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Oct. 9, 2018, 6:31 a.m. EDT

Nikkei slips, but Chinese stocks bounce back after Monday’s plunge

Hang Seng logs 6th straight day of losses

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By Dow Jones Newswire


AFP/Getty Images
China's Xu Han, left, grabs a rebound against Australia.

Asian markets were mixed Tuesday, with Chinese equities rising while Japanese stock markets, back from a holiday, declined.

Japan’s Nikkei /zigman2/quotes/210597971/delayed JP:NIK +0.73% dropped 1.3%, though analysts said that was mostly a catch-up reaction to Monday’s widespread regional declines that took place while Japanese markets were closed for a holiday. Electronics were among the biggest decliners as concerns over U.S.-China trade tensions continue to grow and as the yen /zigman2/quotes/210561789/realtime/sampled USDJPY -0.0300% has rebounded since Friday. Sharp /zigman2/quotes/203224600/delayed JP:6753 -0.93% fell more than 5% and Renesas /zigman2/quotes/203872935/delayed JP:6723 +7.51% was down 4.6% amid broad selling. Financials have fallen less, with bond yields remaining up. The 10-year JGB was up a 0.9 basis point at 0.154%.

Hong Kong’s Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI +3.14% was down 0.1%, notching its second six-day losing streak in a month. Tencent /zigman2/quotes/204605823/delayed HK:700 +9.93% hit a 15-month lows in dropping more than 1%. Meanwhile, auto maker Geely /zigman2/quotes/200716015/delayed HK:175 +7.37% skidded 5.2% after its September sales report. But oil heavyweight CNOOC /zigman2/quotes/203421416/delayed HK:883 +0.26%  climbed 2%.

Chinese stocks were mixed after Monday’s steep 4% slides left indexes there near multiyear lows. The Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +1.49% rose nearly 0.2% while the smaller-cap Shenzhen Composite /zigman2/quotes/210598015/delayed CN:399106 +3.07% declined 0.1%.

Australia’s ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.52% slipped 1%, dragged by financial stocks such as Commonwealth Bank of Australia /zigman2/quotes/200638713/delayed AU:CBA +0.15% . New Zealand’s benchmark /zigman2/quotes/211587880/delayed NZ:NZ50GR +1.06% fell almost as much.

Singapore’s stock benchmark /zigman2/quotes/210597985/delayed SG:STI +0.96% hit a three-week low while Malaysia’s benchmark /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.19% slipped slightly as well. Taiwan’s Taiex gained a bit. South Korean markets were closed for a holiday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
27,782.42
+200.76 +0.73%
Volume: 0.00
July 29, 2021 3:15p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
109.8800
-0.0330 -0.0300%
Volume: 0.0000
July 29, 2021 4:01a
loading...
/zigman2/quotes/203224600/delayed
JP : Japan: Tokyo
¥ 1,703.00
-16.00 -0.93%
Volume: 1.54M
July 29, 2021 3:00p
P/E Ratio
19.44
Dividend Yield
1.76%
Market Cap
¥1064.02 billion
Rev. per Employee
¥48.06M
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/zigman2/quotes/203872935/delayed
JP : Japan: Tokyo
¥ 1,174.00
+82.00 +7.51%
Volume: 30.99M
July 29, 2021 3:00p
P/E Ratio
43.06
Dividend Yield
N/A
Market Cap
¥2200.80 billion
Rev. per Employee
¥38.16M
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/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,273.27
+799.39 +3.14%
Volume: 2.73M
July 29, 2021 3:46p
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/zigman2/quotes/204605823/delayed
HK : Hong Kong
$ 491.60
+44.40 +9.93%
Volume: 66.20M
July 29, 2021 3:46p
P/E Ratio
23.15
Dividend Yield
0.33%
Market Cap
$4233.00 billion
Rev. per Employee
$10.55M
loading...
/zigman2/quotes/200716015/delayed
HK : Hong Kong
$ 25.50
+1.75 +7.37%
Volume: 138.08M
July 29, 2021 3:46p
P/E Ratio
39.71
Dividend Yield
0.78%
Market Cap
$223.42 billion
Rev. per Employee
$2.72M
loading...
/zigman2/quotes/203421416/delayed
HK : Hong Kong
$ 7.76
+0.02 +0.26%
Volume: 139.63M
July 29, 2021 3:46p
P/E Ratio
12.32
Dividend Yield
5.80%
Market Cap
$346.91 billion
Rev. per Employee
$9.51M
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,411.72
+50.13 +1.49%
Volume: 34.46B
July 29, 2021 3:01p
loading...
/zigman2/quotes/210598015/delayed
CN : Shenhzen Stock Exchange
2,384.17
+70.97 +3.07%
Volume: 43.91B
July 29, 2021 3:00p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,417.40
+38.10 +0.52%
Volume: 514,960
July 29, 2021 5:11p
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/zigman2/quotes/200638713/delayed
AU : Australia: Sydney
$ 99.45
+0.15 +0.15%
Volume: 1.74M
July 29, 2021 4:10p
P/E Ratio
22.14
Dividend Yield
2.49%
Market Cap
$178.49 billion
Rev. per Employee
$917,769
loading...
/zigman2/quotes/211587880/delayed
NZ : New Zealand: NZX
12,728.85
+133.53 +1.06%
Volume: 0.00
July 29, 2021 4:59p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,171.82
+30.07 +0.96%
Volume: 0.00
July 29, 2021 3:46p
loading...
/zigman2/quotes/210598052/delayed
MY : Malaysia
1,512.53
-2.86 -0.19%
Volume: 0.00
July 29, 2021 3:46p
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