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Asian markets end mostly in green on Thursday

08 Feb 2018 Evaluate

Asian stocks ended mostly in green on Thursday following the week's sharp losses but traders are struggling to get a firm footing in a volatile February, spooked by heavy selling and warnings of more upheaval to come. Meanwhile, US bond yields crept up towards four-year highs and Brent crude prices hit a 2018 low on worries over surging US output, keeping underlying sentiments cautious. Japanese shares rose sharply on bargain hunting as the yen weakened against the dollar on the back of a return in investors’ risk appetite. Chinese shares ended lower even as a government report showed the country's exports grew at a faster-than-expected pace in January. In dollar terms, exports advanced 11.1 percent year-over-year in January, faster than the 10.7 percent rise economists had forecast. Imports jumped 36.9 percent from a year ago, well above the expected growth of 10.6 percent. Another report from the People's Bank of China revealed that China's foreign exchange reserves grew around $21.5 billion to $3.161 trillion in January, marking the 12th straight month of increase.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,262.05

-47.21

-1.43

Hang Seng

30,451.27

128.07

0.42

Jakarta Composite

6,544.63

9.77

0.15

KLSE Composite

1,839.44

2.76

0.15

Nikkei 225

21,890.86

245.49

1.13

Straits Times

3,415.90

32.13

0.95

KOSPI Composite

2,407.62

11.06

0.46

Taiwan Weighted

10,528.52

-23.02

-0.22

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