Monday’s World Markets Outlook: Asia-Pacific

China shares ended higher Monday as investors took hope from data showing home prices rose in April, but renewed trade tensions between Beijing and Washington

At the close, the Shanghai Composite index was up 0.24% at 2,875.42.

The blue-chip CSI300 index was up 0.26%, with its financial sector sub-index higher by 0.06%, the consumer staples sector up 2.62%, the Real Estate index up 1.39% and the healthcare sub-index up 1.81%.

Australian shares closed higher Monday, driven by gains in mining and energy stocks as the heavyweight sectors benefited from climbing prices of their respective underlying commodities.

The S&P/ASX 200 index rose 1.03% at 5,460.5 pts Monday. It is down 19.14% YTD.

New Zealand’s benchmark S&P/NZX 50 index ended 0.3% higher, helped by gains among utility and consumer stocks.

Japanese shares rose on Monday as signs of a slowdown in C-19 coronavirus infections raised optimism that the government would soon ease restrictions in additional prefectures, although escalating US-China trade tensions kept investors wary.

The benchmark Nikkei average gained 0.5% ay 20,133.73.

The broader Topix added 0.4% to end at 1,459.29, with 66% of the 33 sector sub-indexes on the Tokyo exchange finishing higher.

The NSE Nifty 50 index fell 3.05% to 8,857.90 by 0530 GMT, while the S&P BSE Sensex slid 3.09% to 30,137.63. The Nifty 50 slipped below the 9,000 level for the 1st time since 22 April.

Singapore shares gained Monday after the city-state reported a rise in annual exports, while most Southeast Asian stock markets tracked global equities to inch higher on renewed optimism as more countries eased lockdown restrictions and reopened their economies.

Asian shares sans Japan edged up 0.2%, while E-Mini futures for the U.S. S&P 500 added 1.1%.

Singapore’s benchmark index rose 0.8%, as annual exports rose for the 3rd month running in April, bolstered by a sharp rise in pharmaceutical shipments, according to official data.

Thailand’s index advanced, after a quiet session Friday where the index closed flat, buoyed by a jump in Crude Oil prices. Energy stocks boosted the index, with Lanna Resources up as much as 14.4%, while Prima Marine added 3.8%.

Philippine shares dropped 1.2% to their lowest in nearly 3 wks, with industrials and telecommunications services weighing the most. Earlier in the session, shares of the Philippines’ biggest broadcaster ABS-CBN Corp fell as much as 14.3% after the telecoms regulator ordered it to shut down operations.

Asia-Pacific Indexes

Data as of 18 May 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT127.93+0.49+0.38%
.TRXFLDHKPThomson Reuters Equity HK Index3:36am EDT276.42+1.16+0.42%
.TRXFLDINPThomson Reuters Equity India Index3:36am EDT1,017.21-29.73-2.84%
.N225Nikkei Stock Average 2252:15am EDT20,133.73+96.26+0.48%
.HSIHang Seng Index3:52am EDT23,905.31+107.84+0.45%
.AORDASX All Ordinaries Index3:31am EDT5,557.50+64.70+1.18%
.KS11KOSPI Index2:33am EDT1,937.11+9.83+0.51%
.SETISET Composite Index3:52am EDT1,291.12+10.36+0.81%
.JKSEJakarta Composite4:07am EDT4,511.06+3.45+0.08%
.PSIPSE Composite Index12:50am EDT5,479.35-62.60-1.13%
.SSECShanghai Composite Index3:44am EDT2,875.42+6.96+0.24%
.BSESNS&P BSE Sensex3:52am EDT30,235.12-862.61-2.77%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:52am EDT1,415.24+11.80+0.84%
.HNX30HNX 30 Index14 May 2020212.50-4.70-2.16%

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.