Asian equity markets ended mixed on Thursday after the latest Federal Reserve minutes showed that prospects of an interest rate hike have diminished. Minutes from the Federal Reserve's June board meeting suggested that board members last month were increasingly worried about the outlook for the US economy and the possible consequences of Britain's vote on EU membership. Comments from Fed Governor Daniel Tarullo on inflation and unemployment also reinforced expectations the Fed will not hike rates this year. A stronger than expected US ISM Services figure helped outweigh lingering uncertainty over the impact of last month's Brexit vote. US service-sector activity picked up in June, the Institute for Supply Management revealed in a report released on Wednesday, signaling Friday's nonfarm payrolls report for June could reveal a strong rebound in job growth after anemic showings in April and May. Japanese shares fell for the third straight session as renewed strength in the yen kept investors nervous. Chinese shares erased early losses to end on a flat note, as concerns about further yuan weakness and instability in Europe after Brexit offset expectations of more stimulus measures to support the economy. Markets in Malaysia and Indonesia were closed for Eid-ul-Fitr.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,016.85 | -0.45 | -0.01 |
Hang Seng | 20,706.92 | 211.63 | 1.03 |
Jakarta Composite | - | - | - |
KLSE Composite | - | - | - |
Nikkei 225 | 15,276.24 | -102.75 | -0.67 |
Straits Times | 2,862.17 | -2.50 | -0.09 |
KOSPI Composite | 1,974.08 | 20.96 | 1.07 |
Taiwan Weighted | 8,640.91 | 65.16 | 0.76 |
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