The S&P/ASX 200 index was up 4.3% at 5,286.80 at the close of trade, after the benchmark closed 1.7% down Friday.
Southeast Asian stock markets are higher Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections.
Major European nations reported lower virus death rates, with Italy seeing the number of patients in intensive care falling for the 2nd day running.
A rise in cases and deaths in Singapore, Indonesia and the Philippines kept gains in Southeast Asia stocks in check.
Australia’s benchmark index rose 0.5%, Japan’s Nikkei gained 0.2% and SKorea’s KOSPI index climbed 1.4%
MSCI’s broadest index of Asian shares sans Japan edged up 0.1%
Aiding positive sentiment US stock futures gained more than 1.5% in early Asian trading after US President Trump expressed hope the country was seeing a “levelling off” of the coronavirus crisis.
There are early signs that overall market volatility is easing.
The Vietnam benchmark rose for a 4th straight session, up as much as 3.7%, as financial and real estate stocks jumped. The index was the top gainer in the region.
Indonesian stocks added as much as 2.6% and hit a 3-wk high. The financial sector led gains, with PT Bank Central Asia Tbk and PT Bank Mandiri (Persero) Tbk rising up to 2.7% and 4%, respectively.
Singaporean shares climbed more than 2%. Heavyweight financials United Overseas Bank Ltd rose 3% and DBS Group Holdings Ltd advanced 2.1%.
In the Philippines, the benchmark added up to 1.5%, while Malaysian equities were trading flat.
Thai markets were closed for a Holiday.
Data as of 6 April 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:58am EDT||120.41||+4.34||+3.74%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||2:58am EDT||263.55||+4.39||+1.69%|
|.TRXFLDINP||Thomson Reuters Equity India Index||2:58am EDT||926.53||+0.00||+0.00%|
|.N225||Nikkei Stock Average 225||2:15am EDT||18,576.30||+756.11||+4.24%|
|.HSI||Hang Seng Index||3:14am EDT||23,724.16||+488.05||+2.10%|
|.AORD||ASX All Ordinaries Index||3:00am EDT||5,323.60||+216.70||+4.24%|
|.KS11||KOSPI Index||2:30am EDT||1,791.88||+66.44||+3.85%|
|.SETI||SET Composite Index||3 Apr 2020||1,138.84||+0.57||+0.05%|
|.JKSE||Jakarta Composite||3:29am EDT||4,782.05||+158.62||+3.43%|
|.PSI||PSE Composite Index||12:50am EDT||5,570.81||+223.84||+4.19%|
|.SSEC||Shanghai Composite Index||3 Apr 2020||2,763.99||-16.65||-0.60%|
|.BSESN||S&P BSE Sensex||3 Apr 2020||27,590.95||-674.36||-2.39%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||3:14am EDT||1,340.28||+9.63||+0.72%|
|.HNX30||HNX 30 Index||2 Apr 2020||179.54||+5.50||+3.16%|
Have a healthy week, stay at home!