Asian markets closed mixed on Friday, ahead of Greece’s referendum which prompted investors to cut risky bets. Chinese stocks extended their plunge on back of news that securities regulators are investigating suspected market manipulation. Indonesia’s central bank governor stated that he is not worried the government’s fiscal deficit this year might reach 2.23 percent of gross domestic product, significantly higher than in the budget. He added that the government will not issue additional bonds but will use foreign loans to cover any increase in the deficit. Malaysia’s May exports fell a less-than-expected 6.7 percent from a year earlier, helped by exports to China. Exports, however, shrank for a second straight month due to weak demand for liquefied natural gas, manufactured exports and lower commodity prices. Annual imports continued to decline in May on the back of weaker domestic demand, after a Goods and Services Tax (GST) got implemented on April 1. May’s trade surplus narrowed to 5.51 billion ringgit ($1.5 billion) following a 6.89 billion ringgit surplus the previous month. Japan’s Monetary Base fell to 34.2%, from 35.6% in the preceding month.
Asian Indices Last Trade Change in Points Change in % Shanghai Composite 3,686.92 -225.85 -5.77 Hang Seng 26,064.11 -218.21 -0.83 Jakarta Composite 4,982.91 38.13 0.77 KLSE Composite 1,734.24 0.36 0.02 Nikkei 225 20,539.79 17.29 0.08 Straits Times 3,342.73 14.89 0.45 KOSPI Composite 2,104.41 -2.92 -0.14 Taiwan Weighted 9,358.23 -21.01 -0.22
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