Home 2020 Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

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China stocks finished flat Wednesday, as worries persisted over the ongoing tensions with the US.

The blue-chip CSI300 index was unchanged at 3,983.65, while the Shanghai Composite Index rose 0.1% to 2,923.37.

Australian shares closed at a near 3-month high Wednesday, boosted by energy and financial stocks, as risk appetite was whetted by prospects of an economic recovery from a C-19 coronavirus chaos-induced recession.

The S&P/ASX 200 rose 1.8% at 5,941.60, gaining for a 3rd straight session. The index is currently on a 5-wk winning streak.

New Zealand may lift all virus-induced curbs next week; the S&P/NZX 50 gained 0.8% at 11,118.27 and hit a 3-month high.

Japan’s stock benchmark Nikkei advanced to a more than 3-month highs Wednesday, as a rapidly weakening Yen and FOMO by investors boosted automakers and other cyclical sectors.

The Nikkei average gained 1.3% at 22,613.76, its highest closing mark since 21 February.

The broader Topix rose 0.7% at 1,599.08, its highest closing since 26 February with all but 5 of the 33 sector sub-indexes on the Tokyo exchange ending up.

Indonesia, Malaysia and the Philippines extended their winning streak for a 6th session running, while Singapore was up for a 3rd straight session.

Shares in Malaysia and Vietnam finished higher, while markets in Thailand were closed for a holiday.

ASIA-PACIFIC INDICES

Data as of 3 Jun 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index2:56am EDT140.42+1.09+0.78%
.TRXFLDHKPThomson Reuters Equity HK Index2:56am EDT283.84+3.51+1.25%
.TRXFLDINPThomson Reuters Equity India Index2:56am EDT1,151.37+16.46+1.45%
.N225Nikkei Stock Average 2252:15am EDT22,613.76+288.15+1.29%
.HSIHang Seng Index3:12am EDT24,267.68+271.74+1.13%
.AORDASX All Ordinaries Index3:10am EDT6,064.90+104.80+1.76%
.KS11KOSPI Index2:33am EDT2,147.00+59.81+2.87%
.SETISET Composite Index2 Jun 20201,374.18+21.81+1.61%
.JKSEJakarta Composite3:27am EDT4,934.85+87.35+1.80%
.PSIPSE Composite Index12:50am EDT6,245.65+220.48+3.66%
.SSECShanghai Composite Index3:05am EDT2,923.37+1.97+0.07%
.BSESNS&P BSE Sensex3:12am EDT34,254.60+429.07+1.27%
.FTFBMKLCIFTSE Bursa Malaysia KLCI3:12am EDT1,528.87+21.18+1.40%
.HNX30HNX 30 Index1 Jun 2020221.55-1.22-0.55%

Have a healthy day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is 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.