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Asian markets end in red on Wednesday

17 May 2017 Evaluate

Asian equity markets ended in red on Wednesday as oil prices fell on data showing rising US crude inventories and safe-haven assets such as the yen and gold inched higher on renewed worries about political situation in the US. The US political turmoil intensified after it emerged that President Donald Trump has tried to quash a Federal Bureau of Investigation probe against his former National Security Advisor James Flynn. Also, Trump took to Twitter to defend his sharing of what is reportedly highly classified information with Russia during an Oval Office meeting last week, saying he had the ‘absolute right’ as president to give 'facts pertaining to terrorism and airline flight safety' in the fight against ISIS and terrorism. Japanese shares ended lower as the dollar eased against the yen on weak US economic data, while financial stocks underperformed hit by lower US yields. Domestic economic reports also painted a mixed picture of the economy, with core machinery orders falling short of expectations in March, while industrial output declined less than initially estimated in the month. Further, Chinese shares snapped a four-day winning streak as concerns over regulatory crackdown lingered.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,104.44

-8.52

-0.27

Hang Seng

25,293.63

-42.31

-0.17

Jakarta Composite

5,615.49

-31.51

-0.56

KLSE Composite

1,775.65

-2.50

-0.14

Nikkei 225

19,814.88

-104.94

-0.53

Straits Times

3,224.10

-3.61

-0.11

KOSPI Composite

2,293.08

-2.25

-0.10

Taiwan Weighted

10,013.67

-17.82

-0.18

 

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