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. 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.