Asian shares pared early losses Thursday after Chinese exports proved far stronger than even Bulls imagined.
Around the region, MSCI’s Asia sans Japan stock index was weaker by 0.1%, while Japan’s Nikkei index closed up 0.28%.
China stocks ended lower Thursday, as investors are still cautious on a bleak trade outlook globally that could slow the recovery in the world’s 2nd largest economy from the C-19 coronavirus chaos.
The Shanghai Composite index closed down 0.23% to 2,871.52. The blue-chip CSI300 index was down 0.29%, with its financial sector sub-index lower by 0.69%, the consumer staples sector up 0.89%, the Real Estate index down 0.95% and the healthcare sub-index up 0.03%.
The smaller Shenzhen index ended down 0.11% and the start-up board ChiNext Composite index was weaker by 0.162%
Japanese shares eased on their return from a long holiday Thursday, with airlines declining the most, as sentiment was dampened by Tokyo’s move to extend a state of emergency.
The broader Topix index dropped 0.32% to 1,426.73, with air transport and land transport among the worst three performing sectors on the local bourse, down 6.8% and 2.9%, respectively.
The S&P/ASX 200 index closed 0.4% lower to 5,364.20 pts, after shedding 0.4% Wednesday. The index is off 25.6% from its lifetime high on 20 February 2020.
In New Zealand: the S&P/NZX 50 index settled 0.7% higher at 10,649.23.
Philippine shares fell Thursday after economic growth unexpectedly shrank in Q-1.
Thai shares fell 0.9% as investors returned from a market holiday.
Vietnam stocks rose 1.1%, their highest in more than 2 wks, boosted by financials and consumer staples companies.
Financial markets in Singapore, Malaysia and Indonesia were closed Thursday for the Buddhist holiday of Vesak Day.
Data as of 7 May 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||3:38am EDT||125.16||-0.35||-0.28%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||4:09am EDT||273.25||-1.19||-0.43%|
|.TRXFLDINP||Thomson Reuters Equity India Index||4:10am EDT||1,049.82||-7.72||-0.73%|
|.N225||Nikkei Stock Average 225||2:15am EDT||19,674.77||+55.42||+0.28%|
|.HSI||Hang Seng Index||4:08am EDT||23,980.63||-156.85||-0.65%|
|.AORD||ASX All Ordinaries Index||2:45am EDT||5,449.90||-14.90||-0.27%|
|.KS11||KOSPI Index||2:32am EDT||1,928.61||-0.15||-0.01%|
|.SETI||SET Composite Index||4:25am EDT||1,253.22||-25.41||-1.99%|
|.JKSE||Jakarta Composite||6 May 2020||4,608.79||-21.34||-0.46%|
|.PSI||PSE Composite Index||12:50am EDT||5,653.16||+13.89||+0.25%|
|.SSEC||Shanghai Composite Index||3:59am EDT||2,871.52||-6.62||-0.23%|
|.BSESN||S&P BSE Sensex||4:26am EDT||31,406.64||-279.11||-0.88%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||6 May 2020||1,376.93||-12.62||-0.91%|
|.HNX30||HNX 30 Index||5 May 2020||204.14||+2.48||+1.23%|
Have a healthy day, Keep the Faith!