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Asian markets end in red on Wednesday

15 Nov 2017 Evaluate

Asian equity markets ended lower on Wednesday as commodities declined on concerns over slowing growth in China and uncertainty prevailed over the fate of a US tax reform bill. Japanese shares ended lower as the yen surged broadly and economic data on industrial output and GDP painted a mixed picture of the economy. While Japan's industrial output declined less than initially estimated in September, GDP grew 0.3 percent sequentially in the third quarter of 2017, shy of expectations for a 0.4 percent gain and down from 0.6 percent in the second quarter, separate reports showed. Further, Chinese shares extended their losses, hurt by resources shares amid signs of a slowdown in industrial production as the nation’s economy enters a period of moderating growth.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,402.52-27.02-0.79

Hang Seng

28,851.69-300.43-1.03

Jakarta Composite

5,972.31-15.98-0.27

KLSE Composite

1,722.99-10.62-0.61

Nikkei 225

22,028.32-351.69-1.57

Straits Times

3,368.70-30.39-0.89

KOSPI Composite

2,518.25-8.39-0.33

Taiwan Weighted

10,630.65-56.53-0.53

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