Japanese shares Thursday tracked overnight losses on the Wall Street, as economic damage from COVID-19 weighed on investor sentiment, with banks and automakers leading the declines.
The benchmark Nikkei average ended 1.3% lower at 19,290.20. The Nikkei’s volatility index, a measure of investors’ volatility expectations based on option pricing and considered to be a fear gauge, rose 8.6% at 39.3
China stocks fell Thursday ahead of the release of Q-1 GDP data, which analysts widely expect will show the economy suffering its 1st Quarterly contraction in nearly 30 yrs as the new coronavirus outbreak paralyses activity.
At the midday break, the Shanghai Composite index was down 0.2% to 2,806.46. The blue-chip CSI300 index was down 0.4%.
CSI300’s financial sector sub-index fell 0.3%, the consumer staples sector was down 0.8% and the healthcare sub-index slipped 0.1%.
Chinese H-shares listed in Hong Kong fell 0.6%, while the Hang Seng Index was down 0.8% at 23,954.81.
The smaller Shenzhen index lost 0.3% and the start-up board ChiNext Composite index edged up 0.5%
Indian stocks fell Thursday as IT shares took a beating after Wipro Ltd flagged a hit from the coronavirus pandemic, with worrying data from the United States and grim economic outlook for Asia further weighing on investor sentiment.
The NSE Nifty 50 index was down 0.3% to 8,898.25 by 0507 GMT, while the benchmark S&P BSE Sensex slipped 0.36% to 30,271.27. Both indexes fell as much as 1.2% in early trade.
Southeast Asian stock markets fell Thursday, with Philippines shares losing as much as 4%, as investor sentiment was hurt by dire economic data from the United States and prospects of extensive damage to Asia as a fallout of the coronavirus outbreak.
Leading the fall, the Philippine index slumped up to 4.3% in early trade. Heavyweight conglomerates Ayala Land and SM Investments shed 6.9% and 3.6%, respectively.
Indonesian stocks shed as much as 2%, with financials weighing on the index. PT Bank Central Asia Tbk slipped 2% while PT Bank Mandiri (Persero) Tbk lost 5.7%.
An overnight slump in oil prices pushed the energy-heavy Thai index more than 1% lower. PTT Pcl and PTT Exploration and Production Pcl lost around 3%, each.
Shares in Vietnam fell as much as 0.8%, with losses led by financials. Joint Stock Commercial Bank for Foreign Trade of Vietnam skid 1.6%.
Malaysian equities slipped as much as 0.7%, while Singaporean stocks were slightly lower.
Australian shares dropped more than 2% Thursday as dour U.S. economic data and dismal earnings from Wall Street heavyweights painted a grim picture of the extent of damage from the coronavirus crisis.
The S&P/ASX 200 erased this week’s gains to trade 1.5% lower at 5,387.6 pts, as of 0130 GMT, with heavyweight miners and financials shedding 2.4% and 2.8%, respectively, as dealers braced for consumer inflation and March employment figures later in the day. Earlier in the session, the benchmark index dropped as much as 2.1%.
New Zealand’s benchmark S&P/NZX 50 index advanced for a third straight session and added 1.3%.
The bourse climbed to its highest level since 12 March
Data as of 16 April 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:59am EDT||124.65||-1.02||-0.81%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||3:05am EDT||271.12||+0.61||+0.23%|
|.TRXFLDINP||Thomson Reuters Equity India Index||3:06am EDT||1,034.84||+8.64||+0.84%|
|.N225||Nikkei Stock Average 225||2:15am EDT||19,290.20||-259.89||-1.33%|
|.HSI||Hang Seng Index||3:22am EDT||24,012.11||-133.23||-0.55%|
|.AORD||ASX All Ordinaries Index||2:54am EDT||5,467.60||-55.70||-1.01%|
|.KS11||KOSPI Index||2:33am EDT||1,857.07||-0.01||-0.00%|
|.SETI||SET Composite Index||1:29am EDT||1,215.54||-20.56||-1.66%|
|.JKSE||Jakarta Composite||3:36am EDT||4,474.19||-151.72||-3.28%|
|.PSI||PSE Composite Index||12:50am EDT||5,525.60||-420.45||-7.07%|
|.SSEC||Shanghai Composite Index||3:01am EDT||2,819.94||+8.76||+0.31%|
|.BSESN||S&P BSE Sensex||3:22am EDT||30,568.02||+188.21||+0.62%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||3:21am EDT||1,395.75||+7.96||+0.57%|
|.HNX30||HNX 30 Index||14 Apr 2020||205.46||+2.60||+1.28%|
Have a healthy day, Keep the Faith!