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Oct. 5, 2020, 11:09 p.m. EDT

Autos, financials and tech stocks help propel Asia markets to second day of gains

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By MarketWatch, MarketWatch


Honda
The Honda HR-V

Stocks in Asia moved higher early Tuesday, following through on Monday’s rally after U.S. stocks posted gains to start the week.

Japanese stocks rose with the Nikkei index /zigman2/quotes/210597971/delayed JP:NIK -0.90%   up about 0.5% in early trading. Auto and financial stocks took the lead, thanks partly to the yen’s weakening and gains in Treasury yields overnight.

Honda Motor /zigman2/quotes/200490352/delayed JP:7267 +0.50%   is up 2.3%, Dai-ichi Life Holdings /zigman2/quotes/208507587/delayed JP:8750 -0.80%   is 1.9% higher, while SoftBank Group /zigman2/quotes/207303954/delayed JP:9984 -0.72%   added 2.0%. The U.S. dollar/Japanese yen is at 105.70, up from 105.57 as of Monday’s Tokyo stock market close. Investors are focusing on policy developments from the U.S. and Japan.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +0.05%   was ahead 0.8%, in line with gains among broader Asian equities. Tech stocks are among the best performers, with Techtronic Industries /zigman2/quotes/204448177/delayed HK:669 -0.74%   gaining 1.1%, AAC Technologies /zigman2/quotes/201441510/delayed HK:2018 -5.72%   up 1.4% and Sunny Optical Technology /zigman2/quotes/206687505/delayed HK:2382 -3.24%   adding 1.3%. Pharmaceutical stocks are also higher, with Sino Biopharmaceutical /zigman2/quotes/206921981/delayed HK:1177 +0.50%   gaining 1.3% and CSPC Pharmaceutical /zigman2/quotes/200847219/delayed HK:1093 +0.82%   up 0.7%. Among other stocks, Swire Pacific /zigman2/quotes/209399758/delayed HK:19 +2.62%   rose 1.7% and Shenzhou International Group /zigman2/quotes/206654931/delayed HK:2313 +4.28%   is 1.5% higher.

The Singapore FTSE Straits Times Index /zigman2/quotes/210597985/delayed SG:STI +0.0012%   is up 0.5% in early trade, tracking U.S. stocks which rose overnight on positive signs regarding President Trump’s health. Singapore’s economy is also likely to continue its gradual recovery, Commerzbank says. REITs are higher. Mapletree Commercial Trust /zigman2/quotes/201344447/delayed SG:M44U 0.00%   gained 1.0%, Ascendas REIT /zigman2/quotes/201087398/delayed SG:CY6U 0.00%   added 0.6% and CapitaLand Commercial Trust   rose 1.2%. Among consumer stocks, Thai Beverage /zigman2/quotes/200043564/delayed SG:Y92 +0.76%   was up 0.8%, Wilmar /zigman2/quotes/207345635/delayed SG:F34 +0.23%  limbed 0.9% and Dairy Farm International /zigman2/quotes/204020912/delayed SG:D01 0.00%   rose 0.4%.

Malaysia’s stock benchmark Kuala Lumpur Composite Index /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.05%   is up 0.2%. Gainers include Dialog Group, /zigman2/quotes/201898285/delayed MY:7277 -4.07%   which added 1.8% while casinos-to-plantations conglomerate Genting /zigman2/quotes/202788788/delayed MY:2291 +1.51%   was 1.6% higher. Malayan Banking /zigman2/quotes/201753024/delayed MY:1155 0.00%   is up 0.7% while CIMB Group /zigman2/quotes/206600533/delayed MY:1023 +0.95%   gained 0.3%. Among losers on the index is plantation company Sime Darby Plantation /zigman2/quotes/207614442/delayed MY:5285 -0.25%  , which is down 1.4%.

In Asian airline ratings, Qantas Airways /zigman2/quotes/205534063/delayed AU:QAN -2.98%   is preferred by Goldman Sachs over Air New Zealand /zigman2/quotes/200916351/delayed NZ:AIR -0.34%   for its exposure to the Australia-New Zealand aviation market. Goldman upgraded Qantas to buy from neutral while keeping Air New Zealand at sell.

The recovery in Australia’s domestic travel is still in its infancy and Qantas has greater flexibility in its business structure to profitably ride that recovery, Goldman Sachs says. An earnings recovery for Air New Zealand will be limited until international tourism resumes given its pre-Covid international capacity was about six times that of domestic, GS says.

South Korea’s headline inflation accelerated at a faster-than-expected pace to hit a six-month high in September. The benchmark consumer-price index gained 1.0% from a year earlier after rising 0.7% in August, said the statistical office Tuesday. The latest reading -- the highest since March’s 1.0% pace -- beat the median forecast of five economists polled by the Wall Street Journal for a 0.7% increase. The Bank of Korea expects the country’s inflation to average 0.4% this year--well below its 2% annual target.

