Wednesday’s World Markets: Asia and Oceania

Wednesday’s World Markets: Asia and Oceania

Australian shares jumped 5% Wednesday, ending just short of the 5,000 mark, fuelled by a bout of last-minute buying after the US government agreed on a massive stimulus package to mitigate the impact of the coronavirus pandemic.

The S&P/ASX 200 index unofficially ended the session about 3.2% higher but clocked a gain of over 2% in the 10 mins after market close, during which time brokers finalise trades and can change or cancel their orders.

News on the deal came in around that time, helping the index finish 5.5% higher at 4,998.10 pts, its biggest percentage gain in more than a week.

China stocks hit a 1-wk high Wednesday on hopes that the US Congress would pump trillions of dollars to support the world’s largest economy during the coronavirus pandemic.

Also helping sentiment, Mainland China reported a drop in new confirmed coronavirus cases Wednesday as imported infections fell and no locally transmitted infections were reported.

At the midday break, the Shanghai Composite index was up 1.6% at 2,765.12 points, having reached its highest mark since 18 March in morning trade. The blue-chip CSI300 index was higher by 2% and also hit its 1-week high.

Japan’s benchmark Nikkei jumped more than 5% Wednesday to a 2-wk high, tracking Wall Street’s big rebound on hopes US lawmakers will soon approve a massive stimulus package to fight the economic fallout from the coronavirus pandemic.

The Nikkei average climbed 5.7% to 19,129.21 by the midday break, its highest mark since 12 March.

Indian shares fell in choppy trading Wednesday, a day after the country’s Prime Minister Narendra Modi ordered a 21-day nationwide lockdown to contain the rapid spread of the coronavirus.

The Indian finance minister said on Tuesday the government would soon announce a fiscal package to help the economy face the hit from the virus outbreak.

Both the NSE Nifty 50 index and the S&P BSE Sensex rose over a percent in early trade before giving up gains. The Nifty was last down 0.96% at 7,731.40 by 0420 GMT, while the Sensex was down 0.91% at 26,418.58

ASIA/PACIFIC INDICES

Data as of 25 March 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:52am EDT125.09+8.19+7.01%
.TRXFLDHKPThomson Reuters Equity HK Index2:52am EDT258.36+9.18+3.68%
.TRXFLDINPThomson Reuters Equity India Index2:52am EDT903.63+13.12+1.47%
.N225Nikkei Stock Average 2252:15am EDT19,546.63+1,454.28+8.04%
.HSIHang Seng Index3:08am EDT23,428.05+764.56+3.37%
.AORDASX All Ordinaries Index2:24am EDT5,006.20+252.90+5.32%
.KS11KOSPI Index2:33am EDT1,704.76+94.79+5.89%
.SETISET Composite Index1:29am EDT1,075.12+41.28+3.99%
.JKSEJakarta Composite24 Mar 20203,937.63-51.88-1.30%
.PSIPSE Composite Index12:50am EDT5,027.76+253.49+5.31%
.SSECShanghai Composite Index3:00am EDT2,781.59+59.15+2.17%
.BSESNS&P BSE Sensex3:08am EDT27,392.83+718.80+2.69%
.FTFBMKLCIFTSE Bursa Malaysia KLCI24 Mar 20201,327.85+36.71+2.84%
.HNX30HNX 30 Index23 Mar 2020174.98+0.17+0.10%

Have a healthy day, Stay home!

AsiaAustraliamarketsstocksWall Streetworld , US, Congress, stimulus, Japan, China, coronavirus,

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