Friday’s World Markets Outlook: Asia-Pacific

Australian shares ended higher on Friday, but reported its first weekly loss this month, with investors now eyeing corporate results that are set to reflect the economic damage from the coronavirus pandemic.

The benchmark S&P/ASX 200 index closed 0.5% higher at 5,242.6. On the week, it shed 4.5%.

New Zealand’s benchmark S&P/NZX 50 index fell 0.3% or 26.63 points to finish to 10,419.48.

Chinese shares fell on Friday and ended the week lower amid lingering coronavirus worries, but losses were limited as Beijing pledged more support to shore up the world’s second- largest economy.

The blue-chip CSI300 index fell 0.9% to 3,796.97, while the Shanghai Composite Index dropped 1.1% to 2,808.53.

On the week, both SSEC and CSI300 shed 1.1% each, but narrower than the 1.7% fall of MSCI’s broadest index of Asia-Pacific shares sans Japan.

Japanese shares ended lower Friday, marking their 1st weekly decliner in 3, as investors are still in the dark over when and how quickly the economy can recover from the fallout of the coronavirus chaos.

The Nikkei share average closed 0.86% lower to 19,262.00, with a weekly loss of 3.2%.

The broader Topix lost 0.33% to 1,421.29.

Cyclical shares led the losses, with 27 of 33 industry sub-indexes in the Tokyo Stock Exchange trading in the Red, while semiconductor-related shares were affected by dim earnings outlook from US chipmaker Intel.

Most Southeast Asian stock markets fell on Friday as lockdown extensions in parts of the region and weak global economic data reminded investors of the damage caused by the coronavirus chaos.

Philippines led losses, falling as much as 1.6% after President Duterte extended the lockdown in the capital until 15 May.

Malaysia shed as much as 1%, after the government extended movement restrictions in the country until May 12, which is likely to arrest economic activity.

Singapore’s Straits Times Index declined as much as 1.6% to a near 3-wk low and is on track to post its biggest weekly loss since 3 April.

Thai stocks rose as much as 0.4%. The benchmark is on track to post its 4th consecutive weekly gainer. Insurer Premier Enterprise jumped 50%, while stainless steel products maker Thai-German Products climbed 25%.

ASIA-PACIFIC INDICES

Data as of 24 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT124.55-0.47-0.38%
.TRXFLDHKPThomson Reuters Equity HK Index3:08am EDT270.39-1.29-0.47%
.TRXFLDINPThomson Reuters Equity India Index3:08am EDT1,061.65-5.43-0.51%
.N225Nikkei Stock Average 2252:15am EDT19,262.00-167.44-0.86%
.HSIHang Seng Index3:25am EDT23,879.05-98.27-0.41%
.AORDASX All Ordinaries Index3:34am EDT5,300.70+27.90+0.53%
.KS11KOSPI Index2:30am EDT1,889.01-25.72-1.34%
.SETISET Composite Index1:29am EDT1,269.54-2.99-0.23%
.JKSEJakarta Composite3:39am EDT4,508.03-85.52-1.86%
.PSIPSE Composite Index12:50am EDT5,464.98-134.57-2.40%
.SSECShanghai Composite Index3:00am EDT2,808.53-29.97-1.06%
.BSESNS&P BSE Sensex3:25am EDT31,737.82-125.26-0.39%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:21am EDT1,373.28-8.36-0.61%
.HNX30HNX 30 Index22 Apr 2020203.04+0.77+0.38%

Have a healthy weekend, Keep the Faith!

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.