Asian markets were powered Monday by signs China’s economic recovery was gaining momentum with pent-up demand, fiscal stimulus and surprisingly resilient exports boosting sentiment across the region.
MSCI’s broadest index of Asia-Pacific shares sans Japan advanced 0.7% to 551.48, but stayed within striking distance of a 2-month low of 543.66 hit last wk.
Australian shares closed lower Monday, with financials and consumers stocks weighing.
The S&P/ASX 200 index swung between gains and losses throughout the session before settling 0.2% lower to 5,952.3.
New Zealand’s benchmark S&P/NZX 50 index ended higher at 11,802.29.
The Nikkei 500 has gained 7.7% YTD, compared with a 0.6% fall in the Nikkei 225. In USD terms, the 500 has risen more than 11% beating 2.1% gains in the US S&P 500 .SPX.
Some fund managers say it is a superior benchmark compared with the better-known Nikkei average.
China’s blue-chip index finished up Monday, as industrial firms posted profit growth for a fourth straight month in August, pointing to a continued recovery in the world’s second-largest economy from the coronavirus crisis.
The blue-chip CSI300 index rose 0.3%, at 4,581.91, while the Shanghai Composite Index slipped 0.1% to 3,217.53.
Data as of 28 September 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||3:41am EDT||145.74||+2.36||+1.65%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||5:42am EDT||299.68||+2.86||+0.96%|
|.TRXFLDINP||Thomson Reuters Equity India Index||7:29am EDT||1,313.40||+23.95||+1.86%|
|.N225||Nikkei Stock Average 225||2:15am EDT||23,511.62||+307.00||+1.32%|
|.HSI||Hang Seng Index||4:08am EDT||23,476.05||+240.63||+1.04%|
|.AORD||ASX All Ordinaries Index||3:28am EDT||6,134.90||-5.60||-0.09%|
|.KS11||KOSPI Index||5:01am EDT||2,308.08||+29.29||+1.29%|
|.SETI||SET Composite Index||5:49am EDT||1,263.02||+18.08||+1.45%|
|.JKSE||Jakarta Composite||4:14am EDT||4,906.55||-39.24||-0.79%|
|.PSI||PSE Composite Index||12:50am EDT||5,861.39||+22.73||+0.39%|
|.SSEC||Shanghai Composite Index||3:00am EDT||3,217.53||-1.88||-0.06%|
|.BSESN||S&P BSE Sensex||7:58am EDT||37,981.63||+592.97||+1.59%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||5:04am EDT||1,511.66||+2.52||+0.17%|
|.HNX30||HNX 30 Index||27 Sep 2020||247.61||+2.85||+1.16%|
Have a healthy week, Keep the Faith!