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Asian markets end mostly in green; Shanghai hit fresh seven-year highs

16 Apr 2015 Evaluate

The Asian markets made mostly a positive close on Thursday following global upmove in equities. A surge in crude oil supported commodity stocks leading to rally in the equity markets. Traders also took comfort with Australia reporting that 37,700 jobs were added month-on-month in March, more than double the 15,000 expected. Chinese market surged over two and half a percent to hit fresh seven-year highs, after a report that foreign direct investment (FDI) in China rose 2.2 percent on the year in March, while outbound flows posted a milder rise, as foreign corporate investors remain undeterred by weakening domestic economic performance. Foreign direct investment into China rose 11.3 percent year-on-year to $34.88 billion in the first quarter. Outbound investment for the first three months of the year combined rose 29.6 percent from the same period in 2014 to $25.79. While, Chinese and Hong Kong shares continued their upward momentum, Japanese shares ended on a flat note with a positive bias.

     Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

4,194.82

110.66

2.71

Hang Seng

27,739.71

120.89

0.44

Jakarta Composite

5,420.73

6.19

0.11

KLSE Composite

1,847.94

7.81

0.42

Nikkei 225

19,885.77

16.01

0.08

Straits Times

3,531.61

-8.34

-0.24

KOSPI Composite

2,139.90

19.94

0.94

Taiwan Weighted

9,656.87

116.81

1.22

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