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.
| Symb | Index | Time | Last | Chg | Chg % |
|---|---|---|---|---|---|
| .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!
