Tuesday’s World Markets Outlook: Asia-Pacific

World stocks have risen 35% from a late March bottom.

Australian shares closed higher Tuesday after the country’s central bank reiterated that the impact from the C-19 coronavirus chaos could be less damaging than initially feared, stoking hopes of a speedy economic recovery.

The S&P/ASX 200 closed 0.3% firmer at 5,835.10, though lingering worries over US-China relations kept a cap on gains.

New Zealand’s S&P/NZX 50 ended 1.4% higher at 11,034.17

Japanese shares hit a more than 3-month highs Tuesday as hopes for a global economic recovery bolstered expectations for a rebound in corporate earnings, with more countries gradually reopening after C-19 coronavirus chaos-related lockdowns.

The Nikkei index ended 1.19% higher at 22,325.61 pts after earlier rising to its highest mark since 26 February. Industrial and technology shares led the advance.

The broader TOPIX index rose 1.21% at 1,587.68

China stocks were flat to unchanged Tuesday, as investors reviewed their positions after recent gains triggered by optimism over fresh policies to support the economy, though concerns about deteriorating US-China relations lingered.

At the midday break, the Shanghai Composite index was down 0.11% to 2,912.09 pts.

China’s blue-chip CSI300 index was down 0.04%, as of 0415 GMT, with its financial sector sub-index climbing 0.51%, the consumer staples sector down 0.19%, the Real Estate index up 0.98% and the healthcare sub-index down 1.14%.

Chinese H-shares listed in Hong Kong fell 0.22% to 9,812.26, while the Hang Seng Index was up 0.38% at 23,823.03.

The smaller Shenzhen index was down 0.14% and the start-up board ChiNext Composite index was weaker by 1.02%.

The Indonesian benchmark spiked 2.5% in early trade to its highest level since early April.

Singapore’s index touched a 2-wk peak, led by blue chips such as Jardine Cycle & Carriage Holdings Ltd and DBS Group Holdings Ltd .

The Philippine benchmark rose 1.5% to hit its highest mark since mid-March.

Thai stocks hit a near 3-month high buoyed by utilities.

Vietnam rose on consumer staples.

The Philippines and Indonesia extended their winning streak to a fifth session, Vietnam was up for a 4th session while for Thailand, it was a 3rd day of gainers.

Malaysian shares were flat.

ASIA-PACIFIC INDICES

Data as of 2 Jun 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:55am EDT139.33+1.67+1.21%
.TRXFLDHKPThomson Reuters Equity HK Index2:55am EDT279.63+1.75+0.63%
.TRXFLDINPThomson Reuters Equity India Index2:53am EDT1,129.65+12.13+1.09%
.N225Nikkei Stock Average 2252:15am EDT22,325.61+263.22+1.19%
.HSIHang Seng Index3:10am EDT23,904.78+172.26+0.73%
.AORDASX All Ordinaries Index2:17am EDT5,960.10+21.70+0.37%
.KS11KOSPI Index2:30am EDT2,087.19+22.11+1.07%
.SETISET Composite Index1:29am EDT1,364.52+12.15+0.90%
.JKSEJakarta Composite3:25am EDT4,856.39+102.77+2.16%
.PSIPSE Composite Index12:50am EDT6,025.17+95.00+1.60%
.SSECShanghai Composite Index3:00am EDT2,921.40+5.97+0.20%
.BSESNS&P BSE Sensex3:10am EDT33,683.22+379.70+1.14%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:10am EDT1,506.91+16.77+1.13%
.HNX30HNX 30 Index31 May 2020222.77+6.18+2.85%

Have a healthy day, Keep the Faith!

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