Asian equity markets ended mostly in red on Thursday, with Japanese shares coming under heavy selling pressure, as the yen continued to surge and shares of drug makers dropped following Trump's comments on drug pricing. Trump brief failed to offer more clarity around his stimulus plans and trade policies at the news conference, disappointing some investors who had hoped for more details on his plans to cut taxes and reduce regulation. Further, Chinese shares ended lower as investors moved to the sidelines ahead of the Lunar New Year holidays starting on Jan 27.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,119.29 | -17.46 | -0.56 |
Hang Seng | 22,829.02 | -106.33 | -0.46 |
Jakarta Composite | 5,292.75 | -8.49 | -0.16 |
KLSE Composite | 1,679.28 | 4.07 | 0.24 |
Nikkei 225 | 19,134.70 | -229.97 | -1.19 |
Straits Times | 2,992.30 | -8.64 | -0.29 |
KOSPI Composite | 2,087.14 | 11.97 | 0.58 |
Taiwan Weighted | 9,410.18 | 64.44 | 0.69 |