MSCI’s broadest index of Asia-Pacific shares sans Japan last traded up 1.6% in late Asian trade.
Australian shares closed at a more than two-month high on Tuesday, led by gains in mining, energy and financial stocks, as a gradual re-opening of some economies boosted sentiment and raised hopes of a demand recovery for commodities.
The S&P/ASX 200 index closed 1.81% higher at 5,559.5, its highest close since 11 March.
New Zealand’s benchmark S&P/NZX 50 index ended 0.3% higher on the back of gains in financial and utility stocks.
Japanese stocks advanced in line with their Wall Street and Asian peers and hit a 2.5 month high Tuesday, as encouraging early-stage data for a potential C-19 coronavirus vaccine boosted hopes for a swift reopening of the global economy.
The benchmark Nikkei average gained 1.5% to 20,433.45, its highest closing since 6 March.
Japan’s broader Topix climbed 1.8% to 1,486.05, also its highest finish since 6 March, with all but one of the 33 sector sub-indexes on the Tokyo exchange trading higher
China shares rose Tuesday, tracking gains on the Wall Street, as an early-stage trial for a coronavirus vaccine showed encouraging data, while increasing hopes for an economic recovery also aided sentiment.
At the midday break, the Shanghai Composite index was up 0.53% at 2,890.56, after opening higher at 0.8%.
China’s blue-chip CSI300 index was up 0.64%, with its financial sector sub-index higher by 0.53%, the consumer staples sector down 0.01%, the Real eEtate index down 0.28% and the healthcare sub-index up 0.27%.
Chinese H-shares listed in Hong Kong rose 1.53% to 9,875.4, while the Hang Seng Index was up 1.79% at 24,363.57.
The smaller Shenzhen index was up 0.71% and the start-up board ChiNext Composite index was higher by 0.87%
Southeast Asian stock markets rose Tuesday, tracking Wall Street’s gains overnight, on hopes of economic recovery after a successful early-stage trial of a coronavirus vaccine boosted sentiment.
Indonesian shares jumped 2%, boosted by financial stocks, with PT Victoria Investama surging 19.1% and investment manager PT Lippo Securities jumping 15.2%.
Singapore stocks climbed for a 3rd session running, up 1.9%, with transport services provider SATS Ltd adding 5.2% and large-cap Jardine Cycle & Carriage gaining 2.9%.
Philippine stocks traded 1.5% higher and were set to cap 2 straight sessions of losses.
In Thailand, the benchmark gained 1.8% to its highest mark since 6 March and is on course for its 3rd straight session of gainers.
Data as of 19 May 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:59am EDT||130.31||+2.38||+1.86%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||3:05am EDT||282.08||+5.39||+1.95%|
|.TRXFLDINP||Thomson Reuters Equity India Index||3:05am EDT||1,026.17||+14.78||+1.46%|
|.N225||Nikkei Stock Average 225||2:15am EDT||20,433.45||+299.72||+1.49%|
|.HSI||Hang Seng Index||3:21am EDT||24,440.93||+506.16||+2.11%|
|.AORD||ASX All Ordinaries Index||2:43am EDT||5,658.80||+101.30||+1.82%|
|.KS11||KOSPI Index||2:33am EDT||1,980.61||+43.50||+2.25%|
|.SETI||SET Composite Index||1:29am EDT||1,314.20||+27.67||+2.15%|
|.JKSE||Jakarta Composite||3:34am EDT||4,554.56||+43.51||+0.96%|
|.PSI||PSE Composite Index||12:50am EDT||5,555.85||+76.50||+1.40%|
|.SSEC||Shanghai Composite Index||3:00am EDT||2,898.58||+23.16||+0.81%|
|.BSESN||S&P BSE Sensex||3:21am EDT||30,571.11||+542.13||+1.81%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||3:18am EDT||1,425.65||+15.49||+1.10%|
|.HNX30||HNX 30 Index||17 May 2020||212.41||-0.09||-0.04%|
Have a healthy day, Keep the Faith!