Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

Gold and healthcare stocks helped Australian shares eke out another session of gains on Wednesday, as investors remained cautiously optimistic about hopes of an economic recovery even as C-19 coronavirus cases continue to rise.

The S&P/ASX 200 index ended up 0.2% at 5,965.70 to a 4th straight session of gainers. The benchmark is down 10.9% YTD.

New Zealand’s benchmark S&P/NZX 50 index gained most in a week, adding 1.1% to settle at 11,259.41 

China stocks ended higher Wednesday to close the shortened 3-session week on a firmer note, as investors cheered improving data from Key economies and Beijing’s latest reforms in its capital markets.

China’s stock market will be closed Thursday and Friday for the Dragon Boat Festival.

At the close, the Shanghai Composite index was up 0.3% at 2,979.55, while the blue-chip CSI300 index added 0.42%.

The start-up board ChiNext Composite index was unchanged.

On the week, SSEC gained 0.4%, while CSI300 rose 1%.

The start-up board index advanced 2.7% this week, logging its fifth straight weekly gain.

Japanese shares ended weaker Wednesday, as the benchmark Nikkei average closed 0.07% lower 2 22,534.32, with 59 advancers against 163 decliners.

The broader Topix fell 0.42% to 1,580.50, with all but 5 of Tokyo’s 33 subindexes trading in the Red.

Start-up market Mothers Index advanced 0.86%, as 3 new IPOs were announced for the 1st time in 2.5 months.

Asia-Pacific Indexes

Data as of 24 Jun 2020. All quotes delayed at least 15 minutes.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:44am EDT138.77-0.50-0.36%
.TRXFLDHKPThomson Reuters Equity HK Index4:59am EDT295.74-0.84-0.28%
.TRXFLDINPThomson Reuters Equity India Index5:36am EDT1,186.41-16.01-1.33%
.N225Nikkei Stock Average 2252:15am EDT22,534.32-14.73-0.07%
.HSIHang Seng Index4:08am EDT24,781.58-125.76-0.50%
.AORDASX All Ordinaries Index3:29am EDT6,081.60+12.30+0.20%
.KS11KOSPI Index5:03am EDT2,161.51+30.27+1.42%
.SETISET Composite Index5:51am EDT1,333.43-23.00-1.70%
.JKSEJakarta Composite4:14am EDT4,964.73+85.60+1.75%
.PSIPSE Composite Index12:50am EDT6,188.83-108.95-1.73%
.SSECShanghai Composite Index3:59am EDT2,979.55+8.93+0.30%
.BSESNS&P BSE Sensex5:53am EDT34,864.07-566.36-1.60%
.FTFBMKLCIFTSE Bursa Malaysia KLCI4:59am EDT1,502.63-4.41-0.29%
.HNX30HNX 30 Index23 Jun 2020221.43-2.80-1.25%

Have a healthy day, 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.