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Asian markets end mixed on Thursday

02 Jun 2016 Evaluate

Asian stocks ended mixed on Thursday as yen strength persisted and oil prices drifted lower ahead of the OPEC and ECB meetings. Investors also awaited ADP payroll data due tonight and the US government's official jobs report due on Friday for further clues on whether the Federal Open Market Committee would raise interest rates at the upcoming meeting on June 14-15. Chinese shares eked out modest gains even as weak factory activity readings brought global growth worries back at center stage. Japanese shares saw their biggest drop in one month as Brexit fears and disappointment over the lack of fresh stimulus plans to boost growth lifted the yen to a two-week high against the dollar. Prime Minister Shinzo Abe disappointed investors by failing to provide details of a fiscal stimulus package when he announced his widely-expected decision to delay the planned sales tax hike for a second time.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,925.23 11.720.40
Hang Seng20,859.22 98.240.47
Jakarta Composite4,833.23 -6.44-0.13
KLSE Composite1,630.53 4.030.25
Nikkei 22516,562.55 -393.18-2.32
Straits Times2,795.09 4.550.16
KOSPI Composite1,985.11 2.390.12
Taiwan Weighted8,556.02 -41.14-0.48
 

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