Asian markets end mostly higher on Thursday

10 May 2018 Evaluate

Asian equity markets ended mostly higher on Thursday as rallying oil prices helped lift energy stocks and US President Donald Trump said he would announce the site for a summit with North Korean leader Kim Jong Un within three days. Japanese shares ended higher on improved risk appetite as crude oil prices surged and investors digested a raft of local economic data. Further, Chinese shares ended higher after official data showed the country's consumer price inflation eased to a three-month low in April on weak food price growth, while producer price inflation increased for the first time in seven months on commodity prices. Consumer prices in China were up 1.8 percent on year in April. That was beneath expectations for 1.9 percent and down from 2.1 percent in March. Producer prices advanced an annual 3.4 percent - matching forecasts and up from 3.1 percent in the previous month. Meanwhile, Indonesian and Malaysian markets remained closed for holidays.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,175.17	16.02	0.50
Hang Seng	30,809.22	273.08	0.89
Jakarta Composite	-	-	-
KLSE Composite	-		-
Nikkei 225	22,497.18	88.30	0.39
Straits Times	3,537.59	-10.95	-0.31
KOSPI Composite	2,464.16	20.18	0.82
Taiwan Weighted	10,7760.21	58.86	0.53

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