South Korea’s stock benchmark Kospi /zigman2/quotes/210598069/delayed KR:180721 -0.99%   is up 0.6% in early trade. Technology, retail and banking stocks lead gains including index heavyweight and tech giant Samsung Electronics /zigman2/quotes/209800866/delayed KR:005930 -1.18%  , LG Electronics /zigman2/quotes/209966407/delayed KR:066570 -4.64%  , food company CJ CheilJedang /zigman2/quotes/207211423/delayed KR:097950 -1.23%  , retailer E-mart /zigman2/quotes/204983831/delayed KR:139480 -1.42%  , and Hana Financial Group /zigman2/quotes/208370876/delayed KR:086790 +0.44%  .

The story was compiled from Dow Jones Newswires and Associated Press reports.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,522.26
-250.67 -0.90%
Volume: 0.00
Jan. 21, 2022 3:15p
loading...
/zigman2/quotes/200490352/delayed
JP : Japan: Tokyo
¥ 3,437.00
+17.00 +0.50%
Volume: 5.06M
Jan. 21, 2022 3:00p
P/E Ratio
6.69
Dividend Yield
3.20%
Market Cap
¥5894.57 billion
Rev. per Employee
¥68.05M
loading...
/zigman2/quotes/208507587/delayed
JP : Japan: Tokyo
¥ 2,553.50
-20.50 -0.80%
Volume: 3.51M
Jan. 21, 2022 3:00p
P/E Ratio
6.16
Dividend Yield
3.13%
Market Cap
¥2753.51 billion
Rev. per Employee
¥111.91M
loading...
/zigman2/quotes/207303954/delayed
JP : Japan: Tokyo
¥ 5,487.00
-40.00 -0.72%
Volume: 14.61M
Jan. 21, 2022 3:00p
P/E Ratio
3.29
Dividend Yield
0.00%
Market Cap
¥9471.16 billion
Rev. per Employee
¥202.22M
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
24,965.55
+13.20 +0.05%
Volume: 2.37M
Jan. 21, 2022 4:08p
loading...
/zigman2/quotes/204448177/delayed
HK : Hong Kong
$ 135.00
-1.00 -0.74%
Volume: 9.69M
Jan. 21, 2022 4:08p
P/E Ratio
32.21
Dividend Yield
1.24%
Market Cap
$249.06 billion
Rev. per Employee
$1.94M
loading...
/zigman2/quotes/201441510/delayed
HK : Hong Kong
$ 26.35
-1.60 -5.72%
Volume: 27.05M
Jan. 21, 2022 4:08p
P/E Ratio
12.93
Dividend Yield
1.52%
Market Cap
$33.78 billion
Rev. per Employee
$621,777
loading...
/zigman2/quotes/206687505/delayed
HK : Hong Kong
$ 209.20
-7.00 -3.24%
Volume: 6.37M
Jan. 21, 2022 4:08p
P/E Ratio
33.67
Dividend Yield
0.51%
Market Cap
$236.60 billion
Rev. per Employee
$1.87M
loading...
/zigman2/quotes/206921981/delayed
HK : Hong Kong
$ 6.08
+0.03 +0.50%
Volume: 45.80M
Jan. 21, 2022 4:08p
P/E Ratio
9.86
Dividend Yield
1.32%
Market Cap
$113.49 billion
Rev. per Employee
$1.24M
loading...
/zigman2/quotes/200847219/delayed
HK : Hong Kong
$ 9.87
+0.08 +0.82%
Volume: 51.94M
Jan. 21, 2022 4:08p
P/E Ratio
17.03
Dividend Yield
1.72%
Market Cap
$116.64 billion
Rev. per Employee
$1.43M
loading...
/zigman2/quotes/209399758/delayed
HK : Hong Kong
$ 47.05
+1.20 +2.62%
Volume: 1.42M
Jan. 21, 2022 4:08p
P/E Ratio
N/A
Dividend Yield
4.25%
Market Cap
$64.91 billion
Rev. per Employee
$2.74M
loading...
/zigman2/quotes/206654931/delayed
HK : Hong Kong
$ 158.20
+6.50 +4.28%
Volume: 4.63M
Jan. 21, 2022 4:08p
P/E Ratio
42.17
Dividend Yield
1.37%
Market Cap
$228.04 billion
Rev. per Employee
$317,447
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,294.86
+0.04 +0.0012%
Volume: 0.00
Jan. 21, 2022 5:20p
loading...
/zigman2/quotes/201344447/delayed
SG : Singapore: SGX
$ 1.78
0.00 0.00%
Volume: 6.82M
Jan. 21, 2022 5:07p
P/E Ratio
15.81
Dividend Yield
4.59%
Market Cap
$8.32 billion
Rev. per Employee
$2.39M
loading...
/zigman2/quotes/201087398/delayed
SG : Singapore: SGX
$ 1.37
0.00 0.00%
Volume: 1.35M
Jan. 21, 2022 5:04p
P/E Ratio
12.08
Dividend Yield
6.12%
Market Cap
$1.58 billion
