Asian equity markets ended in red on Friday, led by losses in technology stocks amid falling demand for smartphones and a downward revision in revenue target by the world's largest contract chipmaker Taiwan Semiconductor Manufacturing Company. Japanese shares ended lower as worries about slower smartphone demand hit technology shares, while financial stocks rallied thanks to higher US yields. Further, Chinese shares ended down, due largely to heavy selling in telecom and software stocks.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,071.54 | -45.83 | -1.47 |
Hang Seng | 30,418.33 | -290.11 | -0.94 |
Jakarta Composite | 6,337.70 | -18.21 | -0.29 |
KLSE Composite | 1,887.75 | -7.43 | -0.39 |
Nikkei 225 | 22,162.24 | -28.94 | -0.13 |
Straits Times | 3,573.38 | -25.35 | -0.70 |
KOSPI Composite | 2,476.33 | -9.77 | -0.39 |
Taiwan Weighted | 10,779.38 | -191.84 | -1.75 |
