Asian markets little changed as investors weigh trade-war developments

By Marketwatch and Associated Press

Reuters

The Hong Kong Exchanges and Clearing Ltd. headquarters in Hong Kong.

Asian markets were muted in early trading Tuesday amid positive developments on the U.S.-China trade front.

President Donald Trump said Monday that trade negotiations on a “phase one” deal are going faster than expected, and said the deal would “take care of “ U.S. farmers and bankers. Later in the day, the U.S. Trade Representative’s office said it is considering extending tariff exemptions that were approved last December on $34 billion in Chinese goods.

The news did not boost Chinese stocks though. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.54%   slipped 0.3% after administrator Carrie Lam said the ongoing pro-democracy protests risked sending the city into recession, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.76%   fell 0.4% and the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.65%   retreated 0.3%. Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.07%   rose 0.5% and South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.62%   slipped 0.2%. Benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +0.04%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.50%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.50%   were up slightly. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.34%   was little changed.

Among individual stocks, Mazda Motor /zigman2/quotes/204777714/delayed JP:7261 +2.09%   and Kobe Steel /zigman2/quotes/207391157/delayed JP:5406 +1.73%   gained in Tokyo trading while Canon /zigman2/quotes/207639533/delayed JP:7751 +0.14%   fell. In Hong Kong, food processor WH Group /zigman2/quotes/204247792/delayed HK:288 +0.82%   surged while HSBC /zigman2/quotes/202687335/delayed HK:5 +0.09%   and Tencent /zigman2/quotes/204605823/delayed HK:700 +2.02%   dropped. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.10%   inched down in South Korea, while BHP /zigman2/quotes/201448516/delayed AU:BHP +0.61%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.37%   gained in Australia.

/zigman2/quotes/210598030/delayed

Add to watchlist HK:HSI

Hang Seng Index

HK : Hong Kong Exchange

22,688.90

+122.12 +0.54%

Volume: 2.01M

Jan. 27, 2023 4:08p

/zigman2/quotes/210598127/delayed

Add to watchlist CN:SHCOMP

Shanghai Composite Index

CN : China: Shanghai

3,264.81

+24.53 +0.76%

Volume: 27.32B

Jan. 20, 2023 3:00p

/zigman2/quotes/210598015/delayed

Add to watchlist CN:399106

Shenzhen Composite Index

CN : Shenhzen Stock Exchange

2,125.81

+13.71 +0.65%

Volume: 34.35B

Jan. 20, 2023 3:00p

/zigman2/quotes/210597971/delayed

Add to watchlist JP:NIK

NIKKEI 225 Index

JP : Nikkei

27,382.56

+19.81 +0.07%

Volume: 0.00

Jan. 27, 2023 3:15p

/zigman2/quotes/210598069/delayed

Add to watchlist KR:180721

KOSPI Composite Index

KR : Korea Exchange

2,484.02

+15.37 +0.62%

Volume: 509,288

Jan. 27, 2023 3:30p

/zigman2/quotes/210597977/delayed

Add to watchlist TW:Y9999

Taiwan TAIEX

TW : Taiwan Stock Exchange

14,932.93

+5.92 +0.04%

Volume: 0.00

Jan. 17, 2023 1:33p

/zigman2/quotes/210597985/delayed

Add to watchlist SG:STI

FTSE Straits Times Index

SG : Singapore: SGX

3,394.21

+17.02 +0.50%

Volume: 0.00

Jan. 27, 2023 5:20p

/zigman2/quotes/210597981/delayed

Add to watchlist ID:JAKIDX

JSX Composite Index

ID : Indonesia Stock Exchange

6,898.98

+34.16 +0.50%

Volume: 0.00

Jan. 27, 2023 3:00p

/zigman2/quotes/210598100/delayed

Add to watchlist AU:XJO

S&P/ASX 200 Benchmark Index

AU : S&P ASX

7,493.80

+25.50 +0.34%

Volume: 705,020

Jan. 27, 2023 5:14p

/zigman2/quotes/204777714/delayed

Add to watchlist JP:7261

Mazda Motor Corp.

JP : Japan: Tokyo

¥ 1,028.00

+21.00 +2.09%

Volume: 3.78M

Jan. 27, 2023 3:00p

P/E Ratio

4.51

Dividend Yield

3.89%

Market Cap

¥634.27 billion

Rev. per Employee

¥67.02M

/zigman2/quotes/207391157/delayed

Add to watchlist JP:5406

Kobe Steel Ltd.

JP : Japan: Tokyo

¥ 707.00

+12.00 +1.73%

Volume: 5.08M

Jan. 27, 2023 3:00p

P/E Ratio

5.13

Dividend Yield

6.36%

Market Cap

¥273.14 billion

Rev. per Employee

¥59.83M

/zigman2/quotes/207639533/delayed

Add to watchlist JP:7751

Canon Inc.

JP : Japan: Tokyo

¥ 2,949.50

+4.00 +0.14%

Volume: 2.62M

Jan. 27, 2023 3:00p

P/E Ratio

13.99

Dividend Yield

4.07%

Market Cap

¥2984.60 billion

Rev. per Employee

¥20.81M

/zigman2/quotes/204247792/delayed

Add to watchlist HK:288

WH Group Ltd.

HK : Hong Kong

$ 4.91

+0.04 +0.82%

Volume: 17.27M

Jan. 27, 2023 4:08p

P/E Ratio

6.95

Dividend Yield

3.87%

Market Cap

$61.07 billion

Rev. per Employee

$2.00M

/zigman2/quotes/202687335/delayed

Add to watchlist HK:5

HSBC Holdings PLC (HK Reg)

HK : Hong Kong

$ 57.95

+0.05 +0.09%

Volume: 16.94M

Jan. 27, 2023 4:08p

P/E Ratio

12.40

Dividend Yield

3.65%

Market Cap

$1145.30 billion

Rev. per Employee

$2.45M

/zigman2/quotes/204605823/delayed

Add to watchlist HK:700

Tencent Holdings Ltd.

HK : Hong Kong

$ 415.00

+8.20 +2.02%

Volume: 18.63M

Jan. 27, 2023 4:08p

P/E Ratio

18.99

Dividend Yield

0.39%

Market Cap

$3716.25 billion

Rev. per Employee

$5.87M

/zigman2/quotes/209800866/delayed

Add to watchlist KR:005930

Samsung Electronics Co. Ltd.

KR : S. Korea: KRX

₩ 64,600.00

+700.00 +1.10%

Volume: 18.76M

Jan. 27, 2023 3:30p

P/E Ratio

10.48

Dividend Yield

2.24%

Market Cap

₩425224.19 billion

Rev. per Employee

₩2.66B

/zigman2/quotes/201448516/delayed

Add to watchlist AU:BHP

BHP Group Ltd.

AU : Australia: Sydney

$ 49.54

+0.30 +0.61%

Volume: 7.34M

Jan. 27, 2023 4:10p

P/E Ratio

8.00

Dividend Yield

9.35%

Market Cap

$249.40 billion

Rev. per Employee

N/A

/zigman2/quotes/200083756/delayed

Add to watchlist AU:RIO

Rio Tinto Ltd.

AU : Australia: Sydney

$ 126.97

+0.47 +0.37%

Volume: 1.25M

Jan. 27, 2023 4:10p

P/E Ratio

8.48

Dividend Yield

8.24%

Market Cap

$185.05 billion

Rev. per Employee

$1.68M