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Asian markets end mostly in red on Friday

21 Jul 2017 Evaluate

Asian equity markets ended mostly in red on Friday after the European Central Bank dropped no hints at tapering in September and media reports suggested that US special counsel Robert Mueller is expanding the Russia probe to include President Donald Trump's business dealings. Japan's Nikkei share average edged down as investors took profits on steelmakers, offsetting gains in Yaskawa Electric and other machinery makers. Meanwhile, China's stocks fell on Friday but ended the week higher, with demand for blue chips gaining momentum amid a slump in small-cap stocks, as investors sought firms with solid growth prospects and lower valuations. Hong Kong stocks snapped a nine-day winning streak as investors took a breather after the benchmark index scaled a fresh two-year peak in the previous session. Though, Seoul stocks ended up at fresh record highs as foreign investors scooped up financial shares on expectations of solid second-quarter earnings results.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,237.98

-6.88

-0.21

Hang Seng

26,706.09

-34.12

- 0.13

Jakarta Composite

5,765.42

-59.78

-1.03

KLSE Composite

1,759.16

3.53

0.2

Nikkei 225

20,099.75

-44.84

-0.22

Straits Times

3,314.12

20.99

0.64

KOSPI Composite

2,450.06

 8.22

0.34

Taiwan Weighted

10,436.70

-62.66

-0.6

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