Asian markets ended in red on Thursday, as global growth worries persisted and markets were surprised by the Fed's commitment to tighten monetary policy, despite rising risks to growth. Chinese shares closed lower despite the country's central bank rolling out a new lending tool to support lending to small and private firms. Further, Japanese shares ended down as the Fed sounded less dovish and the Bank of Japan maintained its ultra-loose monetary policy, and reaffirmed its view on the economy, citing stagnant inflation and a looming consumption tax hike next year.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,536.27 | -13.29 | -0.52 |
Hang Seng | 25,623.53 | -241.86 | -0.94 |
Jakarta Composite | 6,147.88 | -28.21 | -0.46 |
KLSE Composite | 1,650.56 | -5.10 | -0.31 |
Nikkei 225 | 20,392.58 | -595.34 | -2.84 |
Straits Times | 3,050.62 | -8.03 | -0.26 |
KOSPI Composite | 2,060.12 | -18.72 | -0.90 |
Taiwan Weighted | 9,674.52 | -108.69 | -1.11 |
