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MoneyWorks4Me

Asian markets end lower on Friday

18 Dec 2015 Evaluate

Asian equity markets closed in red on Friday after Wall Street suffered a setback overnight and fresh signs of inventory buildup put further downward pressure on the already low prices. While positive home price data from China spurred some buying interest, the recovery quickly petered out following the Bank of Japan's policy decision. China's home prices rose 0.9 percent in November, up from the previous month's reading of 0.1 percent, signaling further stabilization in the country's housing markets. Japanese shares ended a choppy session lower after the Bank of Japan tweaked its bond-buying program. While keeping its main target for monetary stimulus unchanged at an annual pace of about 80 trillion yen, the Bank of Japan expanded the quantitative easing program to include exchange traded funds (ETFs).

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,578.96 -1.03-0.03
Hang Seng21,755.56-116.50-0.53
Jakarta Composite4,468.65-87.31-1.92
KLSE Composite1,643.90-12.62-0.76
Nikkei 22518,986.80-366.76-1.90
Straits Times2,852.84 -8.34-0.29
KOSPI Composite1,975.32-2.64-0.13
Taiwan Weighted8,257.32 -62.35-0.75