Monday’s World Markets Outlook: Asia- Pacific

The S&P/ASX 200 index was up 4.3% at 5,286.80 at the close of trade, after the benchmark closed 1.7% down Friday.

Southeast Asian stock markets are higher Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections.

Major European nations reported lower virus death rates, with Italy seeing the number of patients in intensive care falling for the 2nd day running.

A rise in cases and deaths in Singapore, Indonesia and the Philippines kept gains in Southeast Asia stocks in check.

Australia’s benchmark index rose 0.5%, Japan’s Nikkei gained 0.2% and SKorea’s KOSPI index climbed 1.4%

MSCI’s broadest index of Asian shares sans Japan edged up 0.1%

Aiding positive sentiment US stock futures gained more than 1.5% in early Asian trading after US President Trump expressed hope the country was seeing a “levelling off” of the coronavirus crisis.

There are early signs that overall market volatility is easing.

The Vietnam benchmark rose for a 4th straight session, up as much as 3.7%, as financial and real estate stocks jumped. The index was the top gainer in the region.

Indonesian stocks added as much as 2.6% and hit a 3-wk high. The financial sector led gains, with PT Bank Central Asia Tbk and PT Bank Mandiri (Persero) Tbk rising up to 2.7% and 4%, respectively.

Singaporean shares climbed more than 2%. Heavyweight financials United Overseas Bank Ltd rose 3% and DBS Group Holdings Ltd advanced 2.1%.

In the Philippines, the benchmark added up to 1.5%, while Malaysian equities were trading flat.

Thai markets were closed for a Holiday.

ASIA/PACIFIC INDICES

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

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:58am EDT120.41+4.34+3.74%
.TRXFLDHKPThomson Reuters Equity HK Index2:58am EDT263.55+4.39+1.69%
.TRXFLDINPThomson Reuters Equity India Index2:58am EDT926.53+0.00+0.00%
.N225Nikkei Stock Average 2252:15am EDT18,576.30+756.11+4.24%
.HSIHang Seng Index3:14am EDT23,724.16+488.05+2.10%
.AORDASX All Ordinaries Index3:00am EDT5,323.60+216.70+4.24%
.KS11KOSPI Index2:30am EDT1,791.88+66.44+3.85%
.SETISET Composite Index3 Apr 20201,138.84+0.57+0.05%
.JKSEJakarta Composite3:29am EDT4,782.05+158.62+3.43%
.PSIPSE Composite Index12:50am EDT5,570.81+223.84+4.19%
.SSECShanghai Composite Index3 Apr 20202,763.99-16.65-0.60%
.BSESNS&P BSE Sensex3 Apr 202027,590.95-674.36-2.39%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:14am EDT1,340.28+9.63+0.72%
.HNX30HNX 30 Index2 Apr 2020179.54+5.50+3.16%

Have a healthy week, stay at home!

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