Asian share markets were down Thursday, clouded by the rising US coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims.
With hopes growing that the worst of the outbreak may have passed for China and SKorea, the mood was less bleak than on Wall Street, which fell overnight but the futures are up now.
European futures inched higher, with EuroSTOXX 50 futures up 0.2% and DAX and FTSE futures making tiny gains.
E-mini futures for the S&P 500 bounced 1.6% after the decline Wednesday.
Crude Oil rose on hints of an end to the Russia-Saudi Arabia price war, and riskier currencies made headway late in the session.
Yet MSCI’s broadest index of Asia-Pacific shares sans Japan struggled to advance, and traded flat. Japan’s Nikkei followed a heavy fall on Wednesday with a 1.4% drop.
People trying to figure out how much of the month-end moves last week were just a Bear market rally, or real.
Hong Kong stocks erased earlier losses to close higher Thursday, led by energy shares as crude oil futures jumped on hopes for a deal to end the price war between Saudi Arabia and Russia.
At the close of trade, the Hang Seng index was up 194.27 points, or 0.84%, at 23,280.06. The Hang Seng China Enterprises index rose 1.29% to 9,526.56.
Australia’s bank-heavy benchmark stayed in the red, closing down 2%, after New Zealand’s central bank ordered a suspension of bank dividends – hitting Australia’s banks, which own most of New Zealand’s big lenders.
Data as of 2 April 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||3:43am EDT||116.56||-1.87||-1.58%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||4:22am EDT||259.97||+2.49||+0.97%|
|.TRXFLDINP||Thomson Reuters Equity India Index||4:22am EDT||944.86||+0.00||+0.00%|
|.N225||Nikkei Stock Average 225||2:15am EDT||17,818.72||-246.69||-1.37%|
|.HSI||Hang Seng Index||4:08am EDT||23,280.06||+194.27||+0.84%|
|.AORD||ASX All Ordinaries Index||2:23am EDT||5,188.70||-102.00||-1.93%|
|.KS11||KOSPI Index||2:33am EDT||1,724.86||+39.40||+2.34%|
|.SETI||SET Composite Index||4:36am EDT||1,134.94||+29.43||+2.66%|
|.JKSE||Jakarta Composite||4:14am EDT||4,531.69||+65.65||+1.47%|
|.PSI||PSE Composite Index||12:50am EDT||5,342.31||-66.21||-1.22%|
|.SSEC||Shanghai Composite Index||3:59am EDT||2,780.64||+46.12||+1.69%|
|.BSESN||S&P BSE Sensex||1 Apr 2020||28,265.31||-1,203.18||-4.08%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||4:36am EDT||1,328.79||+6.13||+0.46%|
|.HNX30||HNX 30 Index||31 Mar 2020||174.04||+6.15||+3.66%|
Have a healthy day, stay home!