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MoneyWorks4Me

Asian markets end mostly lower on Friday

08 Apr 2016 Evaluate

Asian equity markets ended mostly lower on Friday after oil prices fell over 1 percent overnight and shares in leading European and US banks fell sharply on earnings worries. China’s shares ended lower as investors awaited a slew of March economic indicators including exports, new lending and inflation due over the next week, with some investors locking in profit from a month-long rebound that reflects expectations for a strong first quarter. However, Japanese markets stood out in a subdued trading session as the yen weakened slightly against the dollar in the wake of comments from Japan's Finance Minister and Fed Chair Janet Yellen. While Japanese Finance Minister Taro Aso warned against rapid yen rise and vowed to take action if necessary, Yellen touted the strength of the world's largest economy while speaking in New York alongside three of her predecessors - Ben Bernanke, Paul Volcker, and Alan Greenspan.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,984.96 -23.46-0.78
Hang Seng20,370.40 104.350.51
Jakarta Composite4,846.70 -20.58-0.42
KLSE Composite1,718.40 -5.89-0.34
Nikkei 22515,821.52 71.680.46
Straits Times2,808.32 -5.27-0.19
KOSPI Composite1,972.05 -1.84-0.09
Taiwan Weighted8,541.50 51.250.60