Asian stock markets recover, led by Japan and Hong Kong

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Asian stock markets bounced back Thursday, led by strong gains in Japan and Hong Kong, as the U.S. offered to renew trade talks with China.

After falling for seven of the past nine sessions, Japan’s Nikkei












NIK, +0.96%










  was up nearly 1% as the index pushed back into positive territory for 2018. SoftBank












9984, +4.72%










  was up some 4.7%, and export-reliant companies such as Toyota












7203, +1.83%










  and Honda












7267, +1.96%










  were up nearly 2%.

Hong Kong stocks, down for six straight days, roared back to life, with the Hang Seng Index












HSI, +2.54%










  up 2.5%. Mainland heavyweights including Tencent












0700, +4.99%










 , China Construction Bank












0939, +3.31%










  and Ping An












2318, +2.70%










  were strong while Geely












0175, +8.36%










  rebounded more than 8% and beaten-down Macau casinos stocks climbed. But drugmakers remained under pressure on looming price cuts, with Sino Biopharma












2922, -1.60%










  and CSPC












1093, -2.04%










  both lower.

Trade hopes helped Chinese stocks rise, with the Shanghai Composite












SHCOMP, +1.15%










  up 1.1% after three straight declines while the Shenzhen Composite












399106, +0.71%










  gained 0.7%.

Korea’s Kospi












SEU, +0.14%










 , which came into today’s trading down 7.5% for the year, was up 0.1%, with Samsung












005930, -1.12%










  down 1.1%. Taiwan’s Taiex












Y9999, +0.04%










  was about flat, though chip maker Taiwan Semiconductor












2330, -2.11%










  fell after the unveiling of the new iPhones, which feature advanced A12 Bionic chips it produced with partner Apple Inc.












AAPL, -1.24%










 

Australia’s ASX 200












XJO, -0.76%










  was one of the few laggards on the day, down over 0.7%. New Zealand












NZ50GR, +0.58%










 gained nearly 0.6%. Benchmarks in Singapore












STI, +0.23%










 , Malaysia












FBMKLCI, +0.41%










  and Indonesia












JAKIDX, -0.57%










  rose.

Providing critical information for the U.S. trading day. Subscribe to MarketWatch’s free Need to Know newsletter. Sign up here.

2018-09-13 11:11:00

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