Wednesday’s World Markets Outlook: Asia-Pacific

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Around the region, MSCI’s Asia sans-Japan stock index was firmer by 0.5%, while Japan’s Nikkei index closed down 0.8%.

Shares in Mainland China closed at multi-year highs Wednesday, extending their winning streak to the 7th session.

At the close, the Shanghai Composite index was 1.7% higher at 3,403.44, its highest closing mark since February 2018, while the blue-chip CSI300 index ended up 1.6%, at its highest closing mark since June 2015.

The CSI300’s financial sector sub-index jumped 2.6%, the consumer staples sector gained 0.3% and the Real Estate index +0.1

Hong Kong stocks moved higher Wednesday, ending near 4-month highs hit in Tuesday’s session, as market sentiment was lifted on hopes of recovery in the Chinese economy after a 7th straight session of gainers in Mainland shares.

At the close of trade, the Hang Seng index was up 0.6% at 26,129.18. The ‘H-share’ Hang Seng China Enterprises index rose 1.4%. 

Indonesian shares gained 1.8% to hit a 1-month high Wednesday, while the rupiah was flat Vs USD.

Australian shares fell Wednesday as stringent curbs imposed by Victoria state to contain a spike in C-19 cases dashed hopes of a swift economic recovery.

The S&P/ASX 200 index fell 0.5% to 5,983.1 led by financials.

In New Zealand, the benchmark S&P/NZX 50 index reversed its course to trade 0.2% lower to 11,725.

Japan’s benchmark Nikkei share average fell 0.19% to 22,571.55 by the midday break after moving in and out of positive territory, with 102 advancers against 120 decliners.

The broader Topix rose 0.06% at 1,572.73 by the recess, with 50% of the 33 sector sub-indexes on the Tokyo exchange trading higher.

Asia-Pacific Indexes

Data as of 8 July 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index4:02am EDT136.63-1.21-0.88%
.TRXFLDHKPThomson Reuters Equity HK Index5:46am EDT319.24+6.58+2.10%
.TRXFLDINPThomson Reuters Equity India Index6:29am EDT1,223.21-9.72-0.79%
.N225Nikkei Stock Average 2252:15am EDT22,438.65-176.04-0.78%
.HSIHang Seng Index4:08am EDT26,129.18+153.52+0.59%
.AORDASX All Ordinaries Index3:08am EDT6,034.30-92.40-1.51%
.KS11KOSPI Index5:03am EDT2,158.88-5.29-0.24%
.SETISET Composite Index5:47am EDT1,362.46-10.76-0.78%
.JKSEJakarta Composite4:14am EDT5,076.17+89.09+1.79%
.PSIPSE Composite Index12:50am EDT6,285.50+18.10+0.29%
.SSECShanghai Composite Index3:00am EDT3,403.44+58.10+1.74%
.BSESNS&P BSE Sensex6:44am EDT36,329.01-345.51-0.94%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,583.50+16.78+1.07%
.HNX30HNX 30 Index7 Jul 2020216.84+0.07+0.03%

Have a healthy day, Keep the Faith!