Asia Pacific share market mostly advanced on Thursday, 17 September
2015, following global rally in equity markets overnight, on calming
fears of the Federal Reserve interest rates hike after sluggish U.S.
inflation data.
The U.S. consumer-price index for August declined 0.1% from July, data showed on Wednesday. Excluding food and energy components, core prices are up 1.8% from a year earlier, raising market speculation that the Fed wouldn't be too worried about the pace of price increases yet.
The U.S. Federal Reserve has started its two-day policy meeting on Wednesday. The US Federal Reserve will decide later today in the global day whether to lift interest rates which have been close to zero for the last seven years. Investors around the world are guessing that the Federal Open Market Committee (FOMC) will signal an initial a measured tightening soon, but hold off a September rate hike.
Among Asian bourses
Australian market extends gain
The Australian share market ended higher for second straight session, following global rally in equity markets overnight, with nine out of ten ASX sectors higher, led by shares of major energy, miners, technology, and big banks. The benchmark S&P/ASX 200 index advanced 47.90 points, or 0.94%, to 5146.80 points. The broader All Ordinaries index ended up 47.60 points, or 0.93%, at 5171.20.
Nikkei rallies on yen depreciation, offshore lead
The Japanese share market finished the session higher, following rally on the offshore markets overnight, brushing off disappointing trade data and Standard & Poor's Japan's long-term credit rating cut. The increment was underpinned on yen depreciation against greenback and calming fears of the Federal Reserve interest rates hike after sluggish U.S. inflation data. Total 30 out of Topix's 33 industry groups ended higher, with Securities & Commodities Futures, Iron & Steel, Information & Communication, Other Financial Business, Electric Appliances, and Mining issues led gainers. The Nikkei Stock Average advanced 260.67 points, or 1.43%, to end at 18432.27 points. The broader Topix index jumped 1.31%, or 19.31 points, to 1491.91 at the close in Tokyo.
China market tumbles after roller-coaster ride
The Mainland China's stock market finished the session steep lower, due to heavy selloff in last half hour of trading, triggered on concern anti-corruption crackdown extends deeper into the financial industry. The Shanghai Composite Index tanked 2.1%, or 66.20 points, to 3086.06 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.48%, or 24.94 points, to 1658.42. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, edged up 0.37%, or 7.05 points, to close at 1933.30.
Hong Kong market sinks in late trade
Hong Kong stock market ended down in volatile trade, on tracking slump in the Mainland A-share market today. The benchmark Hang Seng Index (HSI) opened 206 points higher at 22,172, reclaiming the 22,000 level. But the reversal of Shanghai market in afternoon trade dragged the index down by nearly 200 points. The Hang Seng Index dropped 112.03 points, or 0.51%, at 21854.63 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 59.46 points, or 0.6%, to 9964.17 points. Turnover increased to HK$89.9 billion from HK$83.3 billion on Wednesday.
Elsewhere in the Asia Pacific region: Taiwan's Taiex index rose 1.4% to 8445.50. South Korea's KOPSI rose 0.1% to 1976.49. New Zealand's NZX50 rose 0.5% to 5694.23. Singapore's Straits Times index rose 0.9% at 2895.81. Indonesia's Jakarta Composite index added 1.1% to 4378.38. Malaysia's KLCI rose 2.1% to 1681.54. Indian stock market closed for holiday.
The U.S. consumer-price index for August declined 0.1% from July, data showed on Wednesday. Excluding food and energy components, core prices are up 1.8% from a year earlier, raising market speculation that the Fed wouldn't be too worried about the pace of price increases yet.
The U.S. Federal Reserve has started its two-day policy meeting on Wednesday. The US Federal Reserve will decide later today in the global day whether to lift interest rates which have been close to zero for the last seven years. Investors around the world are guessing that the Federal Open Market Committee (FOMC) will signal an initial a measured tightening soon, but hold off a September rate hike.
Among Asian bourses
Australian market extends gain
The Australian share market ended higher for second straight session, following global rally in equity markets overnight, with nine out of ten ASX sectors higher, led by shares of major energy, miners, technology, and big banks. The benchmark S&P/ASX 200 index advanced 47.90 points, or 0.94%, to 5146.80 points. The broader All Ordinaries index ended up 47.60 points, or 0.93%, at 5171.20.
Nikkei rallies on yen depreciation, offshore lead
The Japanese share market finished the session higher, following rally on the offshore markets overnight, brushing off disappointing trade data and Standard & Poor's Japan's long-term credit rating cut. The increment was underpinned on yen depreciation against greenback and calming fears of the Federal Reserve interest rates hike after sluggish U.S. inflation data. Total 30 out of Topix's 33 industry groups ended higher, with Securities & Commodities Futures, Iron & Steel, Information & Communication, Other Financial Business, Electric Appliances, and Mining issues led gainers. The Nikkei Stock Average advanced 260.67 points, or 1.43%, to end at 18432.27 points. The broader Topix index jumped 1.31%, or 19.31 points, to 1491.91 at the close in Tokyo.
China market tumbles after roller-coaster ride
The Mainland China's stock market finished the session steep lower, due to heavy selloff in last half hour of trading, triggered on concern anti-corruption crackdown extends deeper into the financial industry. The Shanghai Composite Index tanked 2.1%, or 66.20 points, to 3086.06 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.48%, or 24.94 points, to 1658.42. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, edged up 0.37%, or 7.05 points, to close at 1933.30.
Hong Kong market sinks in late trade
Hong Kong stock market ended down in volatile trade, on tracking slump in the Mainland A-share market today. The benchmark Hang Seng Index (HSI) opened 206 points higher at 22,172, reclaiming the 22,000 level. But the reversal of Shanghai market in afternoon trade dragged the index down by nearly 200 points. The Hang Seng Index dropped 112.03 points, or 0.51%, at 21854.63 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, grew 59.46 points, or 0.6%, to 9964.17 points. Turnover increased to HK$89.9 billion from HK$83.3 billion on Wednesday.
Elsewhere in the Asia Pacific region: Taiwan's Taiex index rose 1.4% to 8445.50. South Korea's KOPSI rose 0.1% to 1976.49. New Zealand's NZX50 rose 0.5% to 5694.23. Singapore's Straits Times index rose 0.9% at 2895.81. Indonesia's Jakarta Composite index added 1.1% to 4378.38. Malaysia's KLCI rose 2.1% to 1681.54. Indian stock market closed for holiday.
