Monday’s World Markets Outlook: Asia-Pacific

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Australian shares finished lower Monday, snapping 4 straight sessions of gainers, as a spike in domestic cases of the C-19 coronavirus brought fresh restrictions and renewed fears of further economic pain.

The S&P/ASX 200 index closed 0.7% lower to 6,014.6, YTD the index has shed 9.37%.

New Zealand’s benchmark S&P/NZX 50 index rose 0.8%.

China stocks closed higher for a 5th session running Monday, extending a robust rally, led by financial shares on hopes of a quick economic recovery, Beijing’s continued reforms in the capital markets and ample liquidity.

The blue-chip CSI300 index closed up 5.7% at 4,670.09 pts, its highest mark since 25 June 2015, while the Shanghai Composite Index climbed 5.7% at 3,332.88 pts, its highest since March 2018.

CSI300 posted its biggest 1-day gainer since 25 February 2019, while SSEC logged its best session since 9 July 2015.

Hong Kong shares closed at a more than 4-month high Monday, tracking equities in the Mainland that rose on hopes of a faster economic recovery, Beijing’s continued reforms in the capital markets and ample liquidity.

The Hang Seng index rose 3.8% to 26,339.16, while the China Enterprises Index gained 4.7%, to 10,726.83. Both indexes closed at their highest marks since 5 March.

The sub-index of the Hang Seng tracking energy shares rose 3.9%, while the IT sector rose 1.05%; the financial sector ended 4.85% higher and the property sector rose 4.21%.

ASIA-PACIFIC INDEXES

Data as of 6 July 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:45am EDT138.36+2.12+1.56%
.TRXFLDHKPThomson Reuters Equity HK Index5:46am EDT317.16+10.16+3.31%
.TRXFLDINPThomson Reuters Equity India Index5:52am EDT1,227.32+14.90+1.23%
.N225Nikkei Stock Average 2252:15am EDT22,714.44+407.96+1.83%
.HSIHang Seng Index4:08am EDT26,339.16+966.04+3.81%
.AORDASX All Ordinaries Index3:11am EDT6,125.90-37.80-0.61%
.KS11KOSPI Index5:03am EDT2,187.93+35.52+1.65%
.SETISET Composite Index3 Jul 20201,372.27-1.86-0.14%
.JKSEJakarta Composite4:14am EDT4,988.87+15.07+0.30%
.PSIPSE Composite Index12:50am EDT6,328.41-44.25-0.69%
.SSECShanghai Composite Index3:00am EDT3,332.88+180.07+5.71%
.BSESNS&P BSE Sensex6:08am EDT36,487.28+465.86+1.29%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,576.90+24.25+1.56%
.HNX30HNX 30 Index5 Jul 2020216.43+1.49+0.69%

Have a healthy week, Keep the Faith!

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