Wednesday’s World Markets Outlook: Asia-Pacific

Australian shares ended lower in lite trade Wednesday as investors took profits after 2 sessions of sharp gainers, with banking stocks dominating the losses.

The S&P/ASX 200 index closed 0.42% lower to 5,384.6 pts, having gained more than 3% in the past 2 sessions as the country eased coronavirus restrictions.

New Zealand’s benchmark S&P/NZX 50 index rose 0.8% on the back of gainers in healthcare stocks to finish the session at 10,572.84 pts.

China shares reversed early losses to gain strength on Wednesday, as investors await follow-up supportive policies ahead of the annual parliament meeting to counter the economic fallout of the coronavirus pandemic.

At the midday break, the Shanghai Composite index was up 0.08% at 2,862.50 pts, after opening more than 1% lower on renewed trade tensions with Washington.

Stocks are rebounding since late March from the coronavirus-fueled sell-off, helped by massive monetary and fiscal stimulus. Investors are now watching efforts by a number of countries trying to spark their economies by easing restrictions put in place to fight the coronavirus chaos.

China’s blue-chip CSI300 index was up 0.01%, with its financial sector sub-index dropping 1.43%, the consumer staples sector was up 0.91%, the Real Estate index down 2.29% and the healthcare sub-index up 0.98%.

Chinese H-shares listed in Hong Kong rose 0.63% at 9,759.32, while the Hang Seng Index was up 0.66% at 24,026.31.

Singapore shares gained the most in Southeast Asia Wednesday, supported by the industrial sector.

Philippine stocks fell up to 1.4%, dragged down by a 3.9% drop in shares of conglomerate Ayala Corp.

The Indonesian benchmark slipped 0.6% as the country’s consumer confidence index plunged to its lowest level in 12 years in April.

Singapore’s index rose 1.1%, with the city-state’s flag carrier Singapore Airlines soaring 14.1%, while index heavyweight Jardine Strategic Holdings firmed 3.1%.

Malaysian shares advanced 0.3%, helped by Petronas Dagangan and Malayan Banking, which rose 1.4% and 0.9%, respectively.

Markets in Thailand were closed for a holiday

ASIA-PACIFIC INDICES

Data as of 6 May 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT125.51+0.00+0.00%
.TRXFLDHKPThomson Reuters Equity HK Index3:07am EDT275.04+4.16+1.54%
.TRXFLDINPThomson Reuters Equity India Index3:06am EDT1,059.08+8.92+0.85%
.N225Nikkei Stock Average 2251 May 202019,619.35-574.34-2.84%
.HSIHang Seng Index3:22am EDT24,186.57+317.91+1.33%
.AORDASX All Ordinaries Index3:31am EDT5,464.80-13.30-0.24%
.KS11KOSPI Index2:30am EDT1,928.76+33.39+1.76%
.SETISET Composite Index5 May 20201,278.63-23.03-1.77%
.JKSEJakarta Composite3:38am EDT4,601.66-28.47-0.61%
.PSIPSE Composite Index12:50am EDT5,639.27-32.40-0.57%
.SSECShanghai Composite Index3:01am EDT2,878.14+18.06+0.63%
.BSESNS&P BSE Sensex3:22am EDT31,848.50+394.99+1.26%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:22am EDT1,388.06-1.49-0.11%
.HNX30HNX 30 Index4 May 2020201.66-0.10-0.05%

Have a healthy day, Keep the Faith!

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