Thursday’s World Markets Outlook: Asia-Pacific

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

ASIA-PACIFIC INDICES

Data as of 16 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT124.65-1.02-0.81%
.TRXFLDHKPThomson Reuters Equity HK Index3:05am EDT271.12+0.61+0.23%
.TRXFLDINPThomson Reuters Equity India Index3:06am EDT1,034.84+8.64+0.84%
.N225Nikkei Stock Average 2252:15am EDT19,290.20-259.89-1.33%
.HSIHang Seng Index3:22am EDT24,012.11-133.23-0.55%
.AORDASX All Ordinaries Index2:54am EDT5,467.60-55.70-1.01%
.KS11KOSPI Index2:33am EDT1,857.07-0.01-0.00%
.SETISET Composite Index1:29am EDT1,215.54-20.56-1.66%
.JKSEJakarta Composite3:36am EDT4,474.19-151.72-3.28%
.PSIPSE Composite Index12:50am EDT5,525.60-420.45-7.07%
.SSECShanghai Composite Index3:01am EDT2,819.94+8.76+0.31%
.BSESNS&P BSE Sensex3:22am EDT30,568.02+188.21+0.62%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:21am EDT1,395.75+7.96+0.57%
.HNX30HNX 30 Index14 Apr 2020205.46+2.60+1.28%

Have a healthy day, Keep the Faith!

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