Home Asia ASEAN Tuesday’s World Markets Outlook: Asia-Pacific

Tuesday’s World Markets Outlook: Asia-Pacific

Japanese shares fell Tuesday with energy-related companies taking the brunt of a collapse in Crude Oil prices, while the virus pandemic curbed any risk appetite ahead of corporate earnings.

The Nikkei share average fell 1.97% to 19,280.78, slipping further from Friday’s near 6-wk high at 19,922. The broader Topix lost 1.15% to 1,415.89.

China and Hong Kong stocks dropped Tuesday as caution recaptured world markets after US Crude Oil futures recorded a historic dive overnight, cautioning investors to stay away from riskier assets.

At the midday break, the Shanghai Composite index was down 1.35% to 2,813.95 pts.

China’s blue-chip CSI300 index was down 1.66%, with its financial sector sub-index dropping 1.3%, the consumer staples sector down 1.91%, the real estate index down 1.49% and the healthcare sub-index down 1.77%.

Chinese H-shares listed in Hong Kong fell 2.17% to 9,611.3, while the Hang Seng Index was down 2.29% to 23,772.36.

Australian shares finished lower Tuesday as energy stocks were hammered by a historic dive in US Crude Oil prices amid a collapse in demand due to the coronavirus chaos.

The S&P/ASX 200 index fell 0.7% to 5,314.5 by 0033 GMT and hit its lowest level since 9 April.

In New Zealand: the benchmark S&P/NZX 50 slid 0.3% to 10,733.

Southeast Asian stock markets were hammered Tuesday, after a historic dive in US Crude futures to below Zero highlighted the damage wreaked by the coronavirus chaos.

Broader Asian markets were also trading lower.

Malaysian stocks were down as much as 2%, set for their worst day since 1 April. Press Metal Aluminium weakened as much as 5.8% to a one-week low, while CIMB Group tumbled 4.5%.

The Indonesian and Thai indexes both fell nearly 2%. Tourindo Guide Indonesia dropped to 5-wk lows, while Surapon Foods touched its lowest in near two weeks.

Singapore stocks shed as much as 1.6% to hit their lowest marks since 13 April. Sembcorp Industries declined as much as 4.4% to its lowest since 7 April, while Wilmar International lost 3.5% to hit its lowest since 6 April.


Data as of 21 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:52am EDT124.09-1.56-1.24%
.TRXFLDHKPThomson Reuters Equity HK Index2:52am EDT269.28-5.14-1.87%
.TRXFLDINPThomson Reuters Equity India Index2:51am EDT1,035.16-28.73-2.70%
.N225Nikkei Stock Average 2252:15am EDT19,280.78-388.34-1.97%
.HSIHang Seng Index3:08am EDT23,871.91-458.11-1.88%
.AORDASX All Ordinaries Index2:17am EDT5,278.60-136.10-2.51%
.KS11KOSPI Index2:32am EDT1,879.38-18.98-1.00%
.SETISET Composite Index1:29am EDT1,253.46-12.94-1.02%
.JKSEJakarta Composite3:23am EDT4,492.02-83.89-1.83%
.PSIPSE Composite Index12:50am EDT5,592.25-141.40-2.47%
.SSECShanghai Composite Index3:00am EDT2,827.01-25.54-0.90%
.BSESNS&P BSE Sensex3:08am EDT30,537.70-1,110.30-3.51%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:08am EDT1,390.41-22.71-1.61%
.HNX30HNX 30 Index19 Apr 2020208.84-0.10-0.05%

Have a healthy day, Keep the Faith!

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.