Friday’s World Markets Outlook: Asia-Pacific

Friday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia

Australian shares posted their best wk in 6 months Friday, capping an eventful week that saw the government pledge billions to pull the economy out of recession.

The S&P/ASX 200 index .AXJO closed unchanged at 6,102.2 after flitting between small gains and losses throughout the session. On the wk, it added 5.4%.

In New Zealand, the benchmark S&P/NZX 50 index .NZ50 climbed 0.4% to 12,280.54, extending gainers to an 8th session and posting a record closing high. On the wk, the index added 3.9%

Japanese stocks were on pace for their biggest weekly gainer in 2 months Friday, on hopes of more stimulus in the United States, even though some investors doubted the chances of a deal in the run up to the Presidential election.

The Nikkei 225 Index slipped 0.07% to 23,629.73 by 0158 GMT Friday. On the wk, the Nikkei added 2.6%, marking its largest gainer since the week ended 14 Aug. 14.

The broader TOPIX fell 0.43% to 1,648.30. On the wk, the TOPIX was up 2.4%.

China shares rose Friday as Mainland markets reopened after an extended national holiday, with investors taking reassurance from positive economic data and indications of a rebound in tourism and consumption over the week-long holiday break.

At the midday break, the Shanghai Composite index was up 1.89% at 3,278.83.

China’s blue-chip CSI300 index was up 2.32%, with the consumer staples sector adding 2.66%.

Asia-Pacific Indexes

Data as of 9 October 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:38am EDT144.49-0.67-0.46%
.TRXFLDHKPThomson Reuters Equity HK Index5:38am EDT312.14-1.38-0.44%
.TRXFLDINPThomson Reuters Equity India Index8:18am EDT1,372.76+4.61+0.34%
.N225Nikkei Stock Average 2252:15am EDT23,619.69-27.38-0.12%
.HSIHang Seng Index4:08am EDT24,119.13-74.22-0.31%
.AORDASX All Ordinaries Index2:07am EDT6,312.50+6.70+0.11%
.KS11KOSPI Index8 Oct 20202,391.96+5.02+0.21%
.SETISET Composite Index5:58am EDT1,267.14-7.69-0.60%
.JKSEJakarta Composite4:14am EDT5,053.66+14.52+0.29%
.PSIPSE Composite Index12:50am EDT5,931.61-11.05-0.19%
.SSECShanghai Composite Index3:00am EDT3,272.08+54.02+1.68%
.BSESNS&P BSE Sensex8:21am EDT40,509.49+326.82+0.81%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,530.35+10.92+0.72%
.HNX30HNX 30 Index8 Oct 2020257.20+2.78+1.09%

Have a healthy weekend, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including 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.