Asian markets end mostly lower on Friday

24 Feb 2017 Evaluate

Asian equity markets ended mostly lower on Friday as weaker commodity prices weighed on resource stocks and as reports suggested that US President Donald Trump may not take action on his proposed $550 billion infrastructure promise until 2018. Some investors are staying on the sidelines as a lack of clarity over US economic policies under President Donald Trump and political uncertainty in Europe weighed on sentiment. Japanese shares ended lower as the yen's strength hurt exporters. Meanwhile, Chinese shares reversed early losses to end on a flat note on hopes that regulators will press ahead with reforms this year to fend off systematic risks in the financial system. The Yuan was little changed after US Treasury Secretary Steven Mnuchin signaled no urgency to brand China as a currency manipulator.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,253.43	2.06	0.06
Hang Seng	23,965.70	-149.16	-0.62
Jakarta Composite	5,385.91	13.16	0.24
KLSE Composite	1,698.35	-6.13	-0.36
Nikkei 225	19,283.54	-87.92	-0.45
Straits Times	3,117.03	-20.54	-0.65
KOSPI Composite	2,094.12	-13.51	-0.64
Taiwan Weighted	9,750.47	-18.84	-0.19

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