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Asian markets conclude Friday’s trade mostly in red

11 Dec 2015 Evaluate

Asian equity markets ended mostly in red on Friday as plunging crude oil prices and a tumble in China's yuan to almost 4-1/2-year lows added to worries about receding global growth. A supply glut in oil markets and cooling growth in China, the world's biggest commodities consumer, have pressured many asset markets ahead of a widely expected hike to US interest rates by the Federal Reserve next week. Chinese shares ended lower ahead of a spate of economic data scheduled to be released on Saturday, including retail sales, industrial production, and fixed asset investment. Hong Kong shares dropped to a 2-month low, capping a dismal week as investors stayed sidelined on weak China economic data. However, Japanese shares ended higher, buoyed by overnight gains on Wall Street and fresh weakness in the yen.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,434.58 -20.91-0.61
Hang Seng21,464.05-240.56-1.11
Jakarta Composite4,393.52-72.69-1.63
KLSE Composite1,640.14-8.51-0.52
Nikkei 22519,230.48183.930.97
Straits Times2,834.63 -13.83-0.49
KOSPI Composite1,948.62-3.45-0.18
Taiwan Weighted8,115.89 -100.28-1.22