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Asian markets end mostly in red on Thursday

12 Jan 2017 Evaluate

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 4.070.24

Nikkei 225

19,134.70 -229.97-1.19

Straits Times

2,992.30 -8.64-0.29

KOSPI Composite

2,087.14 11.970.58

Taiwan Weighted

9,410.18 64.440.69