Japan’s Nikkei share average rose 0.47% at 19,039.91 while the broader Topix gained 0.59% at 1,411.44, extending the rally into its 3rd day.
Australian shares dropped more than 2% Wednesday, as concerns of a massive economic slump due to the coronavirus pandemic coupled with an outlook downgrade on the local economy and banking sector drove investors away from risky assets.
The S&P/ASX 200 index was down 1.9% at 5,152.5, as of 0035 GMT. Earlier in the session, the index slumped as much as 2.5%.
New Zealand, the benchmark S&P/NZX 50 index fell 0.3% to 9,780.1 after gaining as much as 1% earlier in the session.
NZ-listed shares of Westpac Banking Corp slipped 4.4%, while Fisher & Paykel Healthcare Corp lost 3.4%
Southeast Asian stock markets fell Wednesday after 2 sessions of sharp gains, as the death toll from the new coronavirus continued to climb across the globe even though infections showed signs of a slowdown.
New York state suffered the highest daily loss of life from COVID-19 Tuesday, even as the number of hospitalisations seemed to be levelling off.
Italy, the country with the highest death toll at 17,127, reported a fourth consecutive daily decline in the number of people in intensive care.
Denting sentiment further, the FT reported the EU’s Top scientist resigned after his proposal to set up a programme to battle the pandemic was rejected. “This will probably give pause to markets’ mounting optimism about “peak COVID” premised on new cases in Europe begin to show signs of trending lower,” Mizuho Bank said in a note.
Singaporean stocks slumped as much as 2.5%, with conglomerates Jardine Matheson Holdings Ltd and Jardine Strategic Holdings Ltd shedding 5.9% and 5.5%, respectively.
Indonesian equities slipped up to 2.9%, dragged by financials. PT Bank Central Asia Tbk and PT Bank Mandiri (Persero) Tbk lost 1.7% and 4.8%, respectively.
Thai stocks snapped 3 consecutive sessions of gainers, with energy stocks slipping the most. PTT Pcl and PTT Exploration and Production Pcl gave up more than 3% each.
Vietnamese shares fell after 5 straight sessions of gains, with financials leading the decline.
Philippine shares dropped as much as 2.7%, hurt by losses in big-cap conglomerates such as SM Investments and Ayala Land .
ASIA-PACIFIC INDICES
Data as of 8 April 2020. All quotes delayed at least 15 minutes.
Symb | Index | Time | Last | Chg | Chg % |
---|---|---|---|---|---|
.TRXFLDJPP | Thomson Reuters Equity Japan Index | 2:56am EDT | 124.93 | +1.98 | +1.61% |
.TRXFLDHKP | Thomson Reuters Equity HK Index | 2:56am EDT | 266.69 | -3.22 | -1.19% |
.TRXFLDINP | Thomson Reuters Equity India Index | 2:56am EDT | 1,011.55 | +13.45 | +1.35% |
.N225 | Nikkei Stock Average 225 | 2:15am EDT | 19,353.24 | +403.06 | +2.13% |
.HSI | Hang Seng Index | 3:12am EDT | 23,957.38 | -295.91 | -1.22% |
.AORD | ASX All Ordinaries Index | 2:56am EDT | 5,258.80 | -42.50 | -0.80% |
.KS11 | KOSPI Index | 2:32am EDT | 1,807.14 | -16.46 | -0.90% |
.SETI | SET Composite Index | 1:29am EDT | 1,211.60 | -3.35 | -0.28% |
.JKSE | Jakarta Composite | 3:27am EDT | 4,587.92 | -190.71 | -3.99% |
.PSI | PSE Composite Index | 12:50am EDT | 5,510.83 | -139.18 | -2.46% |
.SSEC | Shanghai Composite Index | 3:00am EDT | 2,815.37 | -5.39 | -0.19% |
.BSESN | S&P BSE Sensex | 3:12am EDT | 30,206.90 | +139.69 | +0.46% |
.FTFBMKLCI | FTSE Bursa Malaysia KLCI | 3:12am EDT | 1,360.37 | -9.55 | -0.70% |
.HNX30 | HNX 30 Index | 6 Apr 2020 | 191.71 | +1.47 | +0.77% |
Have a healthy day, stay home, Keep the Faith!