After a choppy start, most of the Asian counters managed to close in the positive terrain on last trading day of the weak. However, gains remained capped by news that Japan’s factory production fell a worse-than-expected 1.2 percent in February, its first decline in three months, as demand for exports weakened.
Meanwhile, Japan’s Nikkei share average fell for a third straight session on Friday as investors pocketed gains from the strongest first quarter rally in 24 years, while the market waited on key global events next week for direction while, Hong Kong shares ended their best quarter in 2-1/2 years with a whimper on Friday, hit by a slump in local property developers after the arrest of the billionaire owners of Sun Hung Kai Properties on suspected corruption. Seoul managed to end on a flat note after a negative start. South Korea’s industrial production rose at a slower pace in February and the nation’s economy expanded less than the central bank initially estimated in the fourth quarter. Output rose 0.8 percent in February compared with a revised 3.2 percent gain in January.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,262.79 | 10.63 | 0.47 |
Hang Seng | 20,555.58 | -53.81 | -0.26 |
Jakarta Composite | 4,121.55 | 16.38 | 0.40 |
KLSE Composite | 1,596.33 | 10.89 | 0.69 |
Nikkei 225 | 10,083.56 | -31.23 | -0.31 |
Straits Times | 3,010.46 | 16.37 | 0.55 |
Seoul Composite | 2,014.04 | -0.37 | -0.02 |
Taiwan Weighted | 7,933.00 | 60.34 | 0.77 |
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