Asian equity markets ended mostly in red on Friday as uncertainty over US tax reform legislation outweighed upbeat data from Japan. Japanese shares ended lower on Friday, with mobile firms extending a sell-off on concerns of increased competition after e-commerce group Rakuten said it aims to become the country’s fourth wireless carrier. Further, Chinese shares fell as investors responded to China’s hike in market interest rates by taking profits in sectors that have had robust gains this year.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,266.14 | -26.30 | -0.80 |
Hang Seng | 28,848.11 | -318.27 | -1.09 |
Jakarta Composite | 6,119.42 | 5.77 | 0.09 |
KLSE Composite | 1,753.07 | -5.93 | -0.34 |
Nikkei 225 | 22,553.22 | -141.23 | -0.62 |
Straits Times | 3,416.94 | -18.84 | -0.55 |
KOSPI Composite | 2,482.07 | 12.59 | 0.51 |
Taiwan Weighted | 10,491.44 | -46.57 | -0.44 |