The Asian markets concluded Thursday’s trade mostly in red, tailing cues from Wall Street where stocks ended weak overnight after the World Bank lowered its global growth forecast. Indonesia’s central bank will review interest rates today whereby Bank Indonesia is expected to keep its benchmark policy rate unchanged in order to maintain economic growth amid growing pressure on its exports. Japan’s currency held gains amid speculation that BOJ will refrain from expanding stimulus at a meeting that started today, after the European Central Bank introduced negative rates last week. Japan’s Core Machinery Orders fell to -9.1% compared to 19.1% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2051.71 | -3.24 | -0.16 |
Hang Seng | 23175.02 | -82.27 | -0.35 |
Jakarta Composite | 4934.41 | -37.54 | -0.76 |
KLSE Composite | 1873.87 | -4.51 | -0.24 |
Nikkei 225 | 14973.53 | -95.95 | -0.64 |
Straits Times | 3293.01 | 2.97 | 0.09 |
KOSPI Composite | 2011.65 | -3.02 | -0.15 |
Taiwan Weighted | 9204.65 | -25.15 | -0.27 |