Asian equities exhibited sluggish trade throughout the day’s trade and snapped the session mostly in the red on Thursday, amid inflation data in China that failed to meet expectations and fears of a possible recession in Europe. Data released on Thursday showed Chinese inflation eased slightly in December to 4.1 percent, from November’s 4.2 percent. Meanwhile, growth problems in Europe continued to spook investors. Germany reported Wednesday that its economy shrank slightly at the end of last year. And the European Union revised its figures for economic growth in the third quarter to 0.1 percent, its slowest pace in more than two years.
Japanese Nikkei average fell on Thursday in profit-taking ahead of a futures settlement, as market participants fretted over key debt auctions. Moreover, Taiwan stocks ended flat as investors remained sidelined amid a tight race for the island's presidential vote on Saturday. However, South Korea’s Seoul bucked the regional trend to finish up over a percentage point after dropping in five of the last six sessions.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,275.01 | -10.73 | -0.47 |
Hang Seng | 19,095.38 | -56.56 | -0.30 |
Jakarta Composite | 3,909.50 | -0.14 | -0.00 |
Nikkei 225 | 8,385.59 | -62.29 | -0.74 |
Straits Times | 2,743.66 | -3.47 | -0.13 |
Seoul Composite | 1,864.57 | 19.02 | 1.03 |
Taiwan Weighted | 7,186.58 | -1.63 | -0.02 |
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