Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #AsiaPacific

Australian shares started the financial year on a positive note

The S&P/ASX 200 index was up 0.6% at 5,934.40 at the close of trade, helped by a burst of late-buying after the Bell. The benchmark ended 1.4% firmer Tuesday after a senior central bank official said the economy would need “considerable” support for some time.

New Zealand’s benchmark S&P/NZX 50 index ended lower for the 1st time in 4 sessions. The index was down 0.9% to 11,350.27

China’s benchmark index closed at its highest mark in 4 months Wednesday, as the central bank’s move on rate cuts and the country’s improved June factory data continued to fuel hopes for a quicker economic recovery.

At the close, the Shanghai Composite index was up 1.38% at 3,025.98. The blue-chip CSI300 index was up 2.01%, with its financial sector sub-index higher by 2.66%, the consumer staples sector was up 3.36%, the Real Estate index up 7.04% and the healthcare sub-index down 1.18%.

The smaller Shenzhen index ended up 0.79% and the start-up board ChiNext Composite index was weaker by 0.762%

 Japanese shares inched lower Wednesday as investor sentiment soured after the Bank of Japan’s Quarterly corporate survey showed the domestic business mood worsened to an 11-yr low because of the C-19 coronavirus chaos.

The benchmark Nikkei average fell 0.19% to 22,246.20 by the mid-day break. The broader Topix dipped 0.45% to 1,551.80 by the recess.

Asia-Pacific Indexes

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

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:45am EDT135.07-1.73-1.26%
.TRXFLDHKPThomson Reuters Equity HK Index4:59am EDT292.16+0.00+0.00%
.TRXFLDINPThomson Reuters Equity India Index5:36am EDT1,194.26+11.81+1.00%
.N225Nikkei Stock Average 2252:15am EDT22,121.73-166.41-0.75%
.HSIHang Seng Index30 Jun 202024,427.19+125.91+0.52%
.AORDASX All Ordinaries Index3:14am EDT6,041.00+39.70+0.66%
.KS11KOSPI Index5:03am EDT2,106.70-1.63-0.08%
.SETISET Composite Index5:52am EDT1,349.44+10.41+0.78%
.JKSEJakarta Composite4:14am EDT4,914.39+9.00+0.18%
.PSIPSE Composite Index12:50am EDT6,209.71+1.99+0.03%
.SSECShanghai Composite Index3:59am EDT3,025.98+41.31+1.38%
.BSESNS&P BSE Sensex5:52am EDT35,363.30+447.50+1.28%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,514.43+13.46+0.90%
.HNX30HNX 30 Index30 Jun 2020215.16+5.07+2.41%

Have a healthy day, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.