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MoneyWorks4Me

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