Bulletin
Investor Alert

New York Markets Open in:

Associated Press Archives | Email alerts

April 14, 2021, 11:45 p.m. EDT

Nikkei ticks higher, while stocks fall in Hong Kong and Shanghai

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Goldman Sachs Group Inc. (GS)
  • X
    JPMorgan Chase & Co. (JPM)
  • X
    Wells Fargo & Co. (WFC)

or Cancel Already have a watchlist? Log In

By Associated Press

BEIJING — Asian stock markets were mixed Thursday after Wall Street retreated from a record high as major banks reported strong profits at the start of the U.S. earnings season.

Wall Street’s benchmark S&P 500 index closed 0.4% below the previous day’s record due to losses for major tech stocks while smaller companies rallied.

Goldman Sachs /zigman2/quotes/209237603/composite GS -2.38% , JPMorgan Chase /zigman2/quotes/205971034/composite JPM -1.66% and Wells Fargo /zigman2/quotes/203790192/composite WFC -1.89% announced quarterly earnings that beat forecasts. Much of the surge was due to strong trading revenue and expectations for better economic performance, which allowed banks to free up reserves held against the possibility loans might go bad.

The results showed “investment banking and trading are strong and that the party will go on for a couple more quarters,” said Edward Moya of Oanda in a report.

The Shanghai Composite Index /zigman2/quotes/210598127/delayed CN:SHCOMP +0.61% lost 1.2% while the Hang Seng /zigman2/quotes/210598030/delayed HK:HSI +0.78% in Hong Kong declined 1.1%. The Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -1.61% in Tokyo gained 0.1% and the Kospi /zigman2/quotes/210598069/delayed KR:180721 -1.49% in Seoul added 0.2%. The S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO -0.73% in Sydney was up 0.2%. Benchmark indexes in Singapore /zigman2/quotes/210597985/delayed SG:STI -0.67% , Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -4.11% and Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX -0.63% inched higher.

On Wall Street, the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.87% declined to 4,124.66. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.36% rose 0.2% to 33,730.89. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -0.09% dropped 1% to 13,857.84.

In energy markets, benchmark U.S. crude lost 10 cents to $63.05 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $2.97 on Wednesday to $63.15. Brent crude , used to price international oils, shed 4 cents to $66.54 per barrel in London. It gained $2.91 the previous session to $66.58.

The dollar /zigman2/quotes/210561789/realtime/sampled USDJPY +0.0957% edged down to 108.91 Japanese yen from Wednesday’s 108.94 yen.

/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 359.92
-8.76 -2.38%
Volume: 3.73M
May 11, 2021 4:00p
P/E Ratio
8.95
Dividend Yield
1.39%
Market Cap
$125.43 billion
Rev. per Employee
$1.31M
loading...
/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 158.54
-2.68 -1.66%
Volume: 15.45M
May 11, 2021 4:00p
P/E Ratio
12.58
Dividend Yield
2.27%
Market Cap
$488.03 billion
Rev. per Employee
$498,110
loading...
/zigman2/quotes/203790192/composite
US : U.S.: NYSE
$ 45.72
-0.88 -1.89%
Volume: 31.48M
May 11, 2021 4:02p
P/E Ratio
31.69
Dividend Yield
0.87%
Market Cap
$192.62 billion
Rev. per Employee
$293,069
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,462.75
+20.91 +0.61%
Volume: 31.14B
May 12, 2021 3:01p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
28,231.04
+217.23 +0.78%
Volume: 2.13M
May 12, 2021 4:08p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
28,147.51
-461.08 -1.61%
Volume: 0.00
May 12, 2021 3:15p
loading...
/zigman2/quotes/210598069/delayed
KR : Korea Exchange
3,161.66
-47.77 -1.49%
Volume: 1.42M
May 12, 2021 3:30p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,044.90
-52.10 -0.73%
Volume: 644,645
May 12, 2021 5:12p
loading...
/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,123.26
-21.01 -0.67%
Volume: 0.00
May 12, 2021 5:20p
loading...
/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
15,902.37
-680.76 -4.11%
Volume: 0.00
May 12, 2021 1:33p
loading...
/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
5,938.35
-37.44 -0.63%
Volume: 0.00
May 11, 2021 3:00p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,152.10
-36.33 -0.87%
Volume: 2.44B
May 11, 2021 5:24p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,269.16
-473.66 -1.36%
Volume: 413.18M
May 11, 2021 5:24p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
13,389.43
-12.43 -0.09%
Volume: 4.17M
May 11, 2021 5:16p
loading...
/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
108.7270
+0.1040 +0.0957%
Volume: 0.0000
May 12, 2021 6:37a
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.