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

Thursday’s World Markets Outlook: Asia-Pacific

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Australian shares ended higher for the 4th straight session Thursday, as a fresh stimulus package to revive an economy battered by the C-19 coronavirus chaos bolstered bets of a rebound from its 1st recession in 30 yrs.

The S&P/ASX 200 gained 0.8% at 5,990.8 after a A$680-M package for residents to build or renovate their homes.

New Zealand’s benchmark S&P/NZX 50 rose 0.9% at 11,222.8, up for the 4th session running.

Japanese stocks closed at their highest in more than 3 months Thursday, underpinned by a weaker JPY and signs of an economic rebound from a C-19 coronavirus chaos-led slump.

The benchmark Nikkei average ended up 0.4% at 22,695.74 pts, its highest close since 21 February.

The broader Topix added 0.3% at 1,603.82, its highest close since 26 February, with about 66% of the 33 sector sub-indexes on the Tokyo exchange finishing higher.

China stocks pared early gains Thursday due to concerns over rising tensions after The Trump Administration barred Chinese passenger carriers to fly to the United States.

At the midday break, the Shanghai Composite index was down 0.21% to 2,917.17, after opening 0.29% higher.

China’s blue-chip CSI300 index was down 0.16%, with its financial sector sub-index lower by 0.28%, the consumer staples sector up 0.4%, the Real Estate index down 0.61% and the healthcare sub-index down 0.07%

The smaller Shenzhen index was up 0.06% and the start-up board ChiNext Composite index was higher by 0.11%.

Chinese H-shares listed in Hong Kong fell 0.24% to 9,943.24, while the Hang Seng Index was down 0.11% to 24,298.60.

Philippine, Thai and Vietnamese shares hit their highest in around 3 months Thursday as Southeast Asian markets extended a week-long rally, driven by the re-opening of regional economies and prospects of fresh stimulus to aid the recovery.

Indonesia, Malaysia and the Philippines extended their winning streaks to a seventh session, while Thailand saw a 4th session of gainers

ASIA-PACIFIC INDICES

Data as of 4 June 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:37am EDT140.75+0.33+0.24%
.TRXFLDHKPThomson Reuters Equity HK Index5:37am EDT284.96+1.04+0.37%
.TRXFLDINPThomson Reuters Equity India Index5:57am EDT1,141.93-2.44-0.21%
.N225Nikkei Stock Average 2252:15am EDT22,695.74+81.98+0.36%
.HSIHang Seng Index4:08am EDT24,366.30+40.68+0.17%
.AORDASX All Ordinaries Index3:01am EDT6,112.00+47.10+0.78%
.KS11KOSPI Index5:01am EDT2,151.18+4.18+0.19%
.SETISET Composite Index5:56am EDT1,411.01+36.83+2.68%
.JKSEJakarta Composite4:14am EDT4,916.70-24.30-0.49%
.PSIPSE Composite Index12:50am EDT6,517.49+271.84+4.35%
.SSECShanghai Composite Index3:59am EDT2,919.25-4.12-0.14%
.BSESNS&P BSE Sensex6:14am EDT33,980.70-128.84-0.38%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,561.84+23.31+1.52%
.HNX30HNX 30 Index3 Jun 2020228.13+2.61+1.16%

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.