Rev. per Employee
$15.34M
loading...
/zigman2/quotes/200043564/delayed
SG : Singapore: SGX
$ 0.66
+0.0050 +0.76%
Volume: 38.56M
Jan. 21, 2022 5:15p
P/E Ratio
15.64
Dividend Yield
3.09%
Market Cap
$16.45 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/207345635/delayed
SG : Singapore: SGX
$ 4.35
+0.01 +0.23%
Volume: 4.44M
Jan. 21, 2022 5:11p
P/E Ratio
12.22
Dividend Yield
3.22%
Market Cap
$27.36 billion
Rev. per Employee
$772,687
loading...
/zigman2/quotes/204020912/delayed
SG : Singapore: SGX
$ 2.88
0.00 0.00%
Volume: 330,500
Jan. 21, 2022 5:04p
P/E Ratio
22.61
Dividend Yield
5.03%
Market Cap
$3.90 billion
Rev. per Employee
$43,479
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,527.06
-0.69 -0.05%
Volume: 0.00
Jan. 21, 2022 5:05p
loading...
/zigman2/quotes/201898285/delayed
MY : Malaysia
RM 2.59
-0.11 -4.07%
Volume: 8.21M
Jan. 21, 2022 4:50p
P/E Ratio
27.82
Dividend Yield
1.20%
Market Cap
RM15.23 billion
Rev. per Employee
RM715,203
loading...
/zigman2/quotes/202788788/delayed
MY : Malaysia
RM 6.72
+0.10 +1.51%
Volume: 140,100
Jan. 21, 2022 4:44p
P/E Ratio
17.24
Dividend Yield
2.23%
Market Cap
RM5.94 billion
Rev. per Employee
RM117,069
loading...
/zigman2/quotes/201753024/delayed
MY : Malaysia
RM 8.28
0.00 0.00%
Volume: 3.70M
Jan. 21, 2022 4:44p
P/E Ratio
12.53
Dividend Yield
9.66%
Market Cap
RM98.35 billion
Rev. per Employee
RM1.02M
loading...
/zigman2/quotes/206600533/delayed
MY : Malaysia
RM 5.30
+0.05 +0.95%
Volume: 4.71M
Jan. 21, 2022 4:44p
P/E Ratio
14.41
Dividend Yield
0.00%
Market Cap
RM53.66 billion
Rev. per Employee
RM698,790
loading...
/zigman2/quotes/207614442/delayed
MY : Malaysia
RM 3.97
-0.01 -0.25%
Volume: 756,400
Jan. 21, 2022 4:44p
P/E Ratio
14.14
Dividend Yield
3.36%
Market Cap
RM27.52 billion
Rev. per Employee
RM197,459
loading...
/zigman2/quotes/205534063/delayed
AU : Australia: Sydney
$ 4.89
-0.15 -2.98%
Volume: 8.22M
Jan. 21, 2022 4:10p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$9.49 billion
Rev. per Employee
$215,400
loading...
/zigman2/quotes/200916351/delayed
NZ : New Zealand: NZX
$ 1.46
-0.0050 -0.34%
Volume: 537,628
Jan. 21, 2022 5:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.64 billion
Rev. per Employee
$278,571
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
2,834.29
-28.39 -0.99%
Volume: 532,753
Jan. 21, 2022 3:30p
loading...
/zigman2/quotes/209800866/delayed
KR : S. Korea: KRX
75,600.00
-900.00 -1.18%
Volume: 15.77M
Jan. 21, 2022 3:30p
P/E Ratio
14.65
Dividend Yield
1.91%
Market Cap
₩514125.91 billion
Rev. per Employee
₩2.42B
loading...
/zigman2/quotes/209966407/delayed
KR : S. Korea: KRX
133,500
-6,500 -4.64%
Volume: 1.95M
Jan. 21, 2022 3:30p
P/E Ratio
19.18
Dividend Yield
0.90%
Market Cap
₩23906.89 billion
Rev. per Employee
₩1.88B
loading...
/zigman2/quotes/207211423/delayed
KR : S. Korea: KRX
361,500
-4,500 -1.23%
Volume: 38,668
Jan. 21, 2022 3:30p
P/E Ratio
12.06
Dividend Yield
1.11%
Market Cap
₩5596.57 billion
Rev. per Employee
₩3.36B
loading...
/zigman2/quotes/204983831/delayed
KR : S. Korea: KRX
139,000
-2,000 -1.42%
Volume: 115,802
Jan. 21, 2022 3:30p
P/E Ratio
2.84
Dividend Yield
1.44%
Market Cap
₩3918.16 billion
Rev. per Employee
₩943.88M
loading...
/zigman2/quotes/208370876/delayed
KR : S. Korea: KRX
45,550.00
+200.00 +0.44%
Volume: 855,764
Jan. 21, 2022 3:30p
P/E Ratio
4.23
Dividend Yield
4.50%
Market Cap
₩13222.40 billion
Rev. per Employee
₩121.51B
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