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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 -0.92%   surged 2% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.59%   rose 1%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.78%   advanced 0.5% and the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +1.15%   ticked up 1%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.60%   rose 1% and benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -2.99%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.81%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -1.76%   gained. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.13%   advanced 0.6%.

Among individual stocks, Screen Holdings /zigman2/quotes/200599327/delayed JP:7735 -3.38%   surged in Tokyo trading, while Yahoo Japan parent Z Holdings /zigman2/quotes/207641152/delayed JP:4689 +3.43%  , SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.14%   and Honda /zigman2/quotes/200490352/delayed JP:7267 -2.68%   also rose. In Hong Kong, Apple component makers Sunny Optical /zigman2/quotes/206687505/delayed HK:2382 +2.37%   and AAC /zigman2/quotes/201441510/delayed HK:2018 +0.47%   gained, while PetroChina /zigman2/quotes/204979431/delayed HK:857 +1.29%   fell as oil prices receded Wednesday. Samsung /zigman2/quotes/209800866/delayed KR:005930 -0.62%   jumped in South Korea, while in Australia, Beach Energy /zigman2/quotes/200513631/delayed AU:BPT +1.19%   fell and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +0.49%   advanced.

On Wall Street, the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.52%   rose 0.5% to 3,253.05. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.47%   advanced 0.6% to 28,745.09. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -0.80%  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 -0.1482%   gained to 109.20 yen from Wednesday’s 109.08 yen.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,824.83
-259.64 -0.92%
Volume: 0.00
May 17, 2021 3:15p
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,194.09
+166.52 +0.59%
Volume: 1.86M
May 17, 2021 4:08p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,517.62
+27.24 +0.78%
Volume: 32.21B
May 17, 2021 3:01p
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/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,320.33
+26.46 +1.15%
Volume: 36.84B
May 17, 2021 3:00p
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/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,134.52
-18.80 -0.60%
Volume: 771,305
May 17, 2021 3:32p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
15,353.89
-473.20 -2.99%
Volume: 0.00
May 17, 2021 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,079.69
+24.67 +0.81%
Volume: 0.00
May 17, 2021 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,833.86
-104.49 -1.76%
Volume: 0.00
May 17, 2021 3:00p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,023.60
+9.40 +0.13%
Volume: 453,249
May 17, 2021 4:58p
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/zigman2/quotes/200599327/delayed
JP : Japan: Tokyo
¥ 9,430.00
-330.00 -3.38%
Volume: 734,900
May 17, 2021 3:00p
P/E Ratio
30.60
Dividend Yield
1.64%
Market Cap
¥454.47 billion
Rev. per Employee
N/A
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/zigman2/quotes/207641152/delayed
JP : Japan: Tokyo
¥ 470.90
+15.60 +3.43%
Volume: 33.24M
May 17, 2021 3:00p
P/E Ratio
32.55
Dividend Yield
1.18%
Market Cap
¥3458.04 billion
Rev. per Employee
N/A
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/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/200490352/delayed
JP : Japan: Tokyo
¥ 3,238.00
-89.00 -2.68%
Volume: 5.30M
May 17, 2021 3:00p
P/E Ratio
8.50
Dividend Yield
3.40%
Market Cap
¥5744.55 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
HK$ 172.50
+4.00 +2.37%
Volume: 6.14M
May 17, 2021 4:08p
P/E Ratio
34.31
Dividend Yield
0.61%
Market Cap
HK$184.35 billion
Rev. per Employee
HK$1.75M
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/zigman2/quotes/201441510/delayed
HK : Hong Kong
HK$ 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$570,931
loading...
/zigman2/quotes/204979431/delayed
HK : Hong Kong
HK$ 3.14
+0.04 +1.29%
Volume: 103.98M
May 17, 2021 4:08p
P/E Ratio
7.82
Dividend Yield
6.71%
Market Cap
HK$974.19 billion
Rev. per Employee
HK$4.65M
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/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
79,600.00
-500.00 -0.62%
Volume: 17.74M
May 17, 2021 3:30p
P/E Ratio
20.72
Dividend Yield
1.81%
Market Cap
₩538990.97 billion
Rev. per Employee
₩2.16B
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/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
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/zigman2/quotes/210599714/realtime
US : S&P US
4,152.22
-21.63 -0.52%
Volume: 855.64M
May 17, 2021 11:49a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,219.30
-162.83 -0.47%
Volume: 108.95M
May 17, 2021 11:49a
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/zigman2/quotes/210598365/realtime
US : Nasdaq
13,322.82
-107.16 -0.80%
Volume: 1.61M
May 17, 2021 11:49a
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.1860
-0.1620 -0.1482%
Volume: 0.0000
May 17, 2021 11:49a
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