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

Tuesday’s World Markets Outlook: Asia-Pacific


World stocks have risen 35% from a late March bottom.

Australian shares closed higher Tuesday after the country’s central bank reiterated that the impact from the C-19 coronavirus chaos could be less damaging than initially feared, stoking hopes of a speedy economic recovery.

The S&P/ASX 200 closed 0.3% firmer at 5,835.10, though lingering worries over US-China relations kept a cap on gains.

New Zealand’s S&P/NZX 50 ended 1.4% higher at 11,034.17

Japanese shares hit a more than 3-month highs Tuesday as hopes for a global economic recovery bolstered expectations for a rebound in corporate earnings, with more countries gradually reopening after C-19 coronavirus chaos-related lockdowns.

The Nikkei index ended 1.19% higher at 22,325.61 pts after earlier rising to its highest mark since 26 February. Industrial and technology shares led the advance.

The broader TOPIX index rose 1.21% at 1,587.68

China stocks were flat to unchanged Tuesday, as investors reviewed their positions after recent gains triggered by optimism over fresh policies to support the economy, though concerns about deteriorating US-China relations lingered.

At the midday break, the Shanghai Composite index was down 0.11% to 2,912.09 pts.

China’s blue-chip CSI300 index was down 0.04%, as of 0415 GMT, with its financial sector sub-index climbing 0.51%, the consumer staples sector down 0.19%, the Real Estate index up 0.98% and the healthcare sub-index down 1.14%.

Chinese H-shares listed in Hong Kong fell 0.22% to 9,812.26, while the Hang Seng Index was up 0.38% at 23,823.03.

The smaller Shenzhen index was down 0.14% and the start-up board ChiNext Composite index was weaker by 1.02%.

The Indonesian benchmark spiked 2.5% in early trade to its highest level since early April.

Singapore’s index touched a 2-wk peak, led by blue chips such as Jardine Cycle & Carriage Holdings Ltd and DBS Group Holdings Ltd .

The Philippine benchmark rose 1.5% to hit its highest mark since mid-March.

Thai stocks hit a near 3-month high buoyed by utilities.

Vietnam rose on consumer staples.

The Philippines and Indonesia extended their winning streak to a fifth session, Vietnam was up for a 4th session while for Thailand, it was a 3rd day of gainers.

Malaysian shares were flat.


Data as of 2 Jun 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:55am EDT139.33+1.67+1.21%
.TRXFLDHKPThomson Reuters Equity HK Index2:55am EDT279.63+1.75+0.63%
.TRXFLDINPThomson Reuters Equity India Index2:53am EDT1,129.65+12.13+1.09%
.N225Nikkei Stock Average 2252:15am EDT22,325.61+263.22+1.19%
.HSIHang Seng Index3:10am EDT23,904.78+172.26+0.73%
.AORDASX All Ordinaries Index2:17am EDT5,960.10+21.70+0.37%
.KS11KOSPI Index2:30am EDT2,087.19+22.11+1.07%
.SETISET Composite Index1:29am EDT1,364.52+12.15+0.90%
.JKSEJakarta Composite3:25am EDT4,856.39+102.77+2.16%
.PSIPSE Composite Index12:50am EDT6,025.17+95.00+1.60%
.SSECShanghai Composite Index3:00am EDT2,921.40+5.97+0.20%
.BSESNS&P BSE Sensex3:10am EDT33,683.22+379.70+1.14%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:10am EDT1,506.91+16.77+1.13%
.HNX30HNX 30 Index31 May 2020222.77+6.18+2.85%

Have a healthy day, Keep the Faith!


Previous article“Law & Order” the Perfect Case for President Trump’s Reelection
Next articleWall Street’s Key Stock Analysts Research Report, All Buys
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.