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MoneyWorks4Me

Asian markets end mostly lower on Wednesday

20 Apr 2016 Evaluate

Asian equity markets ended mostly lower on Wednesday after oil prices declined in response to news a three-day strike by oil workers in Kuwait had been wound up. Shanghai stocks has their worst performance in eight weeks on Wednesday, tumbling more than 2 percent and breaching a key technical support level as investors who are increasingly worried about the economy took profits from a long rally. Japanese shares pared early gains to end slightly firmer, as oil prices retreated in Asian deals and the yen strengthened in the wake of encouraging trade balance data and comments from BOJ Governor Haruhiko Kuroda that there is scope for pushing the interest on excess cash parked by banks further into negative territory.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,972.58 -70.24-2.31
Hang Seng21,236.31 -199.90-0.93
Jakarta Composite4,876.60 -5.33-0.11
KLSE Composite1,708.91 -2.24-0.13
Nikkei 22516,906.54 32.100.19
Straits Times2,949.95 -1.86-0.06
KOSPI Composite2,005.83 -5.53-0.27
Taiwan Weighted8,514.48 -119.241.38