All the Asian markets ended day’s trade in negative territory due to low global growth prospect and increasing tension of the Euro zone debt crisis that is spreading across southern Europe. The demand for the US dollar raised against the other major currencies as investor’s rushed to invest their money in the safe heaven. Demand for Commodities increased as oil, grain and corn outperform.
The MSCI across the Asia Pacific fell to 0.6 percent MSCIs broadest index of Asia-Pacific shares outside Japan fell 0.6 percent, while Kospi losing more than 1 percent .Mainland China's Shanghai Composite Index fell as did benchmarks in Singapore and Taiwan.
The only index in green was KLSA Composite which was up to 0.05 per cent at the time of the close.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2224.11 | -36.76 | -1.63 |
Hang Seng | 18897.45 | -97.68 | -0.51 |
Jakarta Composite | 3,857.59 | -31.93 | -0.82 |
KLSE Composite | 1,603.12 | 0.05 | 0.00 |
Nikkei 225 | 8,734.62 | -63.73 | -0.72 |
Straits Times | 2,815.26 | -12.83 | -0.45 |
KOSPI Composite | 1,825.38 | -22.01 | -1.19 |
Taiwan Weighted | 7,166.38 | -55.67 | -0.77 |
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