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Asian markets recover following a rebound in Chinese stocks

Scott Olson/Getty Images

While they’ve endured another volatile session, rising strongly, then falling, then rallying again, Chinese stocks have closed Monday’s morning session modestly higher.

At the break the benchmark Shanghai Composite index currently sits at 3187.8, an increase of 0.88%.

Elsewhere small cap Chinese stocks are outperforming their larger peers with the CSI 500, Shenzhen Composite and tech-heavy ChiNext indices up by more than 3%. The CSI 300, containing the 300 largest listed firms by market capitalisation in Shanghai and Shenzhen, is higher by 0.31% while the SSE 50, comprising large cap stocks in Shanghai, has fallen by 1.13%.

Having fallen earlier in the session following sharp declines in the US and Europe on Friday, Asian markets are largely mirroring China’s lead.

The Nikkei 225 and KOSPI in South Korea are up by 0.69% and 0.17% respectively while the ASX 200, Hang Seng and Straits Times index in Singapore are down by less than 0.5%.

S&P 500 futures are also moving higher following Friday’s post-payrolls rout, adding 19.5 points or just over 1%.

Reflective of the recovery in stocks, the AUD/USD and USD/JPY are moving higher, leaving the AUD/JPY – a barometer of investor risk sentiment – up by more than 0.5%.

Elsewhere precious metals, along with copper futures, are up modestly while crude oil futures have trimmed their earlier losses to 0.46%.

The full regional scoreboard is found below.

Stocks

  • ASX 200 5014.10 , -26.50 , -0.53%
  • Nikkei 225 17868.87 , 76.71 , 0.43%
  • Shanghai Composite 3187.82 , 27.66 , 0.88%
  • Hang Seng 20850.61 , 10.00 , 0.05%
  • KOSPI 1889.41 , 3.37 , 0.18%
  • Straits Times 2849.36 , -14.45 , -0.50%
  • S&P 500 Futures 1942.00 , 20.25 , 1.05%

Forex

  • USD/JPY 119.4 , 0.41 , 0.34%
  • USD/CNY 6.3661 , 0.0112 , 0.18%
  • AUD/USD 0.6929 , 0.0026 , 0.38%
  • NZD/USD 0.6269 , -0.0008 , -0.13%
  • AUD/JPY 82.75 , 0.48 , 0.58%
  • EUR/USD 1.1146 , 0.0000 , 0.00%
  • GBP/USD 1.5191 , 0.0022 , 0.15%
  • USD INDEX 96.299 , 0.0700 , 0.07%

Commodities

  • Gold $1,122.96 , $0.36 , 0.03%
  • Silver $14.61 , $0.04 , 0.27%
  • WTI Futures $45.82 , -$0.23 , -0.46%
  • Copper Futures $2.332 , $0.01 0.54%
  • Iron Ore Futures ¥385.50 , -¥3.50 , -0.90%

10-Year Bond Yields

  • Australia 2.664%
  • New Zealand 3.315%
  • Japan 0.361%
  • Germany 0.665%
  • UK 1.816%
  • US 2.131%

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