Monday’s World Markets Outlook: Asia-Pacific

Japanese shares fell Monday as investors worried about the impact of the coronavirus outbreak on corporate earnings, though stocks of Key Crude Oil exploration firms rose after major producers finally agreed their biggest-ever output cut.

The benchmark Nikkei average dropped 2.3% to 19,043.40 on subdued activity.

China stocks dipped Monday, as the country’s new daily coronavirus cases approached a near 6-wk high.

At the midday break, the Shanghai Composite index was down 0.33% at 2,787.28 pts.

China’s blue-chip CSI300 index was down 0.25%, with its financial sector sub-index lower by 0.54%, the consumer staples sector down 0.6%, the Real Estate index up 0.27% and the healthcare sub-index up 0.71%.

** The smaller Shenzhen index was down 0.56% and the start-up board ChiNext Composite index was weaker by 1.24%

Most Southeast Asian stock markets were quiet Monday, as an agreement by OPEC+ to slash Crude Oil output did little to calm investors plagued by the incessant spread of the new coronavirus, while Philippine shares rose on hopes of policy easing.

Indonesia reported the biggest daily jump in the coronavirus infection Friday, while the Philippines recorded its highest single-day death toll.

Indonesian stocks see-sawed in early trade and were last down 0.5%. Financials were the top drags, with PT Bank Central Asia Tbk shedding 1.3%.

Indonesia Sunday imposed curbs on public transport ahead of the annual exodus to home villages that marks the end of the Muslim fasting month of Ramadan.

Philippine shares rose as much as 1.2%, aided by gains in conglomerates such as Ayala Land and GT Capital Holdings. The central bank governor on Sunday said another 200 bspt cut in the reserve requirement ratio was “forthcoming” and signalled more cuts in its policy interest rate to counter the impact from the pandemic.

Vietnamese equities climbed as much as 1.3%, led by financials. Vietnam Prosperity Joint Stock Commercial Bank jumped 7%.

Singapore and Malaysia were little changed. Malaysia extended movement and travel restrictions on Friday for another 2 wks until 28 April.

Thai shares were almost flat, with Airports of Thailand Pcl falling more than 5%.

ASIA-PACIFIC INDICES

Data as of 13 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:47am EDT123.23-2.08-1.66%
.TRXFLDHKPThomson Reuters Equity HK Index2:47am EDT271.26+0.00+0.00%
.TRXFLDINPThomson Reuters Equity India Index2:47am EDT1,033.26-5.44-0.52%
.N225Nikkei Stock Average 2252:15am EDT19,043.40-455.10-2.33%
.HSIHang Seng Index9 Apr 202024,300.33+329.96+1.38%
.AORDASX All Ordinaries Index9 Apr 20205,439.40+180.60+3.43%
.KS11KOSPI Index2:32am EDT1,825.76-34.94-1.88%
.SETISET Composite Index1:29am EDT1,226.20-1.83-0.15%
.JKSEJakarta Composite3:19am EDT4,629.73-19.35-0.42%
.PSIPSE Composite Index12:50am EDT5,610.98+100.15+1.82%
.SSECShanghai Composite Index3:00am EDT2,783.05-13.58-0.49%
.BSESNS&P BSE Sensex3:03am EDT30,810.12-349.50-1.12%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:02am EDT1,358.46+0.96+0.07%
.HNX30HNX 30 Index9 Apr 2020200.22+2.34+1.18%

Have a healthy week, stay home, Keep the Faith!

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