Home 2021 Asia-Pacific Markets Ignore Mr. Biden’s Tax Hike Notion

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

by Paul Ebeling

#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.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT167.78-0.62-0.37%
.TRXFLDHKPThomson Reuters Equity HK Index3:29am EDT352.46+2.96+0.85%
.TRXFLDINPThomson Reuters Equity India Index3:29am EDT1,711.06+2.14+0.13%
.N225Nikkei Stock Average 2252:15am EDT29,020.63-167.54-0.57%
.HSIHang Seng Index3:46am EDT29,025.73+270.39+0.94%
.AORDASX All Ordinaries Index3:14am EDT7,320.70+8.70+0.12%
.KS11KOSPI Index2:32am EDT3,186.10+8.58+0.27%
.SETISET Composite Index3:45am EDT1,553.73-14.48-0.92%
.JKSEJakarta Composite4:00am EDT6,016.86+22.68+0.38%
.PSIPSE Composite Index12:50am EDT6,378.07-37.46-0.58%
.SSECShanghai Composite Index3:39am EDT3,474.17+9.05+0.26%
.BSESNS&P BSE Sensex3:46am EDT48,056.83-23.84-0.05%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:46am EDT1,608.57+0.84+0.05%
.HNX30HNX 30 Index21 Apr 2021421.35-21.52-4.86%

Have a healthy day, Keep the Faith!

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