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Nov. 14, 2018, 7:48 a.m. EST

Asian markets lag as oil stocks slip further

Nikkei up slightly, while Chinese indexes mixed

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By Dow Jones Newswires


Bloomberg News
The headquarters of Cnooc Ltd. in Beijing. Cnooc shares fell sharply Wednesday.

Asian stock markets posted modest losses Wednesday, after oil prices tumbled 7% Tuesday, marking their 12th straight session of losses and weighing on global energy stocks.

Crude prices   , now in a bear market, were trying for mild gains in early trading Wednesday.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +1.77%   traded up and down before a finish at up nearly 0.2%. The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.3966%   was at ¥113.92, versus ¥113.80 in late New York trade, while the 20-year bond yield was down a half-basis point at 0.64% following Tuesday’s drop in U.S. Treasury yields. Oil producer Inpex /zigman2/quotes/206689846/delayed JP:1605 +1.13%   fell 1.8%, while Japan Petroleum Exploration Co. /zigman2/quotes/201212147/delayed JP:1662 +1.96%   dropped 2.1%. On the positive side, SoftBank /zigman2/quotes/207303954/delayed JP:9984 +1.77%   jumped 4.7% and TDK /zigman2/quotes/208948266/delayed JP:6762 +4.02%   was up 3%.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.36%   was down 0.5% amid slides in mainland China oil heavyweights following crude’s slump. Cnooc /zigman2/quotes/203421416/delayed HK:883 -1.15%   was down 4.6% and Sinopec /zigman2/quotes/202085942/delayed HK:386 +0.52%   fell 2.2%. Meanwhile, Tencent /zigman2/quotes/204605823/delayed HK:700 -0.59%   was off 0.8% ahead of its after-the-bell third-quarter earnings report.

Chinese stock benchmarks were mixed early on but both fell by the close, with the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.34%   off 0.9% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -0.36%   down 0.4%. PetroChina /zigman2/quotes/206980083/delayed CN:601857 -1.02%   slid nearly 3% to hit three-month lows.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.03%  was down 1.7%, again dragged down by energy and financial stocks. Woodside Petroleum /zigman2/quotes/203437212/delayed AU:WPL -0.25%   was down 2.5%, as was Oil Search /zigman2/quotes/204702973/delayed AU:OSH -1.34%  fell 2.6%. New Zealand’s NZX-50 /zigman2/quotes/211587880/delayed NZ:NZ50GR -0.14%   was down 0.4%.

South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.94%  dropped slightly, while benchmark indexes in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.08%  and Taiwan   were mixed.

/zigman2/quotes/210597971/delayed
JP : Nikkei
29,106.01
+505.60 +1.77%
Volume: 0.00
Oct. 26, 2021 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
114.1600
+0.4510 +0.3966%
Volume: 0.0000
Oct. 26, 2021 2:04p
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/zigman2/quotes/206689846/delayed
JP : Japan: Tokyo
¥ 987.00
+11.00 +1.13%
Volume: 12.78M
Oct. 26, 2021 3:00p
P/E Ratio
23.59
Dividend Yield
4.05%
Market Cap
¥1425.16 billion
Rev. per Employee
¥243.77M
loading...
/zigman2/quotes/201212147/delayed
JP : Japan: Tokyo
¥ 2,183.00
+42.00 +1.96%
Volume: 210,500
Oct. 26, 2021 3:00p
P/E Ratio
8.95
Dividend Yield
2.29%
Market Cap
¥122.20 billion
Rev. per Employee
¥134.88M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,500.00
+113.00 +1.77%
Volume: 14.47M
Oct. 26, 2021 3:00p
P/E Ratio
2.94
Dividend Yield
0.00%
Market Cap
¥10941.65 billion
Rev. per Employee
¥202.77M
loading...
/zigman2/quotes/208948266/delayed
JP : Japan: Tokyo
¥ 4,140.00
+160.00 +4.02%
Volume: 4.35M
Oct. 26, 2021 3:00p
P/E Ratio
16.94
Dividend Yield
1.54%
Market Cap
¥1508.32 billion
Rev. per Employee
¥11.44M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,038.27
-93.76 -0.36%
Volume: 1.53M
Oct. 26, 2021 4:08p
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/zigman2/quotes/203421416/delayed
HK : Hong Kong
$ 8.56
-0.10 -1.15%
Volume: 49.99M
Oct. 26, 2021 4:08p
P/E Ratio
6.74
Dividend Yield
6.43%
Market Cap
$386.65 billion
Rev. per Employee
$9.51M
loading...
/zigman2/quotes/202085942/delayed
HK : Hong Kong
$ 3.89
+0.02 +0.52%
Volume: 51.18M
Oct. 26, 2021 4:08p
P/E Ratio
6.23
Dividend Yield
9.08%
Market Cap
$616.77 billion
Rev. per Employee
$5.31M
loading...
/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 502.00
-3.00 -0.59%
Volume: 15.31M
Oct. 26, 2021 4:08p
P/E Ratio
22.06
Dividend Yield
0.32%
Market Cap
$4810.43 billion
Rev. per Employee
$10.55M
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,597.64
-12.22 -0.34%
Volume: 33.73B
Oct. 26, 2021 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,424.39
-8.83 -0.36%
Volume: 38.68B
Oct. 26, 2021 3:00p
loading...
/zigman2/quotes/206980083/delayed
CN : China: Shanghai
¥ 5.85
-0.06 -1.02%
Volume: 132.68M
Oct. 26, 2021 3:00p
P/E Ratio
17.01
Dividend Yield
3.72%
Market Cap
¥1025.37 billion
Rev. per Employee
¥4.03M
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,443.40
+2.40 +0.03%
Volume: 516,092
Oct. 26, 2021 5:13p
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/zigman2/quotes/203437212/delayed
AU : Australia: Sydney
$ 24.07
-0.06 -0.25%
Volume: 2.05M
Oct. 26, 2021 4:10p
P/E Ratio
49.31
Dividend Yield
2.34%
Market Cap
$23.35 billion
Rev. per Employee
$1.42M
loading...
/zigman2/quotes/204702973/delayed
AU : Australia: Sydney
$ 4.42
-0.06 -1.34%
Volume: 5.70M
Oct. 26, 2021 4:10p
P/E Ratio
88.40
Dividend Yield
0.00%
Market Cap
$9.31 billion
Rev. per Employee
$1.22M
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
13,075.41
-17.83 -0.14%
Volume: 0.00
Oct. 26, 2021 5:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,049.08
+28.54 +0.94%
Volume: 564,559
Oct. 26, 2021 3:30p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,204.57
+2.71 +0.08%
Volume: 0.00
Oct. 26, 2021 5:20p
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