Asian markets made a mixed closing on Thursday, there was cautiousness in the markets since morning after US Fed disappointed the global markets by not announcing any measure to stimulate economy and traders remained hopeful that the European Central Bank (ECB) will do more to contain the debt crisis; the ECB will announce a policy decision today. Japanese market despite paring most of its early gains closed marginally higher supported by rise in commodity prices. On the same time the Chinese market lost over half a percent on renewed concern that the government will issue more curbs to cool the real estate market after China’s Premier Wen Jiabao said the country will 'unswervingly' implement property controls and prevent home prices from rebounding. While, the Korean market ended lower following decline in largest exporter of consumer electronics, Samsung Electronics.
Meanwhile, the Taiwan Stock market remained closed due to Typhoon SAOLA.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,111.18 | -12.18 | -0.57 |
Hang Seng | 19,690.20 | -130.18 | -0.66 |
Jakarta Composite | 4,093.11 | -37.35 | -0.90 |
KLSE Composite | 1,633.45 | 0.98 | 0.06 |
Nikkei 225 | 8,653.18 | 11.33 | 0.13 |
Straits Times | 3,036.19 | -14.89 | -0.49 |
KOSPI Composite | 1,869.40 | -10.53 | -0.56 |
Taiwan Weighted | -- | -- | -- |