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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