AUS
NZ
UK
CA
USA
IND
Sentiments in the equity markets across the Asia Pacific region were mixed on Monday as investors got mixed cues from different countries.
Morgan Stanley Capital International’s broadest index of Asia-Pacific shares outside Japan traded 1.46% higher.
APAC stocks were mixed despite Wall Street witnessing yet another record rally overnight. The S&P 500 gained 0.82% to a new record closing high of 4,423.15 while the Dow Jones Industrial Average jumped 278.24 points to 35,116.40. The Nasdaq Composite, on the other hand advanced 0.55% to about 14,761.30.
This is how the APAC markets are doing on Wednesday morning:
China/Hong Kong: Sentiments in the region’s largest economy were mixed. On the one hand, the Shanghai Composite Index was trading 0.37% up, while the Shenzhen Component was trading 0.14% down. In China-controlled autonomous region of Hong Kong, the Hang Seng index was rallying with a gain of 1.14%. The Caixin/Markit services Purchasing Managers’ Index (PMI) rose to 54.9 in July, the highest since May and up from 50.3 the previous month. The 50-point mark separates growth from contraction on a monthly basis.
Australia: The Australian markets seem to have recovered from the Reserve Bank of Australia’s (RBA) shocker yesterday. While the markets were discounting for a 20% increase in bond purchases, the RBA decided to truncate it by 20% despite the system being in need of more liquidity. The benchmark index of the country, ASX200, was trading 0.18% lower today.
Japan: The far eastern country was witnessing profit booking at its markets. The benchmark Nikkei 225 slipped 0.10% in early trade while the Topix index shed 0.35%. Japan is seeing a spike in COVID-19 cases even as country is playing host to the ongoing Olympic 2020.
Others: In South Korea, the KOSPI was trading in the green – with gains of 0.69%. The Thai SET index was trading over 1%. On the other hand, Indonesia – the new epicentre of the pandemic – was trading in the red.
