• MTS Futures News_PM_20200401

    1 Apr 2020 | SET News

· Asian shares and Wall Street futures fell on Wednesday in the first trading session of the quarter as the coronavirus pandemic and the prospect of a global recession tore through investor confidence.

MSCI’s broadest index of Asia-Pacific shares outside Japan erased gains to trade 0.33% lower. Shares in South Korea, hit hard by the virus, fell 1.34%.

Japanese shares fell 3.48% as a rapid increase in infections in Tokyo fueled speculation the government would place the capital on lockdown.

· Japanese shares plummeted on Wednesday on the first day of the new fiscal year, as investors braced for a potential lockdown of Tokyo, a global recession, and sharp cuts in corporate earnings and dividend payouts due to the coronavirus pandemic.

The benchmark Nikkei average fell 4.5% to a one-week closing low of 18,065.41. However, overall trading was subdued, with the volume of shares traded on the main board valued at 2.72 trillion yen, its lowest level in a month.

Traders said some short-term players sold stock futures in the afternoon, while many other investors were reluctant to buy as they opted to see if and when Japan would declare a national emergency and implement lockdown measures in Tokyo.

· China stocks finished the first session of the second quarter lower on Wednesday, in line with broader Asia, though losses were capped by hopes Beijing would unveil more measures to bolster the economy hit by the coronavirus pandemic.

At the close, the Shanghai Composite index was down 0.57% at 2,734.52.

The blue-chip CSI300 index was down 0.3%, with its financial sector sub-index higher by 0.04%, the consumer staples sector down 0.93%, the real estate index up 1.12% and the healthcare sub-index down 1.51%.

· European markets traded lower Wednesday as global market sentiment continues to take a pummeling amid the coronavirus outbreak

The pan-European Stoxx 600 fell 3.4% in early deals, with banks dropping 5% to lead losses as all sectors and major bourses slid into negative territory.


Reference: Reuters, CNBC 

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