Friday’s World Markets Outlook: Asia-Pacific

The Japanese benchmark Nikkei average dipped 0.3% to 19,854.03 by the midday break, with Real Estate and other defensive sectors leading the losses.

On the week, the Nikkei was down 1.6%, poised for its 1st weekly decliner in 3.

The broader Topix fell 0.3% to 1,441.96 by the recess, with 66% of the 33 sector sub-indexes on the Tokyo exchange trading lower.

Australia’s share price index futures rose 0.8% or 45 pts, a 24.3-point premium to the underlying S&P/ASX 200 index

New Zealand’s benchmark S&P/NZX 50 index rose 0.65% by 2229 GMT.

Chinese stocks edged up Friday after factory output rose for the 1st time this year as C-19 coronavirus lockdowns were slowly lifted, easing growth concerns and offsetting caution around an escalation in US-China tensions.

At the midday break, the Shanghai Composite index was 0.2% higher at 2,875.45 pts.

China’s blue-chip CSI300 index was flat, with its financial sector sub-index higher by 0.3%, the consumer staples sector down 0.7%, the real estate index up 0.3% and the healthcare sub-index down 1.2%.

Chinese H-shares listed in Hong Kong rose 0.3%, while the Hang Seng Index ticked up 0.4% at 23,925.40.

The smaller Shenzhen index climbed 0.6% and the start-up board ChiNext Composite index was 0.7% higher.

Philippine shares dropped more than 1% Friday, dragged down by the financial sector, while stocks in Indonesia hit an over 3-wk low after data showed that Southeast Asia’s largest economy swung back to a trade deficit in April.

Indonesian shares were 0.4% lower, having fallen as much as 1.2% earlier. The country’s $350-M trade deficit in April was larger than the $200-M gap expected in a Reuters poll, as exports and imports plunged. The country’s benchmark was poised for its 2nd straight weekly loss.

Stocks in Vietnam ticked lower, while Thai shares were little changed as energy stocks lent support on the back of higher oil prices.

Meanwhile, the Malaysian benchmark index added 0.6% and was set for a 3rd straight session of gainers, helped by industrial stocks.

ASIA-PACIFIC INDICES

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

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT127.44+0.58+0.46%
.TRXFLDHKPThomson Reuters Equity HK Index3:00am EDT275.62-0.27-0.10%
.TRXFLDINPThomson Reuters Equity India Index3:01am EDT1,044.30-3.99-0.38%
.N225Nikkei Stock Average 2252:15am EDT20,037.47+122.69+0.62%
.HSIHang Seng Index3:16am EDT23,825.28-4.46-0.02%
.AORDASX All Ordinaries Index3:03am EDT5,492.80+74.80+1.38%
.KS11KOSPI Index2:33am EDT1,927.28+2.32+0.12%
.SETISET Composite Index1:29am EDT1,281.25+0.85+0.07%
.JKSEJakarta Composite3:30am EDT4,498.58-15.26-0.34%
.PSIPSE Composite Index12:50am EDT5,541.95-112.75-1.99%
.SSECShanghai Composite Index3:00am EDT2,868.46-1.88-0.07%
.BSESNS&P BSE Sensex3:16am EDT30,925.43-197.46-0.63%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:15am EDT1,402.75+5.50+0.39%
.HNX30HNX 30 Index13 May 2020217.20+0.52+0.24%

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.