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

Tuesday’s World Markets Outlook: Asia-Pacific

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Australian shares rose more than 3% Tuesday, with gains propped up by miners and financial stocks, as investors continued to bet on a swift economic rebound from the damage wrought by the C-19 coronavirus chaos.

Returning from a holiday-extended weekend, the S&P/ASX 200 rose 2.6% to 6,153.7 by 0037 GMT, up for a 6th straight session. Earlier in the session, the index was up 3.3% to its highest since 9 March.

New Zealand’s benchmark S&P/NZX 50 pared early gains to trade 0.7% lower to 11,437.42,

Japanese shares ended lower Tuesday, off its 3.5-month high marked Monday, as a firmer JPY weighed on the market, with automakers and chip-related companies leading the decline.

The benchmark Nikkei average dipped 0.4% to 23,091.03. It had hit its highest closing level since 21 February Monday. Also, the broader Topix eased 0.1% to 1,628.43.

China and Hong Kong stocks climbed Tuesday, tracking gains in broader markets, as the easing of the C-19 coronavirus chaos-induced lockdown in many countries fed short-term investor optimism of a quick economic recovery.

At the midday break, the Shanghai Composite index was up 0.47% at 2,951.70 pts.

Robust Northbound flows worth 3.14-B RMB yuan ($443.66-M) helped lift the index further, according to Refinitiv data.

China’s blue-chip CSI300 index was up 0.57%, with its financial sector sub-index climbing 0.47%, the consumer staples sector up 0.77%, the Real Estate index up 0.15% and the healthcare sub-index up 1.53%.

Chinese H-shares listed in Hong Kong rose 1.32% to 10,140.67, while the Hang Seng Index was up 1.31% at 25,101.56.

The smaller Shenzhen index was up 0.46% and the start-up board ChiNext Composite index was higher by 1.17%.

Singapore stocks rose Tuesday, putting them on course for their longest winning streak since March last year, while Malaysia gained over 2% after saying it would restart nearly all economic activity after months under medical emergency curbs.

The Indonesian market has been the region’s worst hit during the C-19 coronavirus chaos, still down 19% YTD, despite a recovery across the region that has taken Malaysia close to positive territory for Y 2020

Malaysian stocks gained up to 2.2% Tuesday after a long holiday weekend and hit their highest since 22 January. Malaysia Airports Holdings was the Top gainer with a rise of 8.2%.

Singapore shares climbed as much as 1.1% to their highest since mid-March.

Thai shares climbed for a 7th session running with consumer staples being the biggest winners on the index.

Indonesian stocks firmed up to 1%, with financials and consumer staples accounting for nearly a third of the benchmark index’s gains.

Vietnamese equities advanced for a 5th straight day, underpinned by consumer staples and industrials.

Asia-Pacific Indexes

Data as of 9 June 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:59am EDT142.97-0.19-0.13%
.TRXFLDHKPThomson Reuters Equity HK Index3:01am EDT291.38+4.13+1.44%
.TRXFLDINPThomson Reuters Equity India Index3:01am EDT1,171.03+10.97+0.95%
.N225Nikkei Stock Average 2252:15am EDT23,091.03-87.07-0.38%
.HSIHang Seng Index3:17am EDT25,208.64+431.87+1.74%
.AORDASX All Ordinaries Index3:12am EDT6,262.90+146.40+2.39%
.KS11KOSPI Index2:32am EDT2,188.92+4.63+0.21%
.SETISET Composite Index1:29am EDT1,444.63+5.97+0.41%
.JKSEJakarta Composite3:32am EDT5,040.47-30.09-0.59%
.PSIPSE Composite Index12:50am EDT6,583.84+69.84+1.07%
.SSECShanghai Composite Index3:07am EDT2,956.11+18.34+0.62%
.BSESNS&P BSE Sensex3:17am EDT34,565.01+194.43+0.57%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:16am EDT1,579.95+23.62+1.52%
.HNX30HNX 30 Index7 Jun 2020236.85+5.12+2.21%

Have a healthy day, Keep the Faith!

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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.