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MoneyWorks4Me

Asian markets end mostly in green on Friday

08 Jan 2016 Evaluate

Asian equity markets ended mostly in green on Friday as China's efforts to calm investors showed early signs of success. China's securities regulator suspended the recently implemented circuit breakers, a regulatory tool designed to limit how far stocks can fall after the market shut down for a second time this week. Also helping to restore confidence among investors, the People's Bank of China raised its guidance rate for the yuan for the first time in nine trading days. However, Japanese shares closed lower as China’s decision to maintain the level of its currency for the first time in nine days failed to stop the Nikkei 225 Stock Average posting its worst first week of a year since 1997.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,186.41 61.411.97
Hang Seng20,453.71120.370.59
Jakarta Composite4,546.29 15.840.35
KLSE Composite1,657.612.480.15
Nikkei 22517,697.96-69.38-0.39
Straits Times2,751.23 21.320.78
KOSPI Composite1,917.623.290.70
Taiwan Weighted7,893.97 41.910.53