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Oct. 29, 2019, 11:15 p.m. EDT

Asian markets retreat ahead of Fed announcement

Nikkei, Hang Seng down amid new trade-deal speedbumps

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By Marketwatch and Associated Press


AFP/Getty Images
Commuters make their way through the Shibuya crossing in central Tokyo on Tuesday.

Asian markets fell in early trading Wednesday, following new doubts about a U.S.-China trade deal and ahead of an expected interest-rate cut by the U.S. Federal Reserve.

While U.S. officials, including President Donald Trump, in recent days had touted progress in trade talks, Reuters reported Tuesday that a “phase one” deal might not be ready to be signed at the Asia-Pacific Economic Cooperation summit in Chile next month. “Our goal is to sign it in Chile. But sometimes texts aren’t ready,” a U.S. official told Reuters.

Separately, China accused the U.S. of “bullying” over a proposed ban on Chinese telecom equipment in U.S. networks, and China’s ambassador to the United Nations suggested that U.S. criticism over human rights could impact trade talks.

Meanwhile, investors are awaiting the conclusion of the Fed’s two-day meeting, with many expecting the third rate cut of the year but uncertain if the central bank will signal further monetary easing in the future.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +2.82%   fell 0.4% and Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.83%   slipped 0.3%. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP -0.55%   edged down 0.4 while the Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 -1.30%   slid 0.8%. South Korea’s Kospi /zigman2/quotes/210598069/delayed KR:180721 +2.38%   declined 0.4%, while benchmark indexes in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 +2.08%  , Singapore /zigman2/quotes/210597985/delayed SG:STI +0.76%  , Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI +0.69%   and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.80%   mostly rose slightly. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +3.75%   fell 0.5%.

Among individual stocks, electronics company NEC /zigman2/quotes/205173342/delayed JP:6701 +3.00%   slid in Tokyo trading, along with SoftBank /zigman2/quotes/207303954/delayed JP:9984 +4.94%   and Uniqlo parent Fast Retailing /zigman2/quotes/200663563/delayed JP:9983 +2.00%  . In Hong Kong, Apple component maker AAC /zigman2/quotes/201441510/delayed HK:2018 -3.26%   fell, along with PetroChina /zigman2/quotes/204979431/delayed HK:857 0.00%  . Chip maker SK Hynix /zigman2/quotes/206420319/delayed KR:000660 +3.97%   retreated in South Korea while BHP /zigman2/quotes/201448516/delayed AU:BHP +3.81%   and Rio Tinto /zigman2/quotes/200083756/delayed AU:RIO +3.08%   fell in Australia.

/zigman2/quotes/210597971/delayed
JP : Nikkei
26,956.13
+740.34 +2.82%
Volume: 0.00
Oct. 4, 2022 2:35p
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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
2,206.87
+51.38 +2.38%
Volume: 362,154
Oct. 4, 2022 2:35p
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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
3,130.58
+23.49 +0.76%
Volume: 0.00
Oct. 4, 2022 1:40p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,407.32
+9.70 +0.69%
Volume: 0.00
Oct. 4, 2022 1:40p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
7,065.62
+55.90 +0.80%
Volume: 0.00
Oct. 4, 2022 11:29a
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
6,699.30
+242.40 +3.75%
Volume: 971,461
Oct. 4, 2022 4:27p
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/zigman2/quotes/205173342/delayed
JP : Japan: Tokyo
¥ 4,800.00
+140.00 +3.00%
Volume: 787,100
Oct. 4, 2022 2:35p
P/E Ratio
10.28
Dividend Yield
2.29%
Market Cap
¥1260.12 billion
Rev. per Employee
¥25.74M
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/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,227.00
+246.00 +4.94%
Volume: 15.18M
Oct. 4, 2022 2:35p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
¥7734.39 billion
Rev. per Employee
¥133.99M
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/zigman2/quotes/200663563/delayed
JP : Japan: Tokyo
¥ 77,850.00
+1,530 +2.00%
Volume: 466,300
Oct. 4, 2022 2:35p
P/E Ratio
31.07
Dividend Yield
0.80%
Market Cap
¥7836.71 billion
Rev. per Employee
¥39.58M
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/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
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/zigman2/quotes/204979431/delayed
HK : Hong Kong
$ 3.22
0.00 0.00%
Volume: 85.29M
Oct. 3, 2022 4:08p
P/E Ratio
4.55
Dividend Yield
10.76%
Market Cap
$987.47 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206420319/delayed
KR : S. Korea: KRX
86,400.00
+3,300 +3.97%
Volume: 3.56M
Oct. 4, 2022 2:35p
P/E Ratio
5.18
Dividend Yield
0.00%
Market Cap
₩57141.28 billion
Rev. per Employee
₩1.66B
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/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 40.07
+1.47 +3.81%
Volume: 11.27M
Oct. 4, 2022 4:10p
P/E Ratio
6.47
Dividend Yield
11.56%
Market Cap
$195.10 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
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