Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

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.

ASIA-PACIFIC INDICES

Data as of 7 May 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:38am EDT125.16-0.35-0.28%
.TRXFLDHKPThomson Reuters Equity HK Index4:09am EDT273.25-1.19-0.43%
.TRXFLDINPThomson Reuters Equity India Index4:10am EDT1,049.82-7.72-0.73%
.N225Nikkei Stock Average 2252:15am EDT19,674.77+55.42+0.28%
.HSIHang Seng Index4:08am EDT23,980.63-156.85-0.65%
.AORDASX All Ordinaries Index2:45am EDT5,449.90-14.90-0.27%
.KS11KOSPI Index2:32am EDT1,928.61-0.15-0.01%
.SETISET Composite Index4:25am EDT1,253.22-25.41-1.99%
.JKSEJakarta Composite6 May 20204,608.79-21.34-0.46%
.PSIPSE Composite Index12:50am EDT5,653.16+13.89+0.25%
.SSECShanghai Composite Index3:59am EDT2,871.52-6.62-0.23%
.BSESNS&P BSE Sensex4:26am EDT31,406.64-279.11-0.88%
.FTFBMKLCIFTSE Bursa Malaysia KLCI6 May 20201,376.93-12.62-0.91%
.HNX30HNX 30 Index5 May 2020204.14+2.48+1.23%

Have a healthy day, Keep the Faith!

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)