Wednesday’s World Stock Markets: Asia-Pacific

#AsiaPacific#Australia#Japan #China#world#stocks

China stocks posted their biggest 1-day gainer in 3 weeks Wednesday, led by banking and commodity shares, as hopes of domestic economic growth offset fears of tighter monetary policy.

Some traders attributed the market strength to Bullishness ahead of the annual gathering of the National People’s Congress, which begins Friday.

The blue-chip CSI300 index spiked 1.9% at 5,452.21, while the Shanghai Composite Index gained 2% at 3,576.90.

Japanese shares ended higher Wednesday, as investors picked up cyclical stocks on hopes of a quicker economic recovery from the VirusCasedemic-led recession.

The Nikkei average + 0.51% to close at 29,559.10, while the broader TOPIX gained 0.51% at 1,904.54.

Australian shares finished higher Wednesday after a faster-than-expected economic growth in Q-4 of Y 2020 cemented hopes of a stronger recovery this yr.

The S&P/ASX 200 index closed 0.8% higher at 6,818, after data showed the economy accelerated 3.1% in the December Quarter, higher than forecasts for a 2.5% rise.

New Zealand’s benchmark S&P/NZX 50 index gained 0.1% at 12,359.26.

And Thai shares gain 1%, led by tech and consumer stocks

Asia-Pacific Indexes

Data as of 3 March 2021. All quotes delayed at least 15 mins.

Symb

Index

Time

Last

Chg

Chg %

.TRXFLDJPP

Thomson Reuters Equity Japan Index

2:43am EST

166.72

+0.79

+0.48%

.TRXFLDHKP

Thomson Reuters Equity HK Index

3:32am EST

367.02

+8.28

+2.31%

.TRXFLDINP

Thomson Reuters Equity India Index

3:34am EST

1,778.26

+24.08

+1.37%

.N225

Nikkei Stock Average 225

1:15am EST

29,559.10

+150.93

+0.51%

.HSI

Hang Seng Index

3:08am EST

29,880.42

+784.56

+2.70%

.AORD

ASX All Ordinaries Index

12:39am EST

7,067.90

+58.00

+0.83%

.KS11

KOSPI Index

1:30am EST

3,082.99

+39.12

+1.29%

.SETI

SET Composite Index

3:48am EST

1,536.12

+32.76

+2.18%

.JKSE

Jakarta Composite

3:14am EST

6,376.76

+17.55

+0.28%

.PSI

PSE Composite Index

2 Mar 2021

6,942.76

+23.22

+0.34%

.SSEC

Shanghai Composite Index

2:59am EST

3,576.90

+68.31

+1.95%

.BSESN

S&P BSE Sensex

3:50am EST

51,077.41

+780.52

+1.55%

.FTFBMKLCI

FTSE Bursa Malaysia KLCI

2 Mar 2021

1,583.91

+14.04

+0.89%

.HNX30

HNX 30 Index

1 Mar 2021

373.53

-1.72

-0.46%

Have a healthy week, Keep the Faith!