Tuesday’s World Markets Outlook: Asia-Pacific

China and Hong Kong stocks gained Tuesday, after the world’s 2nd-largest economy posted better-than-expected trade data despite the coronavirus outbreak.

China’s exports fell 6.6% in March from a year earlier, while imports shrank 0.9%, a better-than-expected outcome as factories restarted production, though the global coronavirus health crisis looks set to keep trade under pressure over coming months.

At the midday break, the Shanghai Composite index was up 0.73% at 2,803.43 pts.

China’s blue-chip CSI300 index was up 0.92%, with its financial sector sub-index higher by 0.73%, the consumer staples sector up 1.18%, the Real Estate index rose 1.64% and the healthcare sub-index gained 0.81%

Japanese shares rebounded Tuesday, led by semiconductor-related companies and other tech stocks, although trading was subdued as investors awaited earnings from prominent companies.

The benchmark Nikkei average rose 1.9% at 19,402.32 by the midday break, with the volume of shares traded on the main board valuing only at 989-B JPY ($9.2-B), well below the average.

The Nikkei’s volatility index, a measure of investors’ volatility expectations based on option pricing.

Gold stocks lifted Australia’s benchmark index to a near 1-month high Tuesday as prospects of dour corporate earnings globally amid the coronavirus-induced uncertainty pushed investors to pile into the safe-haven metal.

The S&P/ASX 200 index, trading for the 1st time after the Good Friday and Easter holidays, was up 0.5%, as of 0047 GMT, aided by a more than 8% surge in gold stocks as investors stocked up on the precious Yellow metal.

Gold prices soared to their highest in more than 7 yrs on Tuesday, as panicked investors opted for bullion on fears of coronavirus blow to the global economy.

Southeast Asian markets rose in thin trade Tuesday, tracking broader equities on signs of the coronavirus pandemic peaking, amid high caution ahead of Chinese trade data and an uncertain US earnings season.

Singaporean stocks advanced up to 2.4%, hitting their highest level in a month. Heavyweight financials United Overseas Bank Ltd and DBS Group Group Holdings Ltd rose over 2%, each.

The Philippine index jumped as much as 2.5% and touched its highest in a month. Bank of the Philippine Islands and Security Bank Corporation gained 3.8%, and 4.9%, respectively.

The Thai benchmark rose up to 1.9%, boosted by consumer discretionary stocks. Home Product Center Pcl jumped 3.7%. Thailand approved measures to boost production of medical equipment on Monday, a senior official said, as the country battles the virus which has claimed 40 lives there so far.

Vietnamese shares edged up, with real estate stocks the top gainers.

Indonesian equities climbed up to 1% ahead of its central bank meeting, with gains led by financials. PT Bank Mandiri (Persero) Tbk added 1.8%.

A majority of analysts polled by Reuters expect Indonesia’s central bank to keep its policy rate on hold as it tries to maintain stability in its currency and capital markets amid pressures from the pandemic.

ASIA-PACIFIC INDICES

Data as of 14 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:03am EDT125.66+2.43+1.97%
.TRXFLDHKPThomson Reuters Equity HK Index2:03am EDT273.41+2.15+0.79%
.TRXFLDINPThomson Reuters Equity India Index2:06am EDT1,027.25+0.00+0.00%
.N225Nikkei Stock Average 2252:15am EDT19,638.81+595.41+3.13%
.HSIHang Seng Index2:22am EDT24,489.97+189.64+0.78%
.AORDASX All Ordinaries Index2:17am EDT5,542.50+103.10+1.90%
.KS11KOSPI Index2:32am EDT1,857.08+31.32+1.72%
.SETISET Composite Index1:29am EDT1,249.24+12.46+1.01%
.JKSEJakarta Composite2:37am EDT4,650.31+26.41+0.57%
.PSIPSE Composite Index12:50am EDT5,780.88+169.90+3.03%
.SSECShanghai Composite Index2:21am EDT2,818.04+34.99+1.26%
.BSESNS&P BSE Sensex13 Apr 202030,690.02-469.60-1.51%
.FTFBMKLCIFTSE Bursa Malaysia KLCI2:21am EDT1,369.90+13.87+1.02%
.HNX30HNX 30 Index12 Apr 2020202.37+2.15+1.07%

Have a healthy day, stay home, Keep the Faith!

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