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Asian markets end mostly in red on Tuesday

05 Dec 2017 Evaluate

Asian equity markets ended mostly in red on Tuesday after oil prices fell over 1 percent overnight and Brexit talks did not yield a breakthrough on the withdrawal issues. Encouraging services sector data from China helped to limit regional losses to some extent. Chinese shares ended lower even as survey results from IHS Markit revealed the country's private sector growth momentum improved marginally in November. The Caixin composite output index rose to 51.6 from October's 16-month low of 51.0, suggesting the economy has maintained stability and there was no imminent risk of a significant decline in its growth rate. The pace of manufacturing growth picked up from October's four-month low, while services activity grew the most in three months. China's official nonmanufacturing PMI also rose to 54.8 in November from 54.3 in October. Further, Japanese shares ended lower as tech stocks succumbed to heavy selling pressure hit by a tech sell-off on Wall Street overnight.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,303.68

-5.94

-0.18

Hang Seng

28,842.80

-295.48

-1.01

Jakarta Composite

6,000.47

2.28

0.04

KLSE Composite

1,724.84

11.71

0.68

Nikkei 225

22,622.38

-84.78

-0.37

Straits Times

3,438.06

-0.41

-0.01

KOSPI Composite

2,510.12

8.45

0.34

Taiwan Weighted

10,566.85

-84.26

-0.79

 

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