Chinese shares closed lower Thursday as investors worried about a prolonged recovery in the economy, while awaiting more active stimulus policies to cushion the blow from the C-19 coronavirus chaos.
The Shanghai Composite index ended 0.96% lower to 2,870.34.
The blue-chip CSI300 index shed 1.08%, with its financial sector sub-index sliding 1.33%, the consumer staples sector falling 1.23%, the Real Estate index declining 1.67%. Its healthcare sub-index edged down 0.11%.
The smaller Shenzhen index finished down 0.94% and the start-up board ChiNext Composite index was weaker by 1.076%.
The S&P/ASX 200 index ended 1.72% lower to 5,328.7, with nearly all sectors firmly in the Red. The index has lost over 20% YTD, erasing all of the gainers it made in Y 2019, as the country faces its 1st recession in 30 yrs.
New Zealand’s benchmark S&P/NZX 50 index finished off 0.4% as losses in the financial and utilities sectors weighed.
Japan’s benchmark Nikkei average declined 1.7% to 19,914.78, moving away from a 2-month high hit earlier this week.
The broader Topix shed 1.9% to 1,446.55, also off Monday’s 2-month highs, with all but 1 of the 33 sector sub-indexes on the Tokyo exchange finishing lower.
Most Southeast Asian stock markets fell Thursday as fears of a delay in economic recovery due to rising C-19 coronavirus cases in countries easing lockdowns were exacerbated by dour outlook from the Fed Chairman.
Shares in Singapore, a bellwether for global trade, fell 1.4% to their lowest level since 27 April
The Philippine index dropped 0.8%, set for a 3rd straight session of losses. The country’s government said on Wednesday gross domestic product is expected to decline 2% to 3.4% this year, the 1st contraction in more than two decades.
In Malaysia, the benchmark edged 0.3% lower after data showed on Wednesday the economy will contract in Q-2 as the coronavirus hits exports and domestic demand.
Data as of 14 May 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:59am EDT||126.86||-2.46||-1.90%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||3:16am EDT||275.73||-3.01||-1.08%|
|.TRXFLDINP||Thomson Reuters Equity India Index||3:16am EDT||1,056.05||-13.22||-1.24%|
|.N225||Nikkei Stock Average 225||2:15am EDT||19,914.78||-352.27||-1.74%|
|.HSI||Hang Seng Index||3:31am EDT||23,873.68||-306.62||-1.27%|
|.AORD||ASX All Ordinaries Index||3:28am EDT||5,418.00||-95.70||-1.74%|
|.KS11||KOSPI Index||2:33am EDT||1,924.96||-15.46||-0.80%|
|.SETI||SET Composite Index||3:31am EDT||1,277.06||-17.49||-1.35%|
|.JKSE||Jakarta Composite||3:46am EDT||4,502.20||-52.16||-1.15%|
|.PSI||PSE Composite Index||12:50am EDT||5,654.70||+28.45||+0.51%|
|.SSEC||Shanghai Composite Index||3:15am EDT||2,870.34||-27.71||-0.96%|
|.BSESN||S&P BSE Sensex||3:32am EDT||31,425.44||-583.17||-1.82%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||3:31am EDT||1,393.71||-3.42||-0.24%|
|.HNX30||HNX 30 Index||12 May 2020||216.68||+1.93||+0.90%|
Have a healthy day, Keep the Faith!