Asia Pacific share market ascended on Thursday, 15 October 2015, as risk
sentiments buoyed up by growing confidence that that the Federal
Reserve will hold off raising interest rates after disappointing U.S.
economic data.
The weaker-than-expected U.S. retail sales and weak producer-price data has severely impacted the likelihood of a U.S. rate hike this year and that has taken as a boon to the region as a whole. Traders are now seeing the bright side of such economic angst that central banks, particularly the Fed, will be in no hurry to increase interest rates from record low levels.
Looking ahead, main focus will be Initial jobless claims and CPI in US data today. Empire Stat manufacturing index and Philly Fed survey will also be featured.
Among regional bourses
Australian market snaps three days falling streak
The Australian share market advanced for the first time in four consecutive sessions, as investors chased for bargain hunting on recently battered stocks, with energy, material and financial blue chip stocks being major gainers on firming prospect for Reserve Bank key rate easing. The benchmark S&P/ASX 200 index added 32.70 points, or 0.63%, to 5230 points, while the broader All Ordinaries index grew 35.20 points, or 0.67%, to 5265.60 points.
Nikkei rises on hopes of further stimulus
The Japanese share market snapped a two-session losing streak, as investors chased for value buying on growing speculation that Japanese authorities will introduce additional stimulus to support the flagging economy. Total 32 out of 33 TSE first-section sector sub-indexes ended up, with Rubber Products, Pharmaceutical, Services, Other Products, Information & Communication, Pulp & Paper, Land Transportation, Wholesale Trade, and Securities & Commodities Futures issues being major gainers. The Nikkei Stock Average advanced 205.90 points, or 1.15%, to end at 18096.90 points, meanwhile the broader Topix index rose 1.35%, or 19.89 points, to 1490.72 at the close.
China market climbs to 8-week high
The Mainland China's stock market soared up to highest level in eight weeks amid growing hopes for further stimulus to support ailing economy, with telecom and technology stocks leading broader rally. The Shanghai Composite Index advanced 2.32%, or 75.63 points, to close at 3338.07 points, the highest level since 21 August 2015. The Shenzhen Composite Index, which tracks stocks on China's second exchange, ascended 3.03%, or 57.13 points, to 1941.28. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, grew 4.32%, or 9.53 points, to close at 2404.53.
Hong Kong market surges 2%
Hong Kong stock market ascended, catching up gains in the Mainland A-share market which rose amid speculation that Chinese policy makers will introduce more measures to boost growth. The Hang Seng Index advanced 448.26 points, or 2%, to 22888.17 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 218.51 points, or 2.11%, to 10552.93 points. Turnover increased to HK$90.8 billion from HK$72.3 billion on Wednesday.
Indian indices snap 3-day losing streak
Gains in stocks of public sector companies, auto shares and index heavyweights ITC and L&T led upmove for key benchmark indices. The barometer index, the S&P BSE Sensex, rose 230.48 points or 0.86% at 27,010.14, as per the provisional closing data. The 50-unit CNX Nifty rose 71.60 points or 0.88% at 8,179.50, as per the provisional closing data. The Sensex provisionally settled above the psychological 27,000 level.
Elsewhere in the Asia Pacific region: Taiwan's Taiex index grew 0.9% to 8601.52. South Korea's KOPSI added 1.2% to 2033.27. New Zealand's NZX50 climbed up 0.9% to 5775.71. Singapore's Straits Times index rose 1.1% at 3015.14. Indonesia's Jakarta Composite index was up 0.5% to 4507.19. Malaysia's KLCI rose 0.1% to 1713.25.
The weaker-than-expected U.S. retail sales and weak producer-price data has severely impacted the likelihood of a U.S. rate hike this year and that has taken as a boon to the region as a whole. Traders are now seeing the bright side of such economic angst that central banks, particularly the Fed, will be in no hurry to increase interest rates from record low levels.
Looking ahead, main focus will be Initial jobless claims and CPI in US data today. Empire Stat manufacturing index and Philly Fed survey will also be featured.
Among regional bourses
Australian market snaps three days falling streak
The Australian share market advanced for the first time in four consecutive sessions, as investors chased for bargain hunting on recently battered stocks, with energy, material and financial blue chip stocks being major gainers on firming prospect for Reserve Bank key rate easing. The benchmark S&P/ASX 200 index added 32.70 points, or 0.63%, to 5230 points, while the broader All Ordinaries index grew 35.20 points, or 0.67%, to 5265.60 points.
Nikkei rises on hopes of further stimulus
The Japanese share market snapped a two-session losing streak, as investors chased for value buying on growing speculation that Japanese authorities will introduce additional stimulus to support the flagging economy. Total 32 out of 33 TSE first-section sector sub-indexes ended up, with Rubber Products, Pharmaceutical, Services, Other Products, Information & Communication, Pulp & Paper, Land Transportation, Wholesale Trade, and Securities & Commodities Futures issues being major gainers. The Nikkei Stock Average advanced 205.90 points, or 1.15%, to end at 18096.90 points, meanwhile the broader Topix index rose 1.35%, or 19.89 points, to 1490.72 at the close.
China market climbs to 8-week high
The Mainland China's stock market soared up to highest level in eight weeks amid growing hopes for further stimulus to support ailing economy, with telecom and technology stocks leading broader rally. The Shanghai Composite Index advanced 2.32%, or 75.63 points, to close at 3338.07 points, the highest level since 21 August 2015. The Shenzhen Composite Index, which tracks stocks on China's second exchange, ascended 3.03%, or 57.13 points, to 1941.28. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, grew 4.32%, or 9.53 points, to close at 2404.53.
Hong Kong market surges 2%
Hong Kong stock market ascended, catching up gains in the Mainland A-share market which rose amid speculation that Chinese policy makers will introduce more measures to boost growth. The Hang Seng Index advanced 448.26 points, or 2%, to 22888.17 points. The Hang Seng China Enterprises Index, benchmark measure of performance of mainland China enterprises, gained 218.51 points, or 2.11%, to 10552.93 points. Turnover increased to HK$90.8 billion from HK$72.3 billion on Wednesday.
Indian indices snap 3-day losing streak
Gains in stocks of public sector companies, auto shares and index heavyweights ITC and L&T led upmove for key benchmark indices. The barometer index, the S&P BSE Sensex, rose 230.48 points or 0.86% at 27,010.14, as per the provisional closing data. The 50-unit CNX Nifty rose 71.60 points or 0.88% at 8,179.50, as per the provisional closing data. The Sensex provisionally settled above the psychological 27,000 level.
Elsewhere in the Asia Pacific region: Taiwan's Taiex index grew 0.9% to 8601.52. South Korea's KOPSI added 1.2% to 2033.27. New Zealand's NZX50 climbed up 0.9% to 5775.71. Singapore's Straits Times index rose 1.1% at 3015.14. Indonesia's Jakarta Composite index was up 0.5% to 4507.19. Malaysia's KLCI rose 0.1% to 1713.25.
