Bulletin
Investor Alert

New York Markets Close in:

Asia Markets Archives | Email alerts

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

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NIKKEI 225 Index (NIK)
  • X
    Hang Seng Index (HSI)
  • X
    Shanghai Composite Index (SHCOMP)

or Cancel Already have a watchlist? Log In

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 -0.92%   gained 0.7% as traders returned from a holiday Monday. Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.59%   gave up early gains and was last down about 0.2%, while the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.78%   was about flat and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.15%  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 -0.60%   rose 0.4%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -2.99%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.81%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.06%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -1.76%   were mostly positive. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.13%   advanced 0.7%.

Among individual stocks, Sony /zigman2/quotes/201361720/delayed JP:6758 +1.03%   Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 -0.97%   and SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.14%   advanced in Tokyo trading, while Nissan /zigman2/quotes/208298710/delayed JP:7201 +0.64%   sank. In Hong Kong, casino operators Galaxy Entertainment /zigman2/quotes/202884203/delayed HK:27 -0.95%   and Sands China /zigman2/quotes/207609245/delayed HK:1928 0.00%   rose, while AAC /zigman2/quotes/201441510/delayed HK:2018 +0.47%   and Geely Automobile /zigman2/quotes/200716015/delayed HK:175 +3.75%   fell. LG Electronics /zigman2/quotes/209966407/delayed KR:066570 -0.67%   and SK Hynix /zigman2/quotes/206420319/delayed KR:000660 -0.84%   advanced in South Korea, and Taiwan Semiconductor /zigman2/quotes/207385621/delayed TW:2330 -1.44%   gained in Taiwan. Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.19%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.49%   rose in Australia.

On Monday, the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.61%   rose 22.78 points, or 0.7%, to 3,288.13. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -1.05%   climbed 95.07 points, or 1%, to 9,273.93, and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.36%   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 -0.2231%   rose to 110.09 Japanese yen from 109.89 yen on Monday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,824.83
-259.64 -0.92%
Volume: 0.00
May 17, 2021 3:15p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,194.09
+166.52 +0.59%
Volume: 1.86M
May 17, 2021 4:08p
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,517.62
+27.24 +0.78%
Volume: 32.21B
May 17, 2021 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,320.33
+26.46 +1.15%
Volume: 36.84B
May 17, 2021 3:00p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,134.52
-18.80 -0.60%
Volume: 771,305
May 17, 2021 3:32p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
15,353.89
-473.20 -2.99%
Volume: 0.00
May 17, 2021 1:33p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,079.69
+24.67 +0.81%
Volume: 0.00
May 17, 2021 5:20p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,583.46
+0.94 +0.06%
Volume: 0.00
May 17, 2021 5:05p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,833.86
-104.49 -1.76%
Volume: 0.00
May 17, 2021 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,023.60
+9.40 +0.13%
Volume: 453,249
May 17, 2021 4:58p
loading...
/zigman2/quotes/201361720/delayed
JP : Japan: Tokyo
¥ 10,330.00
+105.00 +1.03%
Volume: 3.32M
May 17, 2021 3:00p
P/E Ratio
11.02
Dividend Yield
0.58%
Market Cap
¥12642.07 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 86,090.00
-840.00 -0.97%
Volume: 535,900
May 17, 2021 3:00p
P/E Ratio
91.96
Dividend Yield
0.56%
Market Cap
¥8878.13 billion
Rev. per Employee
¥34.80M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 8,431.00
-97.00 -1.14%
Volume: 14.31M
May 17, 2021 3:00p
P/E Ratio
3.47
Dividend Yield
0.00%
Market Cap
¥12109.99 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208298710/delayed
JP : Japan: Tokyo
¥ 537.80
+3.40 +0.64%
Volume: 13.69M
May 17, 2021 3:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥2091.18 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202884203/delayed
HK : Hong Kong
HK$ 62.60
-0.60 -0.95%
Volume: 7.02M
May 17, 2021 4:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$274.93 billion
Rev. per Employee
HK$453,573
loading...
/zigman2/quotes/207609245/delayed
HK : Hong Kong
HK$ 33.15
0.00 0.00%
Volume: 12.61M
May 17, 2021 4:08p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
HK$268.28 billion
Rev. per Employee
HK$305,069
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 42.75
+0.20 +0.47%
Volume: 9.40M
May 17, 2021 4:08p
P/E Ratio
30.19
Dividend Yield
0.70%
Market Cap
HK$51.42 billion
Rev. per Employee
HK$570,931
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
HK$ 18.24
+0.66 +3.75%
Volume: 57.31M
May 17, 2021 4:08p
P/E Ratio
28.40
Dividend Yield
1.10%
Market Cap
HK$172.64 billion
Rev. per Employee
HK$2.72M
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
147,500
-1,000 -0.67%
Volume: 553,776
May 17, 2021 3:30p
P/E Ratio
13.49
Dividend Yield
0.81%
Market Cap
₩25416.83 billion
Rev. per Employee
₩1.59B
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
117,500
-1,000 -0.84%
Volume: 3.11M
May 17, 2021 3:30p
P/E Ratio
16.91
Dividend Yield
1.00%
Market Cap
₩81054.22 billion
Rev. per Employee
₩1.10B
loading...
/zigman2/quotes/207385621/delayed
TW : Taiwan
NT$ 549.00
-8.00 -1.44%
Volume: 57.63M
May 17, 2021 1:30p
P/E Ratio
26.33
Dividend Yield
1.82%
Market Cap
NT$14443.22 billion
Rev. per Employee
NT$23.57M
loading...
/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.28
+0.02 +1.19%
Volume: 6.36M
May 17, 2021 4:10p
P/E Ratio
8.34
Dividend Yield
1.56%
Market Cap
$2.88 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200083756/delayed
AU : Australia: Sydney
$ 126.04
+0.61 +0.49%
Volume: 636,862
May 17, 2021 4:10p
P/E Ratio
14.68
Dividend Yield
4.87%
Market Cap
$185.19 billion
Rev. per Employee
$1.36M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,148.52
-25.33 -0.61%
Volume: 1.15B
May 17, 2021 1:18p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
13,288.55
-141.42 -1.05%
Volume: 2.18M
May 17, 2021 1:18p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,257.93
-124.20 -0.36%
Volume: 144.22M
May 17, 2021 1:18p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.1040
-0.2440 -0.2231%
Volume: 0.0000
May 17, 2021 1:17p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.