Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic.
Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases stoked worries of tougher domestic restrictions for social distancing.
The Nikkei share average dropped 4.51% to 18,664.60. It had risen 18% in the last 3 sessions, including an 8% gainer the Wednesday its biggest since Y 2008.
Australian shares settled higher for a 3rd session running Thursday, as investor sentiment was lifted by the US Senate passing a massive stimulus package to mitigate the economic blow from the coronavirus epidemic and curb its spread.
The S&P/ASX 200 index climbed 2.3% at 5,113.30, its highest close in a week, after Wednesday’s 5.5% gainer.
New Zealand’s benchmark S&P/NZX 50 index gained 3.8%, or 355.6 pts, at 9,619.9.
Chinese shares finished lower Thursday following 2 days of gains as China reported another rise in imported coronavirus cases. At the midday break, the Shanghai Composite index was down 0.18% at 2,776.64.
China’s blue-chip CSI300 index was down 0.16%, with its financial sector sub-index higher by 0.31%, the consumer staples sector up 0.42%, the real estate index down 0.25% and the healthcare sub-index up 0.78%.
Chinese H-shares listed in Hong Kong rose 0.19% to 9,548.04, while the Hang Seng Index was unchanged at 23,527.82.
The smaller Shenzhen index was down 0.34% and the start-up board ChiNext Composite index was weaker by 0.22%.
The Hang Seng erased losses late in the morning session after the U.S. Senate unanimously passed a $2-T bill aimed at helping unemployed workers and industries hurt by the coronavirus pandemic.
Philippine shares gained 4.9%, with property developers SM Prime Holdings Inc and Ayala Land gaining 9.6% and 6.7%, respectively.
The Malaysian index moved 0.7% higher, with gains led by telecom and utilities stocks.
Thai equities added 0.5%. Thailand has put into effect a state of emergency until the end of April, sealing off its borders from non-resident foreigners to contain the virus, though it held off on restricting people’s movement inside the country.
Singapore cut its F-Y GDP forecast and is set to announce more relief measures later, weeks after unleashing multi-billion dollar packages.
Data as of 26 March 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:57am EDT||122.72||-2.37||-1.89%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||2:57am EDT||259.54||-0.26||-0.10%|
|.TRXFLDINP||Thomson Reuters Equity India Index||2:57am EDT||981.46||+41.52||+4.42%|
|.N225||Nikkei Stock Average 225||2:15am EDT||18,664.60||-882.03||-4.51%|
|.HSI||Hang Seng Index||3:14am EDT||23,357.45||-169.74||-0.72%|
|.AORD||ASX All Ordinaries Index||2:15am EDT||5,135.20||+129.00||+2.58%|
|.KS11||KOSPI Index||2:33am EDT||1,686.24||-18.52||-1.09%|
|.SETI||SET Composite Index||1:29am EDT||1,095.02||+14.99||+1.39%|
|.JKSE||Jakarta Composite||3:29am EDT||4,327.93||+390.30||+9.91%|
|.PSI||PSE Composite Index||12:50am EDT||5,401.58||+373.82||+7.44%|
|.SSEC||Shanghai Composite Index||3:00am EDT||2,764.91||-16.68||-0.60%|
|.BSESN||S&P BSE Sensex||3:14am EDT||29,986.43||+1,450.65||+5.08%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||25 Mar 2020||1,333.39||+8.89||+0.67%|
|.HNX30||HNX 30 Index||24 Mar 2020||181.30||+6.32||+3.61%|
Have a healthy day, stay home!