Asian markets closed mostly in red on Friday, with traders nervously watching events in Europe after Greece tied up a deal to delay its latest debt repayments. A deluge of Chinese data due next week may show some signs of steadying in the world’s second-largest economy thanks to stimulus measures, but the street expects more support to counter headwinds from a property downturn and patchy exports. Indonesia’s foreign exchange reserves were $110.77 billion at the end of May, falling slightly from $110.87 billion at the end of April. Philippine inflation eased to its lowest in nine years due to declines in commodities, giving the central bank scope to cut interest rates as the economy loses momentum due to low government spending and sluggish exports. The consumer price index rose 1.6% in May from a year earlier, the lowest rate since at least 2006 based on comparable data, while prices on a month-on-month basis fell 0.1% compared with April’s 0.2% rise. Japan’s index of leading economic indicators rose to a seasonally adjusted 107.2, from 106.0 in the preceding month. Taiwanese CPI rose to a seasonally adjusted annual rate of -0.73%, from -0.80% in the preceding quarter.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 5,023.09 | 75.99 | 1.54 |
Hang Seng | 27,260.16 | -291.73 | -1.06 |
Jakarta Composite | 5,100.57 | 4.75 | 0.09 |
KLSE Composite | 1,745.33 | 3.85 | 0.22 |
Nikkei 225 | 20,460.90 | -27.29 | -0.13 |
Straits Times | 3,333.67 | -11.33 | -0.34 |
KOSPI Composite | 2,068.10 | -4.76 | -0.23 |
Taiwan Weighted | 9,340.13 | -8.50 | -0.09 |
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