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Asian markets end mixed on Thursday

08 Jun 2017 Evaluate

Asian equity markets made a mixed closing on Thursday as investors awaited directional cues from three big upcoming events today and next week's Federal Reserve meeting. The European Central Bank (ECB) will announce its latest interest rate decision later today, with traders on the lookout for any hints of policy changes on rate and stimulus outlook. Polls have opened in the UK with the latest polls predicting a narrow victory for Theresa May's party over the main opposition Labour Party. Former FBI Director James Comey's testimony before the Senate Intelligence Committee also remained in the spotlight after he confirmed media reports that President Donald Trump demanded his loyalty and asked him to drop at least part of the bureau's investigation of former National Security Adviser Mike Flyn. Japanese shares ended lower as the yen edged higher in late Asian deals on a report that the Bank of Japan was re-calibrating its communications to acknowledge it is thinking about how to handle a withdrawal from its monetary stimulus. Meanwhile, Chinese shares ended higher after Chinese exports and imports data topped expectations. Exports advanced 8.7 percent year-on-year in dollar terms in May, faster than the 7.2 percent increase economists had forecast. Imports climbed 14.8 percent, much above expectations for 8.3 percent growth.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,150.33

10.01

0.32

Hang Seng

26,063.06

88.90

0.34

Jakarta Composite

5,702.92

-14.40

-0.25

KLSE Composite

1,785.57

-0.35

-0.02

Nikkei 225

19,909.26

-75.36

-0.38

Straits Times

3,237.05

6.56

0.20

KOSPI Composite

2,363.57

3.43

0.15

Taiwan Weighted

10,225.78

15.79

0.15

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