Thursday’s World Markets Outlook: Asia-Pacific

Asian shares pared early losses Thursday after Chinese exports proved far stronger than even Bulls imagined.

Around the region, MSCI’s Asia sans Japan stock index was weaker by 0.1%, while Japan’s Nikkei index closed up 0.28%. 

China stocks ended lower Thursday, as investors are still cautious on a bleak trade outlook globally that could slow the recovery in the world’s 2nd largest economy from the C-19 coronavirus chaos.

The Shanghai Composite index closed down 0.23% to 2,871.52. The blue-chip CSI300 index was down 0.29%, with its financial sector sub-index lower by 0.69%, the consumer staples sector up 0.89%, the Real Estate index down 0.95% and the healthcare sub-index up 0.03%.

The smaller Shenzhen index ended down 0.11% and the start-up board ChiNext Composite index was weaker by 0.162%

Japanese shares eased on their return from a long holiday Thursday, with airlines declining the most, as sentiment was dampened by Tokyo’s move to extend a state of emergency.

The broader Topix index dropped 0.32% to 1,426.73, with air transport and land transport among the worst three performing sectors on the local bourse, down 6.8% and 2.9%, respectively.

The S&P/ASX 200 index closed 0.4% lower to 5,364.20 pts, after shedding 0.4% Wednesday. The index is off 25.6% from its lifetime high on 20 February 2020​.

In New Zealand: the S&P/NZX 50 index settled 0.7% higher at 10,649.23.

Philippine shares fell Thursday after economic growth unexpectedly shrank in Q-1.

Thai shares fell 0.9% as investors returned from a market holiday.

Vietnam stocks rose 1.1%, their highest in more than 2 wks, boosted by financials and consumer staples companies.

Financial markets in Singapore, Malaysia and Indonesia were closed Thursday for the Buddhist holiday of Vesak Day.

ASIA-PACIFIC INDICES

Data as of 7 May 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:38am EDT125.16-0.35-0.28%
.TRXFLDHKPThomson Reuters Equity HK Index4:09am EDT273.25-1.19-0.43%
.TRXFLDINPThomson Reuters Equity India Index4:10am EDT1,049.82-7.72-0.73%
.N225Nikkei Stock Average 2252:15am EDT19,674.77+55.42+0.28%
.HSIHang Seng Index4:08am EDT23,980.63-156.85-0.65%
.AORDASX All Ordinaries Index2:45am EDT5,449.90-14.90-0.27%
.KS11KOSPI Index2:32am EDT1,928.61-0.15-0.01%
.SETISET Composite Index4:25am EDT1,253.22-25.41-1.99%
.JKSEJakarta Composite6 May 20204,608.79-21.34-0.46%
.PSIPSE Composite Index12:50am EDT5,653.16+13.89+0.25%
.SSECShanghai Composite Index3:59am EDT2,871.52-6.62-0.23%
.BSESNS&P BSE Sensex4:26am EDT31,406.64-279.11-0.88%
.FTFBMKLCIFTSE Bursa Malaysia KLCI6 May 20201,376.93-12.62-0.91%
.HNX30HNX 30 Index5 May 2020204.14+2.48+1.23%

Have a healthy day, Keep the Faith!

#Asia-Pacific#markets#stock#world