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Asian markets end mostly higher on Thursday

07 Apr 2016 Evaluate

Asian equity markets ended mostly higher on Thursday on surge in oil prices and easing concerns about an April US interest rate increase following cautious comments by policy makers in the US Federal Reserve minutes. Japanese stocks edged up, snapping a seven-day losing streak as buying in defensive stocks offset weakness in exporters which lost ground on the yen's strength. The yen held at an 18-month high against the dollar after the Fed's March meeting minutes confirmed the dovish bias of US policymakers. However, China stocks ended lower as investors awaited a slew of Chinese economic data and stayed cautious on signs of increasing default risks in the country's corporate bond market.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,008.42 -42.17-1.38
Hang Seng20,266.05 59.380.29
Jakarta Composite4,867.29 -0.94-0.02
KLSE Composite1,724.29 7.280.42
Nikkei 22515,749.84 34.480.22
Straits Times2,813.59 2.340.08
KOSPI Composite1,973.89 2.570.13
Taiwan Weighted8,490.25 -23.05-0.27

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