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Asian markets close mostly in red on Thursday

06 Aug 2015 Evaluate

Asian markets, barring Nikkei 225 and Straits Timesclosed, in red on Thursday. Indonesian Central Bureau of Statistics highlighted that the economy will find it hard to meet the Indonesian government’s expectations for 5.2 percent growth this year. Earlier, the statistics bureau (BPS) reported that Southeast Asia’s largest economy expanded 4.67 percent in April-June from a year ago. South Korea’s president called for major surgery on the economy, which faces slowing growth and increasing challenges as she approaches the half-way point of her single five-year term. Park Geun-hye, whose popularity has dipped below 40 percent, has fallen short on pledges to breathe fresh momentum into Asia’s fourth-largest economy and seen her push for labor market reforms and job creation sputter. South Korea’s economy recorded its weakest growth in six years in the second quarter, battered by a deadly outbreak of Middle East Respiratory Syndrome (MERS) and poor exports, prompting the government to scramble to put together a stimulus package with a supplementary budget. Thai consumer confidence fell to a 14-month low in July, dented by slow economic growth, contracting exports and low commodity prices. The consumer confidence index of the University of the Thai Chamber of Commerce dropped to 73.4 in July from 74.4 in June, its seventh consecutive monthly decline. The reading was the lowest since May 2014, when the army seized power to end political unrest. Japan’s index of leading economic indicators rose to a seasonally adjusted 107.2, from 106.2 in the preceding month.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

3,661.54

-33.03

-0.89

Hang Seng

24,375.28

-138.88

-0.57

Jakarta Composite

4,806.56

-43.97

-0.91

KLSE Composite

1,694.64

-30.92

-1.79

Nikkei 225

20,664.44

50.38

0.24

Straits Times

3,196.66

5.27

0.17

KOSPI Composite

2,013.29

-16.47

-0.81

Taiwan Weighted

8,449.56

-92.71

-1.09

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