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

Thursday’s World Markets Outlook: Asia-Pacific


China’s blue-chip share index was flat to little changed Thursday, but start-up board ChiNext continued its uptrend on reform hopes. Hong Kong stocks fell on a downbeat economic outlook from the Fed.

The CSI300 index was unchanged at 4,038.84 pts at the end of the morning session, while the Shanghai Composite Index gained 0.2%, to 2,950.78 pts.

Shenzhen’s ChiNext rose 1.4% ahead of an imminent reform that will introduce a US-style IPO system to the start-up board.

In Hong Kong, the Hang Seng index dropped 1.0%, to 24,791.36 points, while the Hong Kong China Enterprises Index lost 0.8%, to 10,061.80.

 Japanese shares declined Thursday, with automakers and financials leading the declines, as JPY firmed after the Fed made no policy changes in the 1st economic projections of the massive Medical Malpractice event.

The benchmark Nikkei average dropped 1.1% to 22,882.28 by the midday break, further off its 3.5-month highs touched earlier in this week.

The broader Topix lost 0.9% to 1,610.73 by the midday recess, also off its highest level since Feb. 21 touched earlier this week.

Aussie stocks are on track to cap a 7-session rally, the S&P/ASX 200 index declined as much as 1.8% in its worst session since 13 May. It was down 1.2%, or 72.4 pts, at 6,076.0 by 0039 GMT.

 New Zealand’s benchmark S&P/NZX 50 index is 0.1% lower, or 16.2 pts to 11,244.3. The benchmark was on track for its 3rd straight session of decliners.

Indonesia’s benchmark index fell 2.3%, with financials accounting for around a 3rd of the losses. PT Bank Mandiri (Persero) Tbk shed about 7% and was the biggest drag.

Thai shares rose 0.7%, on plans to re-open more businesses from as early as 15 June, as the C-19 coronavirus outbreak looks to be contained.

Asia-Pacific Indexes

Data as of 11 June 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:22am EDT139.52-3.18-2.23%
.TRXFLDHKPThomson Reuters Equity HK Index2:22am EDT287.34-4.03-1.38%
.TRXFLDINPThomson Reuters Equity India Index2:23am EDT1,151.18-4.99-0.43%
.N225Nikkei Stock Average 2252:15am EDT22,472.91-652.04-2.82%
.HSIHang Seng Index2:38am EDT24,630.26-419.47-1.67%
.AORDASX All Ordinaries Index2:48am EDT6,079.50-189.80-3.03%
.KS11KOSPI Index2:33am EDT2,176.78-18.91-0.86%
.SETISET Composite Index1:29am EDT1,412.45-6.32-0.45%
.JKSEJakarta Composite2:53am EDT4,876.08-44.60-0.91%
.PSIPSE Composite Index12:50am EDT6,476.24+36.87+0.57%
.SSECShanghai Composite Index2:38am EDT2,920.78-22.98-0.78%
.BSESNS&P BSE Sensex2:38am EDT33,923.94-323.11-0.94%
.FTFBMKLCIFTSE Bursa Malaysia KLCI2:37am EDT1,557.57-17.70-1.12%
.HNX30HNX 30 Index9 Jun 2020237.39+0.23+0.10%

Have a healthy day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is 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.