Asian equity markets ended mostly in green on Friday after US House Republicans voted to approve the tax reform bill, a step forward on President Donald Trump's tax reform plan. The sentiments improved further following the firmer lead on Wall Street in the last session. The dollar weakened against the yen while oil held steady but was on track for its first weekly fall in six on supply worries. Chinese shares ended lower on worries over the health of the world’s second largest economy. Data released on Tuesday showed China’s economy cooled further last month, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution. Further, Japanese shares ended higher, helped by gains in most sectors while chip-related stocks such as Sumco and Tokyo Electron outperformed. Although, the yen's strength limited Japanese shares gains.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,382.91 | -16.34 | -0.48 |
Hang Seng | 29,199.04 | 180.28 | 0.62 |
Jakarta Composite | 6,051.73 | 13.83 | 0.23 |
KLSE Composite | 1,721.66 | 3.55 | 0.21 |
Nikkei 225 | 22,396.80 | 45.68 | 0.20 |
Straits Times | 3,382.38 | 41.08 | 1.23 |
KOSPI Composite | 2,533.99 | -0.80 | -0.03 |
Taiwan Weighted | 10,701.64 | 76.60 | 0.72 |