Asian equity markets ended mostly lower on Friday on growing worries about the European banking system that hit financial shares and as oil prices inched back from near-one month highs on scepticism over OPEC's new plan to curb output. Japanese shares tumbled, tracking negative overnight cues from Wall Street as investors fretted over regional lenders' exposure to Deutsche Bank. On Thursday, Deutsche Bank shares slumped to a record low after a report that trading clients had withdrawn excess cash and positions held in the largest German lender. But the Japanese yen, on the other hand, are set to be the weakest one on BoJ expectations. Meanwhile, Chinese shares ended higher after a private gauge of Chinese factory activity pointed to a modest expansion in September, adding to recent signs of stability.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,004.70 | 6.22 | 0.21 |
Hang Seng | 23,297.15 | -442.32 | -1.86 |
Jakarta Composite | 5,364.80 | -67.15 | -1.24 |
KLSE Composite | 1,652.55 | -17.09 | -1.02 |
Nikkei 225 | 16,449.84 | -243.87 | -1.46 |
Straits Times | 2,869.47 | -16.24 | -0.56 |
KOSPI Composite | 2,043.63 | -25.09 | -1.21 |
Taiwan Weighted | 9,166.85 | -104.05 | -1.12 |