Philippines plunged 24% Thursday on reopening after a 2-day hiatus, while other Southeast Asian stock markets also sustained heavy losses on fears over the economic damage from the coronavirus pandemic.
Indonesian equities fell 5%, triggering a circuit breaker for the 4th time in 6 sessions. Financial and consumer stocks were the biggest losers, with Bank Central Asia and household goods maker Unilever Indonesia falling about 7% each.
Singapore shares dropped 4.3%, heading for a 7th straight session of losses. Lender Oversea-Chinese Banking Corp and conglomerate Jardine Strategic Holdings lost 4.2% and 11.7%, respectively.
Malaysian stocks slid 1.8% and is set for a 6th session running of losses, as the country observes a 2-week partial lockdown.
Indian stocks fell nearly 7% Thursday, in line with Asian peers, as unabated panic over the coronavirus pandemic eclipsed steps taken by global central banks to arrest the economic fallout from the outbreak.
The Korea Exchange said Thursday circuit breakers were triggered on the benchmark KOSPI and the junior KOSDAQ as shares plunged on panic over the coronavirus.
The nation’s bourse operator said the circuit breaker was activated at 12:05p on both KOSPI and KOSDAQ, and all trading on the indexes halted for 20 mins.
Japan’s share benchmark Nikkei sagged on Thursday, reversing earlier gains as the European Central Bank’s latest promise of stimulus only briefly comforted investors worried about the economic fallout from the coronavirus pandemic.
The Nikkei average slipped 0.7% to 16,602.26 by midday, not far from Tuesday’s 3-1/2-year low of 16,378.94. Earlier in the session, the index rose as much as 2.6%.
The benchmark S&P/ASX 200 index jumped 3% in early trade after the European Central Bank’s $817.43-B bond purchase announcement, but quickly lost its steam to trade 1.5% lower by 0200 GMT. The benchmark lost more than 6% Wednesday
New Zealand, the benchmark S&P/NZX 50 index fell 2.4%, or 222.45 points, to 9,232.44 as the total coronavirus cases rose to 28 and data showed that the economy slowed in Q-4 of Y 2019.
Data as of 19 March 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||12:35am EDT||112.38||+0.85||+0.76%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||12:34am EDT||232.41||-10.73||-4.41%|
|.TRXFLDINP||Thomson Reuters Equity India Index||12:35am EDT||918.07||-63.87||-6.50%|
|.N225||Nikkei Stock Average 225||12:46am EDT||16,477.88||-248.67||-1.49%|
|.HSI||Hang Seng Index||12:05am EDT||21,344.93||-946.89||-4.25%|
|.AORD||ASX All Ordinaries Index||1:05am EDT||4,779.00||-219.80||-4.40%|
|.KS11||KOSPI Index||1:06am EDT||1,463.93||-127.27||-8.00%|
|.SETI||SET Composite Index||12:50am EDT||1,016.97||-31.18||-2.97%|
|.JKSE||Jakarta Composite||1:00am EDT||4,099.09||-231.58||-5.35%|
|.PSI||PSE Composite Index||12:50am EDT||4,623.42||-711.95||-13.34%|
|.SSEC||Shanghai Composite Index||12:50am EDT||2,670.37||-58.39||-2.14%|
|.BSESN||S&P BSE Sensex||12:51am EDT||27,205.46||-1,664.05||-5.76%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||18 Mar 2020||1,209.28||-29.73||-2.40%|
|.HNX30||HNX 30 Index||17 Mar 2020||184.56||+1.70||+0.93%|
Have a healthy day