output since May 2020.

“Yesterday’s China data were a real shock,” RaboResearch Global Economics & Markets said in a report. “This is hardly what one calls a robust consumer recovery,” it said.

Casino stocks slumped following reports of a possible crackdown on the industry by Chinese officials in Macau, the former Portuguese colony and gambling center. Sands China /zigman2/quotes/207609245/delayed HK:1928 +4.42% and Wynn Macau /zigman2/quotes/200973447/delayed HK:1128 +3.24% sank in Hong Kong trading following Wednesday losses by Wynn Resorts /zigman2/quotes/208845907/composite WYNN +1.48% , which fell 6.3% for the biggest drop in the S&P 500, while MGM Resorts /zigman2/quotes/209932643/composite MGM +0.25% fell 2.5% and Las Vegas Sands /zigman2/quotes/208792014/composite LVS -0.03% slid 1.7%.

On Wednesday, energy and technology companies helped lift stocks on Wall Street broadly higher, reversing the market’s pullback from a day earlier.

The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.47% rose 0.8% to 4,480.70 after another day of choppy trading. It was the biggest daily gain for the benchmark index since late August and it put the S&P 500 on pace to close the week higher.

The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.18% gained 0.7% to 34,814.39. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +0.90% added 0.8% to 15,161.53.

The yield on the 10-year Treasury was steady at 1.30%. Higher yields benefit banks, which can in turn charge more lucrative interest rates on loans. Citigroup rose 2.4% and Capital One Financial gained 2.9%.

On Thursday, benchmark U.S. crude oil was up 20 cents more, at $72.81 per barrel. Brent crude , the standard for international pricing, gained 21 cents to $75.67 per barrel.

Wall Street will get get more information on jobs and consumer spending on Thursday when the Labor Department releases its weekly report on unemployment benefits and the Commerce Department releases retail sales data for August.

In currency trading, the dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.2163% slipped to 109.26 Japanese yen from 109.38 yen late Wednesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
29,109.17
+508.76 +1.78%
Volume: 0.00
Oct. 26, 2021 2:03p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,058.05
-73.98 -0.28%
Volume: 725,507
Oct. 26, 2021 1:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,611.69
+1.83 +0.05%
Volume: 23.17B
Oct. 26, 2021 1:08p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,046.37
+25.83 +0.86%
Volume: 439,981
Oct. 26, 2021 2:03p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,443.30
+2.30 +0.03%
Volume: 416,854
Oct. 26, 2021 4:00p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
17,014.23
+119.99 +0.71%
Volume: 0.00
Oct. 26, 2021 1:03p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,199.71
-2.15 -0.07%
Volume: 0.00
Oct. 26, 2021 1:08p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,663.73
+38.04 +0.57%
Volume: 0.00
Oct. 26, 2021 11:30a
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/zigman2/quotes/207609245/delayed
HK : Hong Kong
$ 17.94
+0.76 +4.42%
Volume: 10.57M
Oct. 26, 2021 1:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$142.12 billion
Rev. per Employee
$305,069
loading...
/zigman2/quotes/200973447/delayed
HK : Hong Kong
$ 7.33
+0.23 +3.24%
Volume: 5.15M
Oct. 26, 2021 1:07p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$37.48 billion
Rev. per Employee
$321,797
loading...
/zigman2/quotes/208845907/composite
US : U.S.: Nasdaq
$ 90.42
+1.32 +1.48%
Volume: 2.67M
Oct. 25, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$10.31 billion
Rev. per Employee
$76,213
loading...
/zigman2/quotes/209932643/composite
US : U.S.: NYSE
$ 48.15
+0.12 +0.25%
Volume: 3.09M
Oct. 25, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.02%
Market Cap
$23.14 billion
Rev. per Employee
$122,907
loading...
/zigman2/quotes/208792014/composite
US : U.S.: NYSE
$ 37.99
-0.01 -0.03%
Volume: 7.05M
Oct. 25, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$29.03 billion
Rev. per Employee
$78,522
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,566.48
+21.58 +0.47%
Volume: 1.85B
Oct. 25, 2021 5:26p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,741.15
+64.13 +0.18%
Volume: 270.41M
Oct. 25, 2021 5:26p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,226.71
+136.51 +0.90%
Volume: 5.22M
Oct. 25, 2021 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
113.9550
+0.2460 +0.2163%
Volume: 0.0000
Oct. 26, 2021 1:23a
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