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Asian markets end mixed on Thursday

10 Mar 2016 Evaluate

Asian equity markets ended mixed on Thursday, as traders digested another round of Chinese data, as well as interest rate decisions from central banks in New Zealand and South Korea. The Reserve Bank of New Zealand delivered a surprise cut in interest rates, citing a weakening global outlook and tepid inflation expectations, the Bank of Korea and Malaysia's central bank left their key interest rates unchanged as expected. Chinese stocks ended lower on fading hopes of imminent stimulus measures as investors interpreted data showing consumer inflation rising faster than forecasted as being largely negative for an economy struggling to find momentum. Japanese stocks rose for the first time in four days after a bounce in oil prices overnight strengthened risk appetite, while exporters benefited from a weaker yen and expectations of further easing from the European Central Bank.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,804.73-57.83-2.02
Hang Seng19,984.42 -11.84-0.06
Jakarta Composite4,793.20 -17.84-0.37
KLSE Composite1,690.91 4.560.27
Nikkei 22516,852.35 210.151.26
Straits Times2,809.12 -1.31-0.05
KOSPI Composite1,969.33 16.380.84
Taiwan Weighted8,660.70 26.590.31

 

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