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Asian markets end lower on Monday

13 Jun 2016 Evaluate

Asian equity markets ended lower on Monday as falling oil prices, disappointing Chinese data and weak cues from offshore markets dampened investor sentiment ahead of the Fed and BOJ meetings and the upcoming Brexit referendum later this month. Speculation is rising over whether Britain will choose to remain in the 28-nation European Union in a June 23 referendum. A poll in London's last week showed that 55 percent of British citizens want to leave the European Union. Meanwhile, the Bank of Japan's rate decision is due on Thursday and it is likely that the central bank will ease its policy mainly by increasing its ETF purchases, against the backdrop of a broadly weak dollar and falling expectations for Fed rate hikes. China and Hong Kong shares ended lower, as mixed data from China overshadowed recent optimism that MSCI could add mainland Chinese stocks to its benchmark Emerging Markets Index. Industrial output in China grew 6.0 percent in May from a year earlier, the National Bureau of Statistics said - matching expectations and unchanged from the previous month. Retail sales grew by a slightly less than expected 10 percent in the month and growth in fixed-asset investment slipped below 10 percent for the first time since 2000 in January-May, painting a mixed picture of the world's second-largest economy. Japanese shares hit five-week lows to extend losses for a third straight day, as Brexit woes lifted the yen to a fresh one-month high against the dollar and a three-year high against the euro.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

2,833.07 -94.09-3.21

Hang Seng

20,512.99 -529.65-2.52

Jakarta Composite

4,807.23 -40.83-0.84

KLSE Composite

1,629.77 -11.45-0.70

Nikkei 225

16,019.18 -582.18-3.51

Straits Times

2,785.43 -37.54-1.33

KOSPI Composite

1,979.06 -38.57-1.91

Taiwan Weighted

8,536.22 -179.26-2.06

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