Friday’s World Markets Outlook: Asia-Pacific

Around the region, MSCI’s Asia sans Japan’s stock index was weaker by 1.50%

Japanese shares declined to 1.5 wk lows Friday after Wall Street dove on fears that a resurgence of C-19 infections could stunt the pace of reopening economies. Though not likely.

The benchmark Nikkei average settled 0.75% lower at 22,305.48, its weakest close since 1 June, erasing some of the earlier losses on a positive lead from US futures.

The broader Topix lost 1.15% to 1,570.68, its lowest close since 1 June.

China stocks fell sharply in early trade Friday after Wall Street dove on fears of a virus resurgence, though they regained most of the ground following Beijing’s pledge to push forward with capital market reforms.

At the midday break, the Shanghai Composite index was down 0.38% to 2,909.73, while the blue-chip CSI300 index was down 0.45%.

Both indexes fell as much as 1.7% soon after the market started trading.

Chinese H-shares listed in Hong Kong fell 1.43% to 9,802.78, while the Hang Seng Index was down 1.3% to 24,162.78.

Australian shares dropped 3% for a 2nd straight session Friday.

The S&P/ASX 200 index dropped 3% or 177.5 pts to 5,783.1 by 0044 GMT, having closed 3.1% weaker Thursday.

New Zealand’s benchmark S&P/NZX 50 index recouped much of its earlier losses to trade down 2.2% or 250.2 pts to 10,904.8.

Asia-Pacific Indexes

Data as of 12 June 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:40am EDT137.99-1.53-1.10%
.TRXFLDHKPThomson Reuters Equity HK Index2:42am EDT284.10-2.17-0.76%
.TRXFLDINPThomson Reuters Equity India Index2:41am EDT1,120.54-14.10-1.24%
.N225Nikkei Stock Average 2252:15am EDT22,305.48-167.43-0.75%
.HSIHang Seng Index2:57am EDT24,137.32-342.83-1.40%
.AORDASX All Ordinaries Index2:17am EDT5,959.90-119.60-1.97%
.KS11KOSPI Index2:33am EDT2,132.30-44.48-2.04%
.SETISET Composite Index1:29am EDT1,369.01-27.76-1.99%
.JKSEJakarta Composite3:12am EDT4,809.60-45.15-0.93%
.PSIPSE Composite Index11 Jun 20206,476.24+36.87+0.57%
.SSECShanghai Composite Index2:57am EDT2,920.21-0.69-0.02%
.BSESNS&P BSE Sensex2:57am EDT32,971.67-566.70-1.69%
.FTFBMKLCIFTSE Bursa Malaysia KLCI2:57am EDT1,536.27-20.98-1.35%
.HNX30HNX 30 Index10 Jun 2020224.36-13.03-5.49%

Have a healthy weekend, Keep the Faith!