Hong Kong shares ended lower Thursday. The Hang Seng index closed down 0.7% to 23,132.76, after falling more than 2% mid-session to its lowest mark since 25 May. The Hang Seng China Enterprises index fell 0.2%.
The sub-index of the Hang Seng tracking energy shares was flat, the IT sector lost almost 2%, the financial sector ended 0.2% higher and the property sector was down nearly 1%.
In late afternoon trade, China’s parliament approved directly imposing national security legislation on Hong Kong to tackle secession, subversion, terrorism and foreign interference in a city roiled last year by months of anti-government protests.
At the close, the Shanghai Composite index ended up 0.3% at 2,846.22. The blue-chip CSI300 index was up 0.3%, with its financial sector sub-index higher by 1.3%, the consumer staples sector down 0.1%, the Real Estate index up 0.6% and the healthcare sub-index down 1.5%.
The smaller Shenzhen index closed 0.3% lower and the start-up board ChiNext Composite index was weaker by 0.8%.
SKorean shares edged lower Thursday, after investors’ sentiment dampened on escalating US-China tensions over Hong Kong and a grim economic outlook by the Bank of Korea. The won and the benchmark bond yield also weakened.
The Seoul stock market’s benchmark KOSPI closed down 2.66 pts, or 0.13%, to 2,028.54.
Australian shares hit a 2.5 month high Thursday, with financial stocks powering the gains, after the country’s central bank said the economic downturn due to the C-19 coronavirus chaos would likely be less severe than initially feared.
The benchmark S&P/ASX 200 closed 1.3% higher at 5,851.1, hanging near its strongest mark since 11 March. A sub-index of financial firms advanced 3.1% and was on track for its best week.
New Zealand’s S&P/NZX 50 dropped 1.7% to 10,856.69 after 3 straight sessions of gainers.
Most Southeast Asian stock markets rose on Thursday as signs of economic recovery from the C-19 chaos offset concerns across the region about a rise in US-China tensions over Hong Kong and trade.
MSCI’s broadest index of Asia-Pacific shares sans Japan was up 0.6%.
Indonesian equities led the gains and rose as much as 2%, with the financial sector contributing to nearly three-fourths of the index’s gains.
In the Philippines, the C-19 coronavirus task force backed easing one of the toughest and longest lockdowns in the world in the capital of Manila, which has so far endured nearly 11 wks of restrictions.
The benchmark rose up to 0.9%.
Thai shares were up for a 4th day running.
The Vietnamese index added as much as 0.6%.
Shares in Malaysia and Singapore inched down a bit.
Data as of 28 May 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||3:38am EDT||138.38||+2.42||+1.78%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||4:54am EDT||268.13||-2.43||-0.90%|
|.TRXFLDINP||Thomson Reuters Equity India Index||4:53am EDT||1,074.68||+15.46||+1.46%|
|.N225||Nikkei Stock Average 225||2:15am EDT||21,916.31||+497.08||+2.32%|
|.HSI||Hang Seng Index||4:08am EDT||23,132.76||-168.60||-0.72%|
|.AORD||ASX All Ordinaries Index||3:22am EDT||5,957.80||+72.90||+1.24%|
|.KS11||KOSPI Index||5:03am EDT||2,028.54||-2.66||-0.13%|
|.SETI||SET Composite Index||5:10am EDT||1,339.19||-5.92||-0.44%|
|.JKSE||Jakarta Composite||4:14am EDT||4,716.19||+74.63||+1.61%|
|.PSI||PSE Composite Index||12:50am EDT||5,570.22||+46.44||+0.84%|
|.SSEC||Shanghai Composite Index||3:59am EDT||2,846.22||+9.42||+0.33%|
|.BSESN||S&P BSE Sensex||5:10am EDT||32,091.20||+485.98||+1.54%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||4:59am EDT||1,457.50||+5.77||+0.40%|
|.HNX30||HNX 30 Index||26 May 2020||214.46||-2.60||-1.20%|
Have a healthy day, Keep the Faith!