Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

#AsiaPacific #world #stock #makets #China #Japan #Australia

China stocks closed lower Wednesday, dragged down by concerns about tighter regulation over big tech companies weighed on sentiment.

At the close, the Shanghai Composite index was down 0.53% to 3,342.20. The blue-chip CSI300 index was down 0.99%, with its new energy vehicle sector sub-index down 3.56%, tech sub-index lower by 3.1% and the healthcare sub-index down 2.45%. The Real Estate index was up 1.38% and the bank sector sub-index added 0.7%.

The smaller Shenzhen index ended down 1.93% and the start-up board ChiNext Composite index was weaker by 3.306%.

 Japan’s Nikkei rose to close at a fresh 29-yr high Wednesday, as investors remained hopeful of a swift global economic recovery from the COVID-19 chaos on vaccine-related developments.

The benchmark Nikkei share average closed 1.78% higher at 25,349.60, marking its highest closing mark since June 1991.

The index also extended gains to a 7th session running, its longest rally since October 2019.

The broader Topix gained 1.66% at 1,723.65, all but 3 of the 33 sector sub-indexes on the Tokyo exchange traded higher.

Australia shares ended higher Wednesday for a 5th session running, powered by financial and energy stocks, as promising news regarding an effective COVID-19 vaccine stoked hopes of a swift global economic recovery.

The Australian benchmark S&P/ASX 200 index .AXJO closed 1.7% firmer at 6449.7.

In New Zealand, the benchmark S&P/NZX 50 index .NZ50 finished up 0.4% at 12665.63.

Asia-Pacific Indexes

Data as of 11 November 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index6:08am EST151.39+2.48+1.67%
.TRXFLDHKPThomson Reuters Equity HK Index4:37am EST319.15-11.00-3.33%
.TRXFLDINPThomson Reuters Equity India Index7:16am EST1,450.72+11.02+0.77%
.N225Nikkei Stock Average 2251:15am EST25,349.60+444.01+1.78%
.HSIHang Seng Index3:08am EST26,226.98-74.50-0.28%
.AORDASX All Ordinaries Index1:28am EST6,651.10+107.10+1.64%
.KS11KOSPI Index4:01am EST2,485.87+33.04+1.35%
.SETISET Composite Index4:54am EST1,345.34+4.10+0.31%
.JKSEJakarta Composite3:14am EST5,509.51+46.77+0.86%
.PSIPSE Composite Index10 Nov 20207,024.26-11.22-0.16%
.SSECShanghai Composite Index2:59am EST3,342.20-17.95-0.53%
.BSESNS&P BSE Sensex7:24am EST43,593.67+316.02+0.73%
.FTFBMKLCIFTSE Bursa Malaysia KLCI10 Nov 20201,570.08-4.99-0.32%
.HNX30HNX 30 Index10 Nov 2020261.16+1.93+0.74%

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.