Most of the Asian indices closed in red on Friday and erased most of week’s gains due to fall in sales of US homes indicating that the economy is weakening. Financial markets started falling after Moody’s cut the credit rating of global banks such as Credit Suisse Group AG, Morgan Stanley Inc, Bank of America Merrill Lynch Inc, Goldman Sachs Group Inc, Citigroup Inc with 11 other banks.
Shanghai Composite remain closed today due to the Dragon boat festival.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | -- | -- | -- |
Hang Seng | 18995.13 | 269.94 | -1.40 |
Jakarta Composite | 3,889.52 | -12.27 | -0.31 |
KLSE Composite | 1,603.07 | 1.64 | 0.10 |
Nikkei 225 | 8,798.35 | -25.72 | -0.29 |
Straits Times | 2,826.12 | -26.51 | -0.93 |
KOSPI Composite | 1,847.39 | -41.76 | -2.21 |
Taiwan Weighted | 7,222.05 | -57.00 | -0.78 |