Sentiments in the Asian region remained bearish and most of the Asian equity indices snapped the day’s trade in negative terrain on last trading day of the week amid fears that Greece may leave the euro zone. The sentiments too got hampered after European leaders failed to find an agreement on how to fix the financial crisis at their recent summit on Thursday. On the regional turf, slowing Chinese economic growth too dampened the regional sentiments. Chinese Shanghai Composite ended lower by 0.74% after the nation’s economic growth dipped about three-year low of 8.1% in the first quarter and factory output in April grew at its slowest pace since the 2008 crisis, increasing the threat of job losses and possible political tensions.
Meanwhile, Taiwan Weighted dropped 0.75% to a nearly five-month closing low on Friday as caution remained over risky assets due the euro-zone’s troubles while, Nikkei 225 edged lower after the country’s consumer prices rose 0.2 percent year on year in April, the third straight month that inflation has moved upward due mainly to higher electricity and petrol prices. However, Kospi edged higher by over half a percent, but gains were capped as investors remained cautious over euro-zone worries.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,333.55 | -17.42 | -0.74 |
Hang Seng | 18,713.41 | 47.01 | 0.25 |
Jakarta Composite | 3,902.51 | -82.36 | -2.07 |
KLSE Composite | 1,551.12 | 2.86 | 0.19 |
Nikkei 225 | 8,580.39 | -17.01 | -0.20 |
Straits Times | 2,772.75 | -6.78 | -0.24 |
KOSPI Composite | 1,824.17 | 9.70 | 0.53 |
Taiwan Weighted | 7,071.63 | -53.26 | -0.75 |
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