Wednesday’s World Stock Markets: Asia-Pacific

Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific #world #stock #markets #Australia #China #Japan #Thailand

Thai stocks turned positive Wednesday after its central bank held interest rates as expected and predicted Q-2 output would be better than forecast, while warning it was ready to quell gains for the baht.

The bank, which already has rates at a record low of 0.5%, said exports were gradually recovering and expected inflation back on target next year, while saying it does not want the baht to rise “too fast” and has the tools to act.

Thailand’s economy relies heavily on exports, which have fallen sharply, and appreciation of the currency now would make its products more expensive and less competitive globally.

BOT also kept the door open for further easing with its range of monetary tools, if necessary, which sparked talks of the central bank turning to unconventional measures to manage the economy.

China stocks Wednesday ended higher for the 4th session running, as investors clung to hopes of a post-C-19 chaos recovery in the world’s 2nd-largest economy, while the heavyweight services sector continued to expand.

The Shanghai Composite index closed up 0.2% at 3,377.56.

The blue-chip CSI300 index edged up 0.03%, the consumer staples sub-index gained 0.6% and consumer discretionary shares added 0.3%.

The smaller Shenzhen index rose 0.8% and the start-up board ChiNext Composite index gained almost 1%. The tech-focused STAR 50 climbed 1.4%.

Australian shares closed lower Wednesday as investors stayed away from risky bets ahead of the corporate earnings season.

The S&P/ASX 200 index was down 0.6% to 6,001.3 pts at the close of trade.

New Zealand’s benchmark S&P/NZX 50 index ended 0.1% lower to 11,757.7 pts

 Japanese shares retreated from a 1-wk high Wednesday as downbeat earnings reports and a firmer JPY weighed on exporters.

The Nikkei index ended down 0.26% to 22,514.85, the broader Topix fell 0.04% to 1,554.71.

Asia-Pacific Indexes

Data as of 5 August 2020. All quotes delayed at least 15 mins.

SymbIndexTimeLastChgChg %
.TRXFLDJPPThomson Reuters Equity Japan Index3:45am EDT136.33-0.01-0.01%
.TRXFLDHKPThomson Reuters Equity HK Index4:59am EDT316.43+2.64+0.84%
.TRXFLDINPThomson Reuters Equity India Index5:42am EDT1,268.52+1.14+0.09%
.N225Nikkei Stock Average 2252:15am EDT22,514.85-58.81-0.26%
.HSIHang Seng Index4:08am EDT25,102.54+155.91+0.62%
.AORDASX All Ordinaries Index2:57am EDT6,135.90-30.60-0.50%
.KS11KOSPI Index5:01am EDT2,311.86+31.89+1.40%
.SETISET Composite Index5:49am EDT1,337.35+6.54+0.49%
.JKSEJakarta Composite4:14am EDT5,127.05+52.05+1.03%
.PSIPSE Composite Index12:50am EDT5,833.58+58.08+1.01%
.SSECShanghai Composite Index3:00am EDT3,377.56+5.88+0.17%
.BSESNS&P BSE Sensex5:58am EDT37,707.73+19.82+0.05%
.FTFBMKLCIFTSE Bursa Malaysia KLCI5:04am EDT1,568.13-7.81-0.50%
.HNX30HNX 30 Index4 Aug 2020211.38+3.43+1.65%

Have a healthy day, Keep the Faith!

The following two tabs change content below.

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.