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Jan. 8, 2020, 11:46 p.m. EST

Asian markets rebound as Mideast tensions ease

Nikkei jumps, solid gains in Hong Kong and mainland China

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By MarketWatch and Associated Press


Getty Images/iStock Photos
Stocks rose in Tokyo on Thursday.

Asian markets rebounded in early trading Thursday following losses the day before after Iran launched a missile attack on U.S. bases in Iraq.

Tensions decreased significantly Wednesday amid signs of de-escalation, as President Donald Trump said Iran “appears to be standing down” and announced fresh sanctions rather than immediate military action. Trump said the United States is “ready to embrace peace with all who seek it.”

U.S. stocks recovered after shaky pre-market trading, with the Nasdaq closing at a new record and the S&P 500 hitting an intraday record.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.07%   surged 2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.54%   rose 1%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.76%   advanced 0.5% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +0.65%   ticked up 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +0.62%   rose 1% and 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%   gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.34%   advanced 0.6%.

Among individual stocks, Screen Holdings /zigman2/quotes/200599327/delayed JP:7735 -0.52%   surged in Tokyo trading, while Yahoo Japan parent Z Holdings /zigman2/quotes/207641152/delayed JP:4689 -0.26%  , SoftBank /zigman2/quotes/207303954/delayed JP:9984 -0.11%   and Honda /zigman2/quotes/200490352/delayed JP:7267 +1.12%   also rose. In Hong Kong, Apple component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +0.26%   and AAC /zigman2/quotes/201441510/delayed HK:2018 -2.02%   gained, while PetroChina /zigman2/quotes/204979431/delayed HK:857 +0.72%   fell as oil prices receded Wednesday. Samsung /zigman2/quotes/209800866/delayed KR:005930 +1.10%   jumped in South Korea, while in Australia, Beach Energy /zigman2/quotes/200513631/delayed AU:BPT -1.60%   fell and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.37%   advanced.

On Wall Street, the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.10%   rose 0.5% to 3,253.05. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.61%   advanced 0.6% to 28,745.09. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP +1.76%  rose 0.7% to a record 9,129.24.

Oil prices rebounded Thursday after first surging on news of the Iranian attack and then falling back once tensions appeared to be easing.

Benchmark U.S. crude   gained 48 cents to $60.09 per barrel in electronic trading on the New York Mercantile Exchange. On Wednesday, the contract fell $3.09 to settle at $59.61. It traded as high as $65.65 following the missile attack.

Brent crude  , used to price international oils, advanced 44 cents to $65.88 per barrel in London. It fell $2.83 the previous session to $65.44.

Gold   had a similar whipsaw day. It climbed as high as $1,604.20 per ounce before settling at $1,560.10.

In currency trading, the dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.4324%   gained to 109.20 yen from Wednesday’s 109.08 yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,382.56
+19.81 +0.07%
Volume: 0.00
Jan. 27, 2023 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
22,688.90
+122.12 +0.54%
Volume: 2.01M
Jan. 27, 2023 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,264.81
+24.53 +0.76%
Volume: 27.32B
Jan. 20, 2023 3:00p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,125.81
+13.71 +0.65%
Volume: 34.35B
Jan. 20, 2023 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,484.02
+15.37 +0.62%
Volume: 509,288
Jan. 27, 2023 3:30p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
14,932.93
+5.92 +0.04%
Volume: 0.00
Jan. 17, 2023 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,394.21
+17.02 +0.50%
Volume: 0.00
Jan. 27, 2023 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,898.98
+34.16 +0.50%
Volume: 0.00
Jan. 27, 2023 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,493.80
+25.50 +0.34%
Volume: 705,020
Jan. 27, 2023 5:14p
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/zigman2/quotes/200599327/delayed
JP : Japan: Tokyo
¥ 9,550.00
-50.00 -0.52%
Volume: 467,000
Jan. 27, 2023 3:00p
P/E Ratio
8.09
Dividend Yield
3.37%
Market Cap
¥451.34 billion
Rev. per Employee
¥74.55M
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/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 376.50
-1.00 -0.26%
Volume: 15.97M
Jan. 27, 2023 3:00p
P/E Ratio
44.82
Dividend Yield
1.48%
Market Cap
¥2868.73 billion
Rev. per Employee
¥67.55M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 6,191.00
-7.00 -0.11%
Volume: 6.18M
Jan. 27, 2023 3:00p
P/E Ratio
N/A
Dividend Yield
0.71%
Market Cap
¥9759.54 billion
Rev. per Employee
¥121.97M
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,173.00
+35.00 +1.12%
Volume: 4.75M
Jan. 27, 2023 3:00p
P/E Ratio
8.27
Dividend Yield
3.78%
Market Cap
¥5424.04 billion
Rev. per Employee
¥76.70M
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/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 116.30
+0.30 +0.26%
Volume: 8.23M
Jan. 27, 2023 4:08p
P/E Ratio
28.78
Dividend Yield
0.96%
Market Cap
$116.99 billion
Rev. per Employee
$1.70M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 21.85
-0.45 -2.02%
Volume: 5.58M
Jan. 27, 2023 4:08p
P/E Ratio
29.13
Dividend Yield
0.00%
Market Cap
$25.83 billion
Rev. per Employee
$593,969
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
$ 4.20
+0.03 +0.72%
Volume: 115.00M
Jan. 27, 2023 4:08p
P/E Ratio
5.09
Dividend Yield
8.25%
Market Cap
$1055.40 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/209800866/delayed
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
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/zigman2/quotes/200513631/delayed
AU : Australia: Sydney
$ 1.54
-0.03 -1.60%
Volume: 8.12M
Jan. 27, 2023 4:10p
P/E Ratio
7.02
Dividend Yield
1.30%
Market Cap
$3.57 billion
Rev. per Employee
N/A
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/zigman2/quotes/200083756/delayed
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
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/zigman2/quotes/210599714/realtime
US : S&P US
4,060.43
+44.21 +1.10%
Volume: 0.00
Jan. 26, 2023 5:26p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,949.41
+205.57 +0.61%
Volume: 0.00
Jan. 26, 2023 5:26p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,512.41
+199.06 +1.76%
Volume: 5.80B
Jan. 26, 2023 5:16p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
129.6530
-0.5630 -0.4324%
Volume: 0.0000
Jan. 27, 2023 9:02a
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