Mixed opening for APAC markets; Japan, China and Thailand on holidays

Summary

  • APAC Markets witness mixed opening.
  • Japan, China, Thailand markets are closed today on account of respective national holidays.
  • All eyes are on interest rate decision by Australian RBA.
  • Investors continue to closely watch the COVID-19 situation in India.

The Asia-Pacific markets were showing mixed trends on Tuesday, even as three major markets – China, Japan, and Thailand – are closed on account of respective national holidays.

South Korea’s KOSPI was down 14 basis points despite opening in the black.

On the other hand, Australian ASX200 was up 18 bps ahead of the much awaited monetary policy announcement by the Reserve Bank of Australia (RBA). The country would also be announcing its trade numbers for the month of March 2021.

The Dow Jones New Zealand, in the neighbouring country, was up 13 bps.

So far, the PSEi Composite Index of Philippines has been the biggest gainer in APAC region with gains of 42 bps, followed by Jakarta Stock Exchange Composite Index (24 bps).

Meanwhile, investors continue to be mindful of the COVID-19 situation in India – where daily fresh infections have for three consecutive days now. Despite this, the daily numbers coming from India are way higher than the peak daily numbers of the US – the worst-hit country from the global pandemic. Of every two cases reported globally, one is an Indian citizen, as the healthcare system in the country lies in shambles. The equity markets in the country are likely to open in red, as futures of Nifty50 are trading 18 bps down in Singapore.

On the other hand, three major markets in Asia are closed on Tuesday – China on account of Labour Day, Japan owing to Greenery Day and Thailand because of King Vajiralongkorn's Coronation Day.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK