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Jan. 13, 2020, 11:26 p.m. EST

Asian markets mixed after U.S. elevates China from currency manipulator

Investors optimistic ahead of signing of ‘phase one’ trade deal

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By Marketwatch


Reuters
U.S. and Chinese banknotes.

Asian markets were mixed in early trading Tuesday, after the U.S. said China is no longer a currency manipulator ahead of the signing of a “phase one” trade agreement this week.

The U.S. Treasury Department stepped back from the decision it made last year, saying in a statement that it “has determined that China should no longer be designated as a currency manipulator at this time.”

The U.S. and China are expected to sign a “phase one” trade deal Wednesday in Washington, which the Treasury Department said will include enforceable commitments by China to refrain from currency devaluation and not target its exchange rate for competitive purposes.

“Investors’ unquenchable appetite for stocks is in hyperdrive, triggered by a further thawing in U.S.-China trade tension,” Stephen Innes, chief Asia market strategist for AxiTrader, wrote in a note.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +2.96%   gained 0.7% as traders returned from a holiday Monday. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.83%   gave up early gains and was last down about 0.2%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.55%   was about flat and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.30%  dipped slightly after data showed China’s exports rose 5% in 2019 on yuan terms, the slowest growth in three years. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +2.50%   rose 0.4%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +2.08%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.90%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.94%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.88%   were mostly positive. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +3.75%   advanced 0.7%.

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 +2.52%   Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +2.02%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 +5.10%   advanced in Tokyo trading, while Nissan /zigman2/quotes/208298710/delayed JP:7201 +2.07%   sank. In Hong Kong, casino operators Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 0.00%   and Sands China /zigman2/quotes/207609245/delayed HK:1928 +1.32%   rose, while AAC /zigman2/quotes/201441510/delayed HK:2018 -3.26%   and Geely Automobile /zigman2/quotes/200716015/delayed HK:175 -0.55%   fell. LG Electronics /zigman2/quotes/209966407/delayed KR:066570 +2.67%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +3.73%   advanced in South Korea, and Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 +2.88%   gained in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +4.01%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +3.08%   rose in Australia.

On Monday, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.59%   rose 22.78 points, or 0.7%, to 3,288.13. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +2.27%   climbed 95.07 points, or 1%, to 9,273.93, and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.66%   gained 83.28 points, or 0.3%, to 28,907.05.

Benchmark crude oil   rose 13 cents to $58.21 a barrel, after falling 96 cents to $58.08 a barrel on Monday. Brent crude oil  , the international standard, rose 19 cents to $64.39 a barrel.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0519%   rose to 110.09 Japanese yen from 109.89 yen on Monday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
26,992.21
+776.42 +2.96%
Volume: 0.00
Oct. 4, 2022 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
17,079.51
-143.32 -0.83%
Volume: 1.36M
Oct. 3, 2022 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,024.39
-16.81 -0.55%
Volume: 20.41B
Sept. 30, 2022 3:00p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
1,912.00
-25.20 -1.30%
Volume: 28.32B
Sept. 30, 2022 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,209.38
+53.89 +2.50%
Volume: 412,585
Oct. 4, 2022 3:30p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
13,576.52
+276.04 +2.08%
Volume: 0.00
Oct. 4, 2022 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,135.04
+27.95 +0.90%
Volume: 0.00
Oct. 4, 2022 3:39p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,410.70
+13.08 +0.94%
Volume: 0.00
Oct. 4, 2022 3:39p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
7,071.67
+61.95 +0.88%
Volume: 0.00
Oct. 4, 2022 2:44p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,699.30
+242.40 +3.75%
Volume: 1.01M
Oct. 4, 2022 5:30p
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 9,749.00
+240.00 +2.52%
Volume: 6.65M
Oct. 4, 2022 3:00p
P/E Ratio
13.71
Dividend Yield
0.72%
Market Cap
¥11517.30 billion
Rev. per Employee
¥91.61M
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 77,860.00
+1,540 +2.02%
Volume: 680,300
Oct. 4, 2022 3:00p
P/E Ratio
31.08
Dividend Yield
0.80%
Market Cap
¥7836.71 billion
Rev. per Employee
¥39.58M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,235.00
+254.00 +5.10%
Volume: 18.32M
Oct. 4, 2022 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥7734.39 billion
Rev. per Employee
¥133.99M
loading...
/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 479.40
+9.70 +2.07%
Volume: 23.20M
Oct. 4, 2022 3:00p
P/E Ratio
12.67
Dividend Yield
1.04%
Market Cap
¥1801.35 billion
Rev. per Employee
¥62.82M
loading...
/zigman2/quotes/202884203/delayed
HK : Hong Kong
$ 46.40
0.00 0.00%
Volume: 7.32M
Oct. 3, 2022 4:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$202.49 billion
Rev. per Employee
$604,558
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
$ 19.96
+0.26 +1.32%
Volume: 33.04M
Oct. 3, 2022 4:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$159.44 billion
Rev. per Employee
$438,989
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 11.88
-0.40 -3.26%
Volume: 4.14M
Oct. 3, 2022 4:08p
P/E Ratio
15.84
Dividend Yield
0.00%
Market Cap
$14.84 billion
Rev. per Employee
$593,969
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
$ 10.76
-0.06 -0.55%
Volume: 22.51M
Oct. 3, 2022 4:08p
P/E Ratio
22.89
Dividend Yield
1.95%
Market Cap
$108.82 billion
Rev. per Employee
$3.15M
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
80,700.00
+2,100 +2.67%
Volume: 751,614
Oct. 4, 2022 3:30p
P/E Ratio
7.88
Dividend Yield
1.05%
Market Cap
₩13437.58 billion
Rev. per Employee
₩2.20B
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
86,200.00
+3,100 +3.73%
Volume: 4.13M
Oct. 4, 2022 3:30p
P/E Ratio
5.17
Dividend Yield
0.00%
Market Cap
₩57141.28 billion
Rev. per Employee
₩1.66B
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 429.00
+12.00 +2.88%
Volume: 41.11M
Oct. 4, 2022 1:30p
P/E Ratio
14.59
Dividend Yield
2.56%
Market Cap
NT$10942.62 billion
Rev. per Employee
NT$28.83M
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.56
+0.06 +4.01%
Volume: 7.60M
Oct. 4, 2022 4:10p
P/E Ratio
7.09
Dividend Yield
1.29%
Market Cap
$3.38 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 95.97
+2.87 +3.08%
Volume: 1.35M
Oct. 4, 2022 4:10p
P/E Ratio
6.41
Dividend Yield
10.90%
Market Cap
$140.77 billion
Rev. per Employee
$1.68M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,678.43
+92.81 +2.59%
Volume: 2.22B
Oct. 3, 2022 7:15p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
10,815.43
+239.82 +2.27%
Volume: 4.46B
Oct. 3, 2022 5:16p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,490.89
+765.38 +2.66%
Volume: 320.97M
Oct. 3, 2022 7:15p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
144.6340
+0.0750 +0.0519%
Volume: 0.0000
Oct. 4, 2022 3:54a
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