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Asian markets end mixed on quiet New Year's Eve

31 Dec 2018 Evaluate

Asian markets ended mixed on Monday in subdued New Year's Eve trading. Cautiousness persisted during the trade, as weak manufacturing data from China offset signs of progress in trade talks between the United States and China. China's manufacturing sector fell into contraction in December, the latest survey from the National Bureau of Statistics showed with a PMI score of 49.4, down from the no-change mark 50.0 in November. The bureau also said its non-manufacturing PMI climbed to 53.8 from 53.4 in the previous month. Hong Kong's shares ended higher after US President Donald Trump on Saturday said that he had a ‘long and very good call’ with Chinese President Xi Jinping and that a comprehensive trade deal between the United States and China is moving along very well, raising hopes for a breakthrough in the trade dispute. Separately, Chinese state media cited President Xi Jinping as saying he believed both sides wanted ‘stable progress.’ Meanwhile, several regional bourses were closed for New Year's Eve, including Japan, South Korea, China, Indonesia and Taiwan.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

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Hang Seng

25,845.70
341.50
1.34

Jakarta Composite

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KLSE Composite

1,690.58-1.49-0.09

Nikkei 225

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Straits Times

3,068.76
15.33
0.50

KOSPI Composite

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Taiwan Weighted

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