Thursday’s World Markets: Asia and Oceania

Thursday’s World Markets: Asia and Oceania

Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic.

Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases stoked worries of tougher domestic restrictions for social distancing.

The Nikkei share average dropped 4.51% to 18,664.60. It had risen 18% in the last 3 sessions, including an 8% gainer the Wednesday its biggest since Y 2008.

Australian shares settled higher for a 3rd session running Thursday, as investor sentiment was lifted by the US Senate passing a massive stimulus package to mitigate the economic blow from the coronavirus epidemic and curb its spread.

The S&P/ASX 200 index climbed 2.3% at 5,113.30, its highest close in a week, after Wednesday’s 5.5% gainer.

New Zealand’s benchmark S&P/NZX 50 index gained 3.8%, or 355.6 pts, at 9,619.9.

Chinese shares finished lower Thursday following 2 days of gains as China reported another rise in imported coronavirus cases. At the midday break, the Shanghai Composite index was down 0.18% at 2,776.64.

China’s blue-chip CSI300 index was down 0.16%, with its financial sector sub-index higher by 0.31%, the consumer staples sector up 0.42%, the real estate index down 0.25% and the healthcare sub-index up 0.78%.

Chinese H-shares listed in Hong Kong rose 0.19% to 9,548.04, while the Hang Seng Index was unchanged at 23,527.82.

The smaller Shenzhen index was down 0.34% and the start-up board ChiNext Composite index was weaker by 0.22%.

The Hang Seng erased losses late in the morning session after the U.S. Senate unanimously passed a $2-T bill aimed at helping unemployed workers and industries hurt by the coronavirus pandemic.

Philippine shares gained 4.9%, with property developers SM Prime Holdings Inc and Ayala Land gaining 9.6% and 6.7%, respectively.

The Malaysian index moved 0.7% higher, with gains led by telecom and utilities stocks.

Thai equities added 0.5%. Thailand has put into effect a state of emergency until the end of April, sealing off its borders from non-resident foreigners to contain the virus, though it held off on restricting people’s movement inside the country.

Singapore cut its F-Y GDP forecast and is set to announce more relief measures later, weeks after unleashing multi-billion dollar packages.

ASIA-PACIFIC INDICES

Data as of 26 March 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:57am EDT122.72-2.37-1.89%
.TRXFLDHKPThomson Reuters Equity HK Index2:57am EDT259.54-0.26-0.10%
.TRXFLDINPThomson Reuters Equity India Index2:57am EDT981.46+41.52+4.42%
.N225Nikkei Stock Average 2252:15am EDT18,664.60-882.03-4.51%
.HSIHang Seng Index3:14am EDT23,357.45-169.74-0.72%
.AORDASX All Ordinaries Index2:15am EDT5,135.20+129.00+2.58%
.KS11KOSPI Index2:33am EDT1,686.24-18.52-1.09%
.SETISET Composite Index1:29am EDT1,095.02+14.99+1.39%
.JKSEJakarta Composite3:29am EDT4,327.93+390.30+9.91%
.PSIPSE Composite Index12:50am EDT5,401.58+373.82+7.44%
.SSECShanghai Composite Index3:00am EDT2,764.91-16.68-0.60%
.BSESNS&P BSE Sensex3:14am EDT29,986.43+1,450.65+5.08%
.FTFBMKLCIFTSE Bursa Malaysia KLCI25 Mar 20201,333.39+8.89+0.67%
.HNX30HNX 30 Index24 Mar 2020181.30+6.32+3.61%

Have a healthy day, stay home!

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)