Recovering from earlier day’s losses Asian shares ended the day on mixed terrain on Thursday on the back of shrink in factory orders in China and absence of concrete actions by European leaders in EUI summit to tackle the risk of Greece leaving the currency block. Chinese output has fell for the 7th month in a row to 48.7 in May against 49.3 in April, because of which China's Shanghai Composite index fell over half percent, extending declines for a second consecutive session. On Wednesday European Union leaders have been advised by senior officials to get ready with the contingency plans in case Greece quits the single currency area. Meanwhile the euro traded near the weakest level since July 2010. The triggers from Greece and Spain remained crucial as some additional hidden debt was found in Spain’s regions books, which could consider on non-core bonds at the onset of trading.
Indonesia's Jakarta Composite index and Singapore's Straits Times have not seen major changes and Malaysia's KLSE Composite was up 0.55%, but the Taiwan Weighed was down by 0.32%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,350.97 | -12.46 | -0.53 |
Hang Seng | 18,709.55 | -76.64 | -0.41 |
Jakarta Composite | 3,984.87 | 3.30 | 0.08 |
KLSE Composite | 1,548.25 | 8.54 | 0.55 |
Nikkei 225 | 8,563.38 | 6.78 | 0.08 |
Straits Times | 2,779.53 | -0.89 | -0.03 |
KOSPI Composite | 1,814.47 | 5.85 | 0.32 |
Taiwan Weighted | 7,124.89 | -22.86 | -0.32 |