Tuesday’s World Markets Outlook: Asia-Pacific

MSCI’s broadest index of Asia-Pacific shares sans Japan last traded up 1.6% in late Asian trade.

Australian shares closed at a more than two-month high on Tuesday, led by gains in mining, energy and financial stocks, as a gradual re-opening of some economies boosted sentiment and raised hopes of a demand recovery for commodities.

The S&P/ASX 200 index closed 1.81% higher at 5,559.5, its highest close since 11 March.

New Zealand’s benchmark S&P/NZX 50 index ended 0.3% higher on the back of gains in financial and utility stocks.

Japanese stocks advanced in line with their Wall Street and Asian peers and hit a 2.5 month high Tuesday, as encouraging early-stage data for a potential C-19 coronavirus vaccine boosted hopes for a swift reopening of the global economy.

The benchmark Nikkei average gained 1.5% to 20,433.45, its highest closing since 6 March.

Japan’s broader Topix climbed 1.8% to 1,486.05, also its highest finish since 6 March, with all but one of the 33 sector sub-indexes on the Tokyo exchange trading higher

China shares rose Tuesday, tracking gains on the Wall Street, as an early-stage trial for a coronavirus vaccine showed encouraging data, while increasing hopes for an economic recovery also aided sentiment.

At the midday break, the Shanghai Composite index was up 0.53% at 2,890.56, after opening higher at 0.8%.

China’s blue-chip CSI300 index was up 0.64%, with its financial sector sub-index higher by 0.53%, the consumer staples sector down 0.01%, the Real eEtate index down 0.28% and the healthcare sub-index up 0.27%.

Chinese H-shares listed in Hong Kong rose 1.53% to 9,875.4, while the Hang Seng Index was up 1.79% at 24,363.57.

The smaller Shenzhen index was up 0.71% and the start-up board ChiNext Composite index was higher by 0.87%

Southeast Asian stock markets rose Tuesday, tracking Wall Street’s gains overnight, on hopes of economic recovery after a successful early-stage trial of a coronavirus vaccine boosted sentiment.

Indonesian shares jumped 2%, boosted by financial stocks, with PT Victoria Investama surging 19.1% and investment manager PT Lippo Securities jumping 15.2%.

Singapore stocks climbed for a 3rd session running, up 1.9%, with transport services provider SATS Ltd adding 5.2% and large-cap Jardine Cycle & Carriage gaining 2.9%.

Philippine stocks traded 1.5% higher and were set to cap 2 straight sessions of losses.

In Thailand, the benchmark gained 1.8% to its highest mark since 6 March and is on course for its 3rd straight session of gainers.

ASIA-PACIFIC INDICES

Data as of 19 May 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT130.31+2.38+1.86%
.TRXFLDHKPThomson Reuters Equity HK Index3:05am EDT282.08+5.39+1.95%
.TRXFLDINPThomson Reuters Equity India Index3:05am EDT1,026.17+14.78+1.46%
.N225Nikkei Stock Average 2252:15am EDT20,433.45+299.72+1.49%
.HSIHang Seng Index3:21am EDT24,440.93+506.16+2.11%
.AORDASX All Ordinaries Index2:43am EDT5,658.80+101.30+1.82%
.KS11KOSPI Index2:33am EDT1,980.61+43.50+2.25%
.SETISET Composite Index1:29am EDT1,314.20+27.67+2.15%
.JKSEJakarta Composite3:34am EDT4,554.56+43.51+0.96%
.PSIPSE Composite Index12:50am EDT5,555.85+76.50+1.40%
.SSECShanghai Composite Index3:00am EDT2,898.58+23.16+0.81%
.BSESNS&P BSE Sensex3:21am EDT30,571.11+542.13+1.81%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:18am EDT1,425.65+15.49+1.10%
.HNX30HNX 30 Index17 May 2020212.41-0.09-0.04%

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it 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.