Home 2020 Monday’s World Markets Outlook: Asia- Pacific

Monday’s World Markets Outlook: Asia- Pacific

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.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:58am EDT120.41+4.34+3.74%
.TRXFLDHKPThomson Reuters Equity HK Index2:58am EDT263.55+4.39+1.69%
.TRXFLDINPThomson Reuters Equity India Index2:58am EDT926.53+0.00+0.00%
.N225Nikkei Stock Average 2252:15am EDT18,576.30+756.11+4.24%
.HSIHang Seng Index3:14am EDT23,724.16+488.05+2.10%
.AORDASX All Ordinaries Index3:00am EDT5,323.60+216.70+4.24%
.KS11KOSPI Index2:30am EDT1,791.88+66.44+3.85%
.SETISET Composite Index3 Apr 20201,138.84+0.57+0.05%
.JKSEJakarta Composite3:29am EDT4,782.05+158.62+3.43%
.PSIPSE Composite Index12:50am EDT5,570.81+223.84+4.19%
.SSECShanghai Composite Index3 Apr 20202,763.99-16.65-0.60%
.BSESNS&P BSE Sensex3 Apr 202027,590.95-674.36-2.39%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:14am EDT1,340.28+9.63+0.72%
.HNX30HNX 30 Index2 Apr 2020179.54+5.50+3.16%

Have a healthy week, stay at home!

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.