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.
Data as of 9 June 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:59am EDT||142.97||-0.19||-0.13%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||3:01am EDT||291.38||+4.13||+1.44%|
|.TRXFLDINP||Thomson Reuters Equity India Index||3:01am EDT||1,171.03||+10.97||+0.95%|
|.N225||Nikkei Stock Average 225||2:15am EDT||23,091.03||-87.07||-0.38%|
|.HSI||Hang Seng Index||3:17am EDT||25,208.64||+431.87||+1.74%|
|.AORD||ASX All Ordinaries Index||3:12am EDT||6,262.90||+146.40||+2.39%|
|.KS11||KOSPI Index||2:32am EDT||2,188.92||+4.63||+0.21%|
|.SETI||SET Composite Index||1:29am EDT||1,444.63||+5.97||+0.41%|
|.JKSE||Jakarta Composite||3:32am EDT||5,040.47||-30.09||-0.59%|
|.PSI||PSE Composite Index||12:50am EDT||6,583.84||+69.84||+1.07%|
|.SSEC||Shanghai Composite Index||3:07am EDT||2,956.11||+18.34||+0.62%|
|.BSESN||S&P BSE Sensex||3:17am EDT||34,565.01||+194.43||+0.57%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||3:16am EDT||1,579.95||+23.62||+1.52%|
|.HNX30||HNX 30 Index||7 Jun 2020||236.85||+5.12||+2.21%|
Have a healthy day, Keep the Faith!