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Asian markets end lower on Thursday

09 Jun 2016 Evaluate

Asian equity markets ended lower on Thursday as weak data from both China and Japan added to global growth concerns, despite gains on Wall Street overnight and steadier oil and metal prices. The National Bureau of Statistics said that China's consumer price inflation rose an annual 2.0 percent in May, , coming in below forecasts for a 2.3 percent rise and heading further below the government's target zone. Also, deflationary pressures in China eased further in the month, giving policymakers more room to keep fiscal and monetary policies supportive in coming months. The producer price index declined 2.8 percent in May from a year earlier, compared with a 3.4 percent fall in April. Japanese shares fell, weighed down by a stronger yen and worse than expected machinery orders data. Japan's core machinery orders tumbled 11 percent in April from the previous month, the most in two years, owing to earthquakes that hit the southern manufacturing hub, a government report showed. Markets in China, Hong Kong and Taiwan were closed for the Dragon Boat Festival.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

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Hang Seng

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Jakarta Composite

4,876.79 -39.27-0.80

KLSE Composite

1,650.51 -7.34-0.44

Nikkei 225

16,668.41 -162.51-0.97

Straits Times

2,843.80 -18.58-0.65

KOSPI Composite

2,024.17 -2.91-0.14

Taiwan Weighted

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