Asian equity markets ended mostly in red on Friday as soaring US bond yields on expectations of higher inflation and interest rates in the US stoked worries about capital outflows from the region. Meanwhile, Japanese shares ended a tad firmer as the dollar continued to rise against the yen after President-elect Donald Trump promised tax reform and large fiscal spending to stimulate the world's largest economy. Chinese shares rose to a fresh 10-month high after news that the long-awaited Shenzhen-Hong Kong Stock Connect will be officially launched on November 21. China's yuan weakened for a second straight day to hit a fresh six-year low against the dollar, tracking a broad rally in the greenback as investors braced for further uncertainty over coming weeks.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,196.04 | 24.76 | 0.78 |
Hang Seng | 22,531.09 | -308.02 | -1.35 |
Jakarta Composite | 5,231.97 | -218.33 | -4.01 |
KLSE Composite | 1,634.19 | -18.55 | -1.12 |
Nikkei 225 | 17,374.79 | 30.37 | 0.18 |
Straits Times | 2,814.60 | -19.49 | -0.69 |
KOSPI Composite | 1,984.43 | -18.17 | -0.91 |
Taiwan Weighted | 8,957.76 | -194.42 | -2.12 |