Friday’s World Markets Outlook: Asia-Pacific

Friday’s World Markets Outlook: Asia-Pacific

 Australian shares gained Friday helped by energy stocks that tracked higher Crude Oil prices, although worries remained about a 2nd wave of C-19 coronavirus infections around the world.

The S&P/ASX 200 index rose 0.73% at 5,979.9 in early trade and hit its highest since 11 June.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.24% at 11,251.8 and was set to gain more than 3% on the week.

Japan’s benchmark stock index Nikkei rose Friday, on hopes of an economic recovery after the government lifted its domestic travel curbs that were imposed to halt the spread of the C-19 coronavirus.

The Nikkei share average finished higher by 0.55% at 22,478.79 Friday. The broader Topix eased 0.02% to 1,582.80.

China shares gained Friday on hopes of more policy support, expectations of higher foreign inflows and the containment of a new outbreak of the C-19 coronavirus in Beijing.

In Hong Kong, shares dipped as other Asian markets were choppy on persisting worries about a fresh surge in cases of the C-19 coronavirus in major global economies.

China’s blue chip index CSI300 rose 0.7% at 4074.37 and the Shanghai Composite Index gained 0.4% at 2950.74. Shenzhen’s start-up board ChiNext hit 4 yr highs as regulators revamped its listing system.

Asia-Pacific Indexes

Data as of 19 June 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:44am EDT138.86-0.10-0.07%
.TRXFLDHKPThomson Reuters Equity HK Index2:44am EDT293.22+3.51+1.21%
.TRXFLDINPThomson Reuters Equity India Index2:43am EDT1,169.62+13.44+1.16%
.N225Nikkei Stock Average 2252:15am EDT22,478.79+123.33+0.55%
.HSIHang Seng Index3:00am EDT24,732.50+267.56+1.09%
.AORDASX All Ordinaries Index2:17am EDT6,066.90+15.00+0.25%
.KS11KOSPI Index2:32am EDT2,141.32+7.84+0.37%
.SETISET Composite Index1:29am EDT1,370.42-2.56-0.19%
.JKSEJakarta Composite3:15am EDT4,931.86+6.61+0.13%
.PSIPSE Composite Index12:50am EDT6,315.07-33.38-0.53%
.SSECShanghai Composite Index2:59am EDT2,966.03+26.71+0.91%
.BSESNS&P BSE Sensex3:00am EDT34,572.26+364.21+1.06%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:00am EDT1,507.12+2.21+0.15%
.HNX30HNX 30 Index17 Jun 2020219.96-1.49-0.67%

Have a healthy weekend, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.