Thursday’s World Stock Markets Update: Asia and Oceania

Asian share markets were down Thursday, clouded by the rising US coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims.

With hopes growing that the worst of the outbreak may have passed for China and SKorea, the mood was less bleak than on Wall Street, which fell overnight but the futures are up now.

European futures inched higher, with EuroSTOXX 50 futures up 0.2% and DAX and FTSE futures making tiny gains.

E-mini futures for the S&P 500 bounced 1.6% after the decline Wednesday.

Crude Oil rose on hints of an end to the Russia-Saudi Arabia price war, and riskier currencies made headway late in the session.

Yet MSCI’s broadest index of Asia-Pacific shares sans Japan struggled to advance, and traded flat. Japan’s Nikkei followed a heavy fall on Wednesday with a 1.4% drop.

People trying to figure out how much of the month-end moves last week were just a Bear market rally, or real.

Hong Kong stocks erased earlier losses to close higher Thursday, led by energy shares as crude oil futures jumped on hopes for a deal to end the price war between Saudi Arabia and Russia.

At the close of trade, the Hang Seng index was up 194.27 points, or 0.84%, at 23,280.06. The Hang Seng China Enterprises index rose 1.29% to 9,526.56.

Australia’s bank-heavy benchmark stayed in the red, closing down 2%, after New Zealand’s central bank ordered a suspension of bank dividends – hitting Australia’s banks, which own most of New Zealand’s big lenders.

ASIA/PACIFIC INDICES

Data as of 2 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:43am EDT116.56-1.87-1.58%
.TRXFLDHKPThomson Reuters Equity HK Index4:22am EDT259.97+2.49+0.97%
.TRXFLDINPThomson Reuters Equity India Index4:22am EDT944.86+0.00+0.00%
.N225Nikkei Stock Average 2252:15am EDT17,818.72-246.69-1.37%
.HSIHang Seng Index4:08am EDT23,280.06+194.27+0.84%
.AORDASX All Ordinaries Index2:23am EDT5,188.70-102.00-1.93%
.KS11KOSPI Index2:33am EDT1,724.86+39.40+2.34%
.SETISET Composite Index4:36am EDT1,134.94+29.43+2.66%
.JKSEJakarta Composite4:14am EDT4,531.69+65.65+1.47%
.PSIPSE Composite Index12:50am EDT5,342.31-66.21-1.22%
.SSECShanghai Composite Index3:59am EDT2,780.64+46.12+1.69%
.BSESNS&P BSE Sensex1 Apr 202028,265.31-1,203.18-4.08%
.FTFBMKLCIFTSE Bursa Malaysia KLCI4:36am EDT1,328.79+6.13+0.46%
.HNX30HNX 30 Index31 Mar 2020174.04+6.15+3.66%

Have a healthy day, stay home!

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