Hong Kong shares Tuesday recouped some of the prior session’s sharp losses, tracking gains in broader Asia, as countries laid out plans to ease coronavirus-induced restrictions.
The Hang Seng index rose 0.5% to 23,742.13 pts, having lost more than 4% Monday as US-China tensions simmer. The Hang Seng China Enterprises index gained 0.4% Tuesday.
The sub-index of the Hang Seng tracking energy shares rose 1.1%, the IT sector gained 0.8%, the financial sector was 0.1% higher and the property sector edged up 0.5%.
Mainland China’s financial markets are closed until Wednesday for a public holiday.
Australian shares rose Tuesday as a technology stocks-driven rally on Wall Street helped lift investor sentiment and soothe worries over a recent spike in US-China tensions, while signs of an improvement in local consumer confidence also helped.
The S&P/ASX 200 index rose 0.98% at 5,372.1 by 0010 GMT, building on Monday’s 1.4% climb to regain some ground lost last week.
New Zealand’s benchmark S&P/NZX 50 index rose 0.45% at 10,522.6, with outdoor clothing retailer Kathmandu Holdings gaining the most on the index.
Tuesday, most Southeast Asian stock markets clawed back some ground lost Monday, as phased easing of coronavirus restrictions by some countries and US states bolstered hopes of an economic recovery.
Sentiment was also aided by a firmer finish on Wall Street overnight, as a rally in tech stocks eclipsed worries about simmering US-China tensions over the coronavirus’ origin. “Investors seemed to take comfort in the announcements of the gradual re-opening of countries and regions that were hard hit by the COVID-19 pandemic,” analysts at Mizuho said in a note.
Philippine shares rose as much as 1.3% and led gainers in the region, after data showed annual inflation eased to a five-month low in April.
Singapore’s Straits Times Index advanced 1.2%, lifted by financials and energy-related stocks, which got a boost from higher oil prices.
Malaysian stocks rose over 1%, helped by Petronas Chemicals Group’s 3.7% gain, and Axiata Group’s more than 2% rise. The country’s central bank began its two-day monetary policy meeting on Monday, with a rate decision due late Tuesday.
Thai stocks declined about 1.8%, on course to end a 4-session winning streak, as they added nearly 3.5%.
Data as of 5 May 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:54am EDT||125.51||+0.00||+0.00%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||2:54am EDT||270.51||+2.71||+1.01%|
|.TRXFLDINP||Thomson Reuters Equity India Index||2:54am EDT||1,061.74||+0.53||+0.05%|
|.N225||Nikkei Stock Average 225||1 May 2020||19,619.35||-574.34||-2.84%|
|.HSI||Hang Seng Index||3:09am EDT||23,832.77||+218.97||+0.93%|
|.AORD||ASX All Ordinaries Index||3:12am EDT||5,478.10||+88.60||+1.64%|
|.KS11||KOSPI Index||4 May 2020||1,895.37||-52.19||-2.68%|
|.SETI||SET Composite Index||1:29am EDT||1,283.34||-18.32||-1.41%|
|.JKSE||Jakarta Composite||3:24am EDT||4,627.15||+21.67||+0.47%|
|.PSI||PSE Composite Index||12:50am EDT||5,671.67||+99.58||+1.79%|
|.SSEC||Shanghai Composite Index||30 Apr 2020||2,860.08||+37.64||+1.33%|
|.BSESN||S&P BSE Sensex||3:09am EDT||31,820.90||+105.55||+0.33%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||3:09am EDT||1,390.72||+14.13||+1.03%|
|.HNX30||HNX 30 Index||3 May 2020||201.76||-1.84||-0.90%|
Have a healthy day, Keep the Faith!
Latest posts by HEFFX Australia (see all)
- All Tesla (NASDAQ:TSLA) Cars Being Produced Now Have Full Self-Driving Hardware - October 29, 2020
- Facebook (NASDAQ:FB) Not-so-happy Days - October 29, 2020
- Apple (NASDAQ:AAPL) Stock Hit Hard by Virus and Election - October 29, 2020