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Most Asian shares close lower after yesterday’s rally

20 Jul 2012 Evaluate

After yesterday’s rally, most of the Asian shares fell on Friday on the back of profit-taking on last day of the week. However, Japan's Nikkei remained under strain after the yen strengthened in New York against the greenback while it continued to stay strong against the euro, while Shanghai was down amid reports that China has ordered local governments to strictly implement property control measures and rectify easing policies that have been introduced after a rebound in prices in June. Meanwhile, Spain is expecting a first slice of 30 billion euros by the end of the month and has in turn agreed to a raft of banking sector reforms and EU inspections to ensure the restructuring process is effective.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,168.64

-16.20

-0.74

Hang Seng

19,640.80

81.75

0.42

Jakarta Composite

4,081.20

-14.99

-0.37

KLSE Composite

1,643.00

-1.60 

-0.10

Nikkei 225

8,669.87

-125.68

-1.43

Straits Times

3,015.53

-13.43

-0.44

KOSPI Composite

1,822.93

-0.03

0.00

Taiwan Weighted

7,164.68

16.11

0.23

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