Australian shares eased 1.6% Friday, though gained for the 5th straight week as hopes of a faster-than-expected economic recovery Down Under from C-19 coronavirus chaos-induced disruptions outweighed worries of a deepened US-China rift.
The S&P/ASX 200 closed at 5,755.7 and saw its worst day in 2 wks, as markets nervously awaited a response from the US after China pushed ahead with a new national security law on Hong Kong.
New Zealand’s S&P/NZX 50 rebounded from a drop in the prior session to rise 0.2% at 10,882.41. The index gained for the 2nd month running.
China stocks edged up Friday to finish the week higher, as expectations that Beijing would take necessary measures to underpin the world’s second-largest economy overshadowed concerns over escalating US tensions.
At the close, the Shanghai Composite index was up 0.22% at 2,852.35, while the blue-chip CSI300 index was up 0.27%.
On the week, SSEC and CSI300 gained 1.4% and 1.1%, respectively.
MSCI’s broadest index of Asia-Pacific shares sans Japan , which includes China and a range of emerging and developed markets from across the region, fell 0.3%.
Indonesia and the Philippines stocks rose Friday as their economies started returning to life after the C-19 coronavirus chaos-induced lockdowns, while Singapore and Thailand tracked broader Asia lower
The Philippines stocks rose on plans to ease the lockdown in Manila, with the local benchmark extending its rally to a 3rd day and rising up to 1.5%. Big-cap financials BDO Unibank Inc and Security Bank Corp added as much as 9.3% and 5.4%, respectively.
Indonesian local media here reported that plans were underway to impose “new normal” protocols across 4 provinces, including Jakarta, aimed at increasing productivity even as C-19 cases continue to surge. The benchmark was up for a 4th session and hit its highest mark in nearly 2 months, with healthcare and consumer discretionary stocks contributing to most of the gains.
Vietnamese equities rose 0.4%, with the Real Estate sector leading gains.
Data as of 29 May 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:59am EDT||137.30||-1.08||-0.78%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||3:08am EDT||267.95||-0.18||-0.07%|
|.TRXFLDINP||Thomson Reuters Equity India Index||3:06am EDT||1,079.80||+1.98||+0.18%|
|.N225||Nikkei Stock Average 225||2:15am EDT||21,877.89||-38.42||-0.18%|
|.HSI||Hang Seng Index||3:23am EDT||22,964.64||-168.12||-0.73%|
|.AORD||ASX All Ordinaries Index||3:00am EDT||5,872.20||-85.60||-1.44%|
|.KS11||KOSPI Index||2:33am EDT||2,029.60||+1.06||+0.05%|
|.SETI||SET Composite Index||1:29am EDT||1,335.51||-2.00||-0.15%|
|.JKSE||Jakarta Composite||3:39am EDT||4,750.91||+34.72||+0.74%|
|.PSI||PSE Composite Index||12:50am EDT||5,838.84||+268.62||+4.82%|
|.SSEC||Shanghai Composite Index||3:10am EDT||2,852.35||+6.13||+0.22%|
|.BSESN||S&P BSE Sensex||3:24am EDT||32,096.38||-104.21||-0.32%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||3:15am EDT||1,461.17||+3.67||+0.25%|
|.HNX30||HNX 30 Index||27 May 2020||215.87||+1.41||+0.66%|
Have a healthy weekend, Keep the Faith!