China shares fell Wednesday as cautious investors held back ahead of the country’s annual political meetings where policymakers will discuss measures to boost the economy.
At the midday break, the Shanghai Composite index was down 0.45% to 2,885.54.
China’s blue-chip CSI300 index was down 0.49%, with its financial sector sub-index lower by 0.37%, the consumer staples sector down 0.46%, the Real Estate index down 1.17% and the healthcare sub-index down 0.68%.
Chinese H-shares listed in Hong Kong rose 0.1% to 9,893.25, while the Hang Seng Index was down 0.1% at 24,364.49.
The smaller Shenzhen index was down 0.65% and the start-up board ChiNext Composite index was weaker by 0.51%.
Japanese shares gained Wednesday, buoyed by hopes that the government would allow economic activity to resume in response to a decline in new coronavirus infections.
The Nikkei index climbed 0.91% to 20,619.80 at 0153 GMT, approaching a two-and-a-half month high, with shares in the healthcare and technology sectors leading the advance.
Sentiment also got a boost after the Bank of Japan said it would hold an emergency meeting on Friday to decide the details of a loan programme for small firms.
There were 130 advancers and 90 decliners on the Nikkei index on Wednesday
The broader TOPIX index rose 0.48% at 1,493.13.
SKorean shares reversed earlier losses to rise Wednesday as the government rolled out more measures to stabilise corporate debt markets hammered by the coronavirus pandemic.
The Korean won weakened, while the benchmark bond yield fell.
The Seoul stock market’s main KOSPI rose 6.70 pts, or 0.34%, to 1,987.31 as of 0224 GMT.
Australian shares fell Wednesday, weighed down by escalating tensions with its top trading partner China over a global probe into the origin of the novel coronavirus, while Wall Street’s overnight losses also dented sentiment.
The S&P/ASX 200 index lost 0.6% to 5,526.7 by 0054 GMT. It had closed at a 2-month high Tuesday.
In New Zealand, the benchmark S&P/NZX 50 index eased 0.6% to 10,728.55.
Asian markets may retreat Wednesday after a setback in vaccine optimism with investors refocusing on the downbeat economic outlook induced by COVID-19, economists at ING said in a note.
Leading losses in Southeast Asia, Singapore’s Straits Times Index snapped 3 sessions of gainers and fell 1%, with industrial stocks weighing the most, even as the city-state looks to restart its economy with a phased easing of restrictions.
Singapore Airlines and conglomerate Jardine Matheson Holdings shed as much as 3.2% and 2.7%, respectively.
In Indonesia, the benchmark edged lower as capital Jakarta extended coronavirus-related curbs until 4 June. The index is set to snap 2 straight sessions of gainers.
Malaysian shares ticked lower after gaining for 5 straight sessions, ahead of April inflation data.
Thai stocks inched 0.5% higher, ahead of the country’s central bank’s meeting. The Bank of Thailand is widely expected to cut interest rates by another 25 basis points, bringing the policy rate down to 0.5%.
Vietnam shares found solace in a potential free trade agreement with the European Union (EU), and edged higher.
Data as of 20 May 2020. All quotes delayed at least 15 mins.
|.TRXFLDJPP||Thomson Reuters Equity Japan Index||2:25am EDT||131.07||+0.76||+0.58%|
|.TRXFLDHKP||Thomson Reuters Equity HK Index||2:25am EDT||281.85||+0.37||+0.13%|
|.TRXFLDINP||Thomson Reuters Equity India Index||2:25am EDT||1,022.92||+6.84||+0.67%|
|.N225||Nikkei Stock Average 225||2:15am EDT||20,595.15||+161.70||+0.79%|
|.HSI||Hang Seng Index||2:41am EDT||24,362.44||-25.69||-0.11%|
|.AORD||ASX All Ordinaries Index||2:17am EDT||5,680.10||+21.30||+0.38%|
|.KS11||KOSPI Index||2:30am EDT||1,989.64||+9.03||+0.46%|
|.SETI||SET Composite Index||1:29am EDT||1,314.12||+4.17||+0.32%|
|.JKSE||Jakarta Composite||2:56am EDT||4,540.29||-8.36||-0.18%|
|.PSI||PSE Composite Index||12:50am EDT||5,581.96||+26.11||+0.47%|
|.SSEC||Shanghai Composite Index||2:40am EDT||2,879.94||-18.63||-0.64%|
|.BSESN||S&P BSE Sensex||2:40am EDT||30,397.46||+201.29||+0.67%|
|.FTFBMKLCI||FTSE Bursa Malaysia KLCI||2:40am EDT||1,424.54||+0.57||+0.04%|
|.HNX30||HNX 30 Index||18 May 2020||212.62||+0.21||+0.10%|
Have a healthy day, Keep the Faith!