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Asian markets end mostly in red on Friday

15 Jan 2016 Evaluate

Asian equity markets ended mostly in red on Friday after continued falls in the price of oil and poor Chinese bank lending figures undermined confidence. Chinese shares ended deep in the red after another late afternoon sell-off. While foreign direct investment into China accelerated in 2015, driven by strong expansion in investment into the service sector, new yuan loans extended by Chinese banks fell to 597.8 billion yuan ($90.76 billion) in December from 708.9 billion in November, adding to the gloom surrounding the world's second-largest economy. But, offering some stability to the Chinese market, the People's Bank of China (PBOC) set the yuan mid-point fix at 6.5637, comparatively flat in relation to Thursday's fix of 6.5616. Japanese stocks ended down in choppy trade, giving up early gains as oil prices turned lower in Asian deals and Bank of Japan Governor Haruhiko Kuroda said he isn't considering additional easing at the moment, blaming tumbling global oil prices for the sluggish price trend. Hong Kong shares closed at its lowest level in nearly 3-1/2 years, pounded by tumbling mainland stocks and a drop of the Hong Kong dollar against the US dollar.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,900.97 -106.68 -3.55
Hang Seng19,520.77-296.64-1.50
Jakarta Composite4,523.98 10.790.24
KLSE Composite1,628.55-4.89-0.30
Nikkei 22517,147.11-93.84-0.54
Straits Times2,630.76 -13.81-0.52
KOSPI Composite1,878.87-21.14-1.11
Taiwan Weighted7,762.01 19.130.25

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