Asian shares ended mostly lower on Thursday as Apple's profit warning weighed on tech shares across Asia, most notably in Taiwan and South Korea. Apple specifically highlighted slowing Chinese growth and Sino-US trade tensions, exacerbating investors’ concerns about the health of the global economy. The news also sparked a 'flash crash' in holiday-thinned currency markets as investors rushed to less risky assets, with the Japanese yen soaring against most major currencies in a matter of seconds. Meanwhile, the Japanese market was closed for a public holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,464.36 | -0.93 | -0.04 |
Hang Seng | 25,064.36 | -65.99 | -0.26 |
Jakarta Composite | 6,221.01 | 39.83 | 0.64 |
KLSE Composite | 1,675.83 | 7.72 | 0.46 |
Nikkei 225 | - | - | - |
Straits Times | 3,012.88 | -26.01 | -0.86 |
KOSPI Composite | 1,993.70 | -16.30 | -0.81 |
Taiwan Weighted | 9,492.42 | -61.72 | -0.65 |
