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

Tuesday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia

Emerging Asian equities rallied Tuesday on the back of upbeat Chinese data and positive vaccine news, recovering from a bout of profit-taking in the previous trading session.

China’s blue-chip stocks rose Tuesday by their most in more than 7 wks, as better-than-expected manufacturing survey data underscored a continued recovery in the world’s 2nd-largest economy.

At the close, the blue-chip CSI300 index was up 2.15%, its biggest daily rise since 12 October. The Shanghai Composite index rose 1.77% at 3,451.94. The CSI300 financial sector sub-index rose 2.83%, the consumer staples sector added 1.52% and the healthcare sub-index jumped 3.17%

Japan’s benchmark Nikkei closed near a 29.5 yr high Tuesday, tracking gains in US stock futures over growing optimism that major drugmakers will roll out coronavirus vaccines before year-end.

The Nikkei 225 index ended up 1.34% at 26,787.54, near its highest mark since April 1991.The broader Topix rose 0.77% at 1,768.38.

Australian shares ended a 3-session running losing streak to finish higher Tuesday as the central bank sounded optimistic about a recovery in the coronavirus-hit economy while keeping interest rates at an all-time low.

The S&P/ASX 200 index was up 1.1% at 6,588.5 pts at the close.

New Zealand’s benchmark S&P/NZX 50 index snapped 2 sessions of gainers to end 0.3% lower.

Asia-Pacific Indexes

Data as of 1 December 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:45am EST154.66+1.19+0.78%
.TRXFLDHKPThomson Reuters Equity HK Index7:08am EST328.21+2.08+0.64%
.TRXFLDINPThomson Reuters Equity India Index7:24am EST1,518.78+17.00+1.13%
.N225Nikkei Stock Average 2251:15am EST26,787.54+353.92+1.34%
.HSIHang Seng Index3:08am EST26,567.68+226.19+0.86%
.AORDASX All Ordinaries Index1:21am EST6,812.20+70.10+1.04%
.KS11KOSPI Index4:01am EST2,634.25+42.91+1.66%
.SETISET Composite Index4:47am EST1,420.87+12.56+0.89%
.JKSEJakarta Composite3:14am EST5,724.74+112.33+2.00%
.PSIPSE Composite Index30 Nov 20207,009.56+218.10+3.21%
.SSECShanghai Composite Index2:59am EST3,451.94+60.18+1.77%
.BSESNS&P BSE Sensex7:22am EST44,655.44+505.72+1.15%
.FTFBMKLCIFTSE Bursa Malaysia KLCI30 Nov 20201,602.26+39.55+2.53%
.HNX30HNX 30 Index30 Nov 2020267.95+0.96+0.36%

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.