Asia-Pacific Markets Ignore Mr. Biden's Tax Hike Notion

#Asia-Pacific #stocks#Australia #NewZealand #Japan #China#HongKong

Asia-Pacific shares advanced Friday, lifted by rising Chinese blue-chips and a decision by the ECB to maintain stimulus, while investors ignored the impact of Mr. Biden's capital gains tax hike notion.

Friday MSCI’s broadest index of Asia-Pacific shares sans Japan shook off early small losses to rise 0.43%.

Chinese blue-chip shares rose 0.51%, Hong Kong’s Hang Seng rose 0.54% and Seoul’s KOSPI added 0.2%.

China's blue-chip CSI300 index finished up 0.9% at 5,135.45, and the Shanghai Composite Index gained 0.3% to finish at 3,474.17.

On the week, CSI300 climbed 3.4%, the biggest weekly gainer in 2 months, while SSEC was up 1.4%.

Japanese shares closed lower Friday, as a disappointing forecast from Nidec added to the cautious mood at the start of the corporate earnings season.

The Nikkei share average fell 0.57% to 29,020.63, the broader TOPIX lost 0.39% to 1,914.98. Both indexes declined more than 2% on the wk.

Australian shares finished higher Friday, but recorded their 1st wkly loss in 5.

The S&P/ASX 200 closed 0.08% higher at 7,060.70. The benchmark was 0.04% lower on the wk. New Zealand’s benchmark S&P/NZX 50 rose 0.6% to finish at 12650.64 finishing the wk 0.3% lower.

Asia-Pacific Indexes

Data as of 23 Apr 2021. All quotes delayed at least 15 minutes.

Symb

Index

Time

Last

Chg

Chg %

.TRXFLDJPP

Thomson Reuters Equity Japan Index

2:59am EDT

167.78

-0.62

-0.37%

.TRXFLDHKP

Thomson Reuters Equity HK Index

3:29am EDT

352.46

+2.96

+0.85%

.TRXFLDINP

Thomson Reuters Equity India Index

3:29am EDT

1,711.06

+2.14

+0.13%

.N225

Nikkei Stock Average 225

2:15am EDT

29,020.63

-167.54

-0.57%

.HSI

Hang Seng Index

3:46am EDT

29,025.73

+270.39

+0.94%

.AORD

ASX All Ordinaries Index

3:14am EDT

7,320.70

+8.70

+0.12%

.KS11

KOSPI Index

2:32am EDT

3,186.10

+8.58

+0.27%

.SETI

SET Composite Index

3:45am EDT

1,553.73

-14.48

-0.92%

.JKSE

Jakarta Composite

4:00am EDT

6,016.86

+22.68

+0.38%

.PSI

PSE Composite Index

12:50am EDT

6,378.07

-37.46

-0.58%

.SSEC

Shanghai Composite Index

3:39am EDT

3,474.17

+9.05

+0.26%

.BSESN

S&P BSE Sensex

3:46am EDT

48,056.83

-23.84

-0.05%

.FTFBMKLCI

FTSE Bursa Malaysia KLCI

3:46am EDT

1,608.57

+0.84

+0.05%

.HNX30

HNX 30 Index

21 Apr 2021

421.35

-21.52

-4.86%

Have a healthy day, Keep the Faith!