The Asian markets made a mixed closing on the last trading day of week, while the Chinese market after making a green start strengthened further but some of the other indices made last hour recovery to close in green. There was a sense of disappointments among the regional shares after inaction by the European Central Bank and Federal Reserve. The Japanese market was worst impacted with yen strengthening against all other major currencies and weak earnings from some of the major corporate. Hong Kong shares too weakened below a key technical support level. Chinese market was the top performer for the day, gaining over a percent as country’s regulators, seeking to arrest a 14 percent slide in the nation’s stock market since this year’s high, reduced transaction fees on equities trading by huge 20 percent. However in a separate development People’s Bank of China said in a quarterly monetary-policy report said that China will conduct policy fine-tuning at an appropriate time and consumer inflation may rebound after August.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,132.80 | 21.61 | 1.02 |
Hang Seng | 19,666.18 | -24.02 | -0.12 |
Jakarta Composite | 4,099.81 | 6.70 | 0.16 |
KLSE Composite | 1,635.04 | 1.59 | 0.10 |
Nikkei 225 | 8,555.11 | -98.07 | -1.13 |
Straits Times | 3,051.33 | 15.14 | 0.50 |
KOSPI Composite | 1,848.68 | -20.72 | -1.11 |
Taiwan Weighted | 7,217.51 | -50.45 | -0.69 |
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