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Asian markets close mostly in red on Thursday

05 May 2016 Evaluate

The Asian markets closed mostly in red on Thursday outside of Chinese stock markets, which moved higher despite a report showing a slowdown in the country's services growth. The Caixin services purchasing managers' index came in at 51.8 for April, down from 52.2 in March. While a jump in oil prices on concerns about production cuts in Canada's oil sands region offered some support, gains were tempered ahead of the all-important US jobs report due on Friday that could provide further clues on the state of the economy and help influence Fed's thinking on the timing of a rate hike. Markets in Japan, South Korea and Indonesia were closed Thursday for public holidays.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,997.84 6.570.22
Hang Seng20,449.82 -76.01-0.37
Jakarta Composite---
KLSE Composite1,645.09 -12.49-0.75
Nikkei 225---
Straits Times2,767.81 -5.26 -0.19
KOSPI Composite---
Taiwan Weighted8,167.96 -17.51-0.21

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