Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

#world #stock #markets $HongKong #Australia #Japan #China #AsiaPacific

Hong Kong stocks posted strong gains Thursday, with the index tracking Mainland stocks having its best day in more than 3 months, after a security law went into effect in the city this week.

The Hang Seng index rose 2.9% at 25,124.19, while the China Enterprises Index, tracking mainland companies listed in Hong Kong, gained 3.1% to 10,056.86, marking its best session since 25 March.

 China stocks rallied Thursday, with the blue-chip index closing at its highest in 2.5 yrs

The blue-chip CSI300 index ended 2.1% higher at 4,335.84, its highest closing level since 26 January 2018; the Shanghai Composite Index gained 2.1% at 3,090.57. Leading the gains, the CSI300 Real Estate index and the CSI300 SWS securities index rallied 3.5% and 7%, respectively.

Australian shares ended at their highest marks in 3 wks Thursday, led by financials and technology stocks, as positive developments in a C-19 vaccine trial and optimism about more stimulus raised hopes of a quicker economic recovery.

Rising for the 3rd straight day, the S&P/ASX 200 index gained 1.7% at 6,032.7. New Zealand’s benchmark S&P/NZX 50 index ending up 1.3% at 11,502.52.

Japan’s benchmark Nikkei average edged up 0.1% at 22,145.96. The broader Topix rose 0.3% at 1,542.76, with the 33 sector sub-indexes on the Tokyo exchange finishing higher.

Asia-Pacific Indexes

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

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:45am EDT135.45+0.38+0.28%
.TRXFLDHKPThomson Reuters Equity HK Index5:46am EDT301.98+9.82+3.36%
.TRXFLDINPThomson Reuters Equity India Index6:10am EDT1,206.20+12.58+1.05%
.N225Nikkei Stock Average 2252:15am EDT22,145.96+24.23+0.11%
.HSIHang Seng Index4:08am EDT25,124.19+697.00+2.85%
.AORDASX All Ordinaries Index3:20am EDT6,142.30+101.30+1.68%
.KS11KOSPI Index5:03am EDT2,135.37+28.67+1.36%
.SETISET Composite Index5:41am EDT1,374.13+24.69+1.83%
.JKSEJakarta Composite4:14am EDT4,966.78+52.39+1.07%
.PSIPSE Composite Index12:50am EDT6,364.08+154.37+2.49%
.SSECShanghai Composite Index3:59am EDT3,090.57+64.59+2.13%
.BSESNS&P BSE Sensex6:26am EDT35,843.70+429.25+1.21%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,536.28+21.85+1.44%
.HNX30HNX 30 Index1 Jul 2020214.39-0.77-0.36%

Have a healthy day, 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.