Monday’s World Markets Outlook: Asia-Pacific

Monday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #coronavirus #AsiaPacific

Australian shares finished lower Monday, snapping 4 straight sessions of gainers, as a spike in domestic cases of the C-19 coronavirus brought fresh restrictions and renewed fears of further economic pain.

The S&P/ASX 200 index closed 0.7% lower to 6,014.6, YTD the index has shed 9.37%.

New Zealand’s benchmark S&P/NZX 50 index rose 0.8%.

China stocks closed higher for a 5th session running Monday, extending a robust rally, led by financial shares on hopes of a quick economic recovery, Beijing’s continued reforms in the capital markets and ample liquidity.

The blue-chip CSI300 index closed up 5.7% at 4,670.09 pts, its highest mark since 25 June 2015, while the Shanghai Composite Index climbed 5.7% at 3,332.88 pts, its highest since March 2018.

CSI300 posted its biggest 1-day gainer since 25 February 2019, while SSEC logged its best session since 9 July 2015.

Hong Kong shares closed at a more than 4-month high Monday, tracking equities in the Mainland that rose on hopes of a faster economic recovery, Beijing’s continued reforms in the capital markets and ample liquidity.

The Hang Seng index rose 3.8% to 26,339.16, while the China Enterprises Index gained 4.7%, to 10,726.83. Both indexes closed at their highest marks since 5 March.

The sub-index of the Hang Seng tracking energy shares rose 3.9%, while the IT sector rose 1.05%; the financial sector ended 4.85% higher and the property sector rose 4.21%.

ASIA-PACIFIC INDEXES

Data as of 6 July 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:45am EDT138.36+2.12+1.56%
.TRXFLDHKPThomson Reuters Equity HK Index5:46am EDT317.16+10.16+3.31%
.TRXFLDINPThomson Reuters Equity India Index5:52am EDT1,227.32+14.90+1.23%
.N225Nikkei Stock Average 2252:15am EDT22,714.44+407.96+1.83%
.HSIHang Seng Index4:08am EDT26,339.16+966.04+3.81%
.AORDASX All Ordinaries Index3:11am EDT6,125.90-37.80-0.61%
.KS11KOSPI Index5:03am EDT2,187.93+35.52+1.65%
.SETISET Composite Index3 Jul 20201,372.27-1.86-0.14%
.JKSEJakarta Composite4:14am EDT4,988.87+15.07+0.30%
.PSIPSE Composite Index12:50am EDT6,328.41-44.25-0.69%
.SSECShanghai Composite Index3:00am EDT3,332.88+180.07+5.71%
.BSESNS&P BSE Sensex6:08am EDT36,487.28+465.86+1.29%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,576.90+24.25+1.56%
.HNX30HNX 30 Index5 Jul 2020216.43+1.49+0.69%

Have a healthy week, 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.