Wednesday’s World Markets: Asia and Oceania

Asian equities recorded their biggest foreign outflow in at least 12 years in March, hit by the coronavirus pandemic and its impact on businesses across the region, with most factories shuttered to contain its spread.

The S&P/ASX 200 index finished 3.6% higher at 5,258.60, recovering from the benchmark’s 2.02% fall Tuesday. The benchmark closed at its highest level since 17 March.

Hong Kong stocks dropped Wednesday, in line with broader Asia, as worries persisted over the economic damage from the global coronavirus outbreak.

At the close of trade, the Hang Seng index was down 517.69 points or 2.19% at 23,085.79. The Hang Seng China Enterprises index fell 1.98% to 9,404.98.

The sub-index of the Hang Seng tracking energy shares dipped 1.9%, while the IT sector dipped 1.07%, the financial sector ended 2.91% lower and the property sector dipped 0.63%.

In Q-1, MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAP00000PUS plunged about 20%, registering the biggest quarterly decline since September 2008.

The index fell 12% in March, the biggest monthly decliner since October 2008.

At the close, the Shanghai Composite index was down 0.57% at 2,734.52.

The blue-chip CSI300 index was down 0.3%, with its financial sector sub-index higher by 0.04%, the consumer staples sector down 0.93%, the real estate index up 1.12% and the healthcare sub-index down 1.51%.

The smaller Shenzhen index ended down 0.35% and the start-up board ChiNext Composite index was weaker by 0.38%.

The benchmark Nikkei average fell 4.5% to a 1-week closing low of 18,065.41. However, overall trading was subdued, with the volume of shares traded on the main board valued at 2.72 trillion yen, its lowest level in a month.

ASIA/PACIFIC INDICES

Data as of 1 April 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:43am EDT118.43-4.65-3.78%
.TRXFLDHKPThomson Reuters Equity HK Index4:14am EDT257.48-4.78-1.82%
.TRXFLDINPThomson Reuters Equity India Index4:15am EDT944.75-32.88-3.36%
.N225Nikkei Stock Average 2252:15am EDT18,065.41-851.60-4.50%
.HSIHang Seng Index4:08am EDT23,085.79-517.69-2.19%
.AORDASX All Ordinaries Index2:38am EDT5,290.70+180.10+3.52%
.KS11KOSPI Index2:33am EDT1,685.46-69.18-3.94%
.SETISET Composite Index4:31am EDT1,108.89-16.97-1.51%
.JKSEJakarta Composite4:14am EDT4,466.04-72.89-1.61%
.PSIPSE Composite Index12:50am EDT5,408.52+87.29+1.64%
.SSECShanghai Composite Index3:59am EDT2,734.52-15.77-0.57%
.BSESNS&P BSE Sensex4:31am EDT28,085.57-1,382.92-4.69%
.FTFBMKLCIFTSE Bursa Malaysia KLCI4:31am EDT1,326.08-24.81-1.84%
.HNX30HNX 30 Index30 Mar 2020167.89-1.03-0.61%

Have a healthy day, stay home!

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