Tuesday’s World Markets Outlook: Asia-Pacific

 Australian shares finished lower Tuesday after the Treasury said it was not working on any new stimulus packages at the moment, while the country readied to relax some restrictions amid a decline in coronavirus cases.

The S&P/ASX 200 index ended 0.2% lower to 5313.1 at the close. The benchmark rose 1.5% Monday.

New Zealand’s benchmark index rose 3.3% to end at its highest closing mark in over a wk, as trading resumed following a holiday Monday.

Japanese stocks ended steady on Tuesday as investors booked profits after sharp gains in the previous session, while a raft of better-than-expected earnings results and forecasts supported the major indexes.

The benchmark Nikkei average slipped 0.1% to 19,771.19 at the close, a day after the index posted a hefty gainer of 2.7% and ahead of the Showa Day holiday Wednesday.

The Nikkei volatility index, considered a fear gauge based on option pricing, dropped as much as 11.3% to a 1.5-month low of 30.9, reflecting a decline in market worries.

China stocks Tuesday went in and out of the Red, but turned Green as the start-up index gained on fresh regulatory reform, while investors awaited big banks to release their earnings after a tumultuous Q-1.

At the midday break, the Shanghai Composite index was up 0.1% at 2,818.48 pts, after dropping 2% to its lowest mark in more than 3 wks in morning trade.

China’s blue-chip CSI300 index was up 0.8%, with its financial sector sub-index rising 1.2%, the consumer staples sector up 1.6%, the Real Estate index up 1.7% and the Healthcare sub-index climbed 0.1%.

The Shenzhen index was up 0.1% and the start-up board ChiNext Composite index climbed 1.3%.

Hong Kong leader Carrie Lam said on Tuesday most civil servants will gradually return to work from 4 May.

Chinese H-shares listed in the city rose 0.8%, while the Hang Seng Index also gained 0.8% to 24,466.42.

Around the region, MSCI’s Asia sans Japan stock index was flat, while Japan’s Nikkei index was down 0.4%.

The onshore RMB Yuan was 0.01% firmer at 7.0863 per USD

The sub-index of the Hang Seng index tracking energy shares gained 0.3%, while the IT sector rose 0.4%.

Most Southeast Asian markets gave up early gainers to trade lower Tuesday, as fears of a slow economic recovery from the coronavirus pandemic and a tumble in oil prices weighed on sentiment.

Energy stocks dragged down Vietnam’s benchmark index as much as 0.7%.

Singapore’s Straits Times index fell as much as 0.7%.

The Philippine benchmark, rose as much as 1.9%, on track for its best day since 17 April.

Another bright spot was Indonesian stocks, up 0.4%, which was helped by gains in industrial companies.

Thailand and Malaysia fell a bit.

ASIA-PACIFIC INDICES

Data as of 28 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:54am EDT126.97+0.13+0.10%
.TRXFLDHKPThomson Reuters Equity HK Index2:53am EDT276.90+2.39+0.87%
.TRXFLDINPThomson Reuters Equity India Index2:54am EDT1,064.77+0.19+0.02%
.N225Nikkei Stock Average 2252:15am EDT19,771.19-12.03-0.06%
.HSIHang Seng Index3:10am EDT24,505.74+225.60+0.93%
.AORDASX All Ordinaries Index2:44am EDT5,381.20-7.10-0.13%
.KS11KOSPI Index2:30am EDT1,934.09+11.32+0.59%
.SETISET Composite Index1:29am EDT1,271.29+3.88+0.31%
.JKSEJakarta Composite3:24am EDT4,529.98+16.84+0.37%
.PSIPSE Composite Index12:50am EDT5,574.98+124.53+2.28%
.SSECShanghai Composite Index3:00am EDT2,810.02-5.47-0.19%
.BSESNS&P BSE Sensex3:09am EDT31,784.05+40.97+0.13%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:09am EDT1,369.21-0.95-0.07%
.HNX30HNX 30 Index26 Apr 2020201.75-1.77-0.87%

Have a healthy day, Keep the Faith!

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