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Asian markets end mixed on Friday

08 Sep 2017 Evaluate

Asian equity markets ended mixed on Friday on worries about the damage from Hurricane Irma in the US, as well as lingering fears about ballistic missile launches and nuclear weapons in North Korea. The US dollar weakened after the European Central Bank chief Mario Draghi indicated that the future of the bank's massive stimulus program may be decided in October. The ECB kept interest rates unchanged and also confirmed that its net asset purchases of 60 billion euros a month would continue until the end of December, or beyond, if necessary. Japanese shares ended lower as investors digested a raft of local economic data, including Japan's second-quarter GDP figures that were revised downwards. In addition, a stronger yen weighed on exporters' shares. Meanwhile, Chinese shares slipped to snap a three-week winning streak, as defensive consumers stepped back from a rally, although there were signs investors are pumping fresh money into a market buoyed by solid economic growth and a resurgent Yuan. August trade data showed China's exports rose 5.5 percent from a year earlier, which were in line with expectations but slower than July, while imports grew 13.3 percent, beating market forecasts.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,365.24-0.25-0.01

Hang Seng

27,668.47145.550.53

Jakarta Composite

5,857.1224.810.43

KLSE Composite

1,779.90-3.08-0.17

Nikkei 225

19,274.82-121.70-0.63

Straits Times

3,228.560.500.02

KOSPI Composite

2,343.72-2.47-0.11

Taiwan Weighted

10,609.9571.440.68

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