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MoneyWorks4Me

Asian markets end mostly lower on Tuesday

08 Mar 2016 Evaluate

Asian markets ended mostly lower on Tuesday as Chinese trade figures rekindled global growth worries and revised Q4 GDP data from Japan underscored the challenges facing Premier Shinzo Abe in restoring growth. Reports showed China's trade performance deteriorated sharply in February, with both exports and imports declining far more than expected last month. Exports fell 25.4 percent from a year earlier in dollar terms and imports dropped 13.8 percent to extend declines for the 16th straight month, suggesting the world's second-largest economy continued to suffer from weak global demand and a slowdown at home. Chinese shares recovered from steep losses as speculation of buying by state-backed funds helped offset plunging exports. Japanese shares ended at its lowest in nearly one week, as a stronger yen kept investors on edge and hit the stocks of exporters.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,901.39 4.050.14
Hang Seng20,011.58 -148.14-0.73
Jakarta Composite4,811.04 -20.53-0.42
KLSE Composite1,687.86 -10.07-0.59
Nikkei 22516,783.15 -128.17-0.76
Straits Times2,778.77 -44.74-1.58
KOSPI Composite1,946.12 -11.75-0.60
Taiwan Weighted8,664.31 4.760.05