After witnessing a sluggish trade in the morning trade, most of the Asian counters rebounded on the back of bargain hunting amid positive opening in European counters. Hong Kong shares gained in choppy trade, bouncing off the day’s lows helped by major Chinese banks after the Shanghai-listed Bank of Beijing's quarterly earnings came in better than expected. Banks also helped the mainland Chinese markets end flat after a topsy turvy session.
Meanwhile, Tokyo shares closed 0.78 percent lower following overnight losses on Wall Street stoked by political and economic uncertainty in Europe. However, Taiwan stocks ended up 0.24 percent, reversing initial losses and outperforming regional peers, as Apple plays such as Hon Hai Precision Industry and Catcher Technology advanced ahead of the California-based company’s second fiscal quarter earnings.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,388.83 | 0.25 | 0.01 |
Hang Seng | 20,677.16 | 52.77 | 0.26 |
Jakarta Composite | 4,170.35 | 14.86 | 0.36 |
KLSE Composite | 1,582.28 | -1.52 | -0.10 |
Nikkei 225 | 9,468.04 | -74.13 | -0.78 |
Straits Times | 2,974.37 | 12.02 | 0.41 |
Seoul Composite | 1,963.42 | -9.21 | -0.47 |
Taiwan Weighted | 7,498.84 | 17.75 | 0.24 |