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Asian markets end mostly lower on Friday

08 Feb 2019 Evaluate

Asian markets ended mostly lower on Friday amid growth and trade worries after the European Commission lowered its growth forecasts for euro zone and US President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before the March 1 deadline for reaching a trade deal. Japanese shares led regional losses to hit a one-month low as the yen strengthened on fresh worries about the US-China trade dispute. Weak earnings results also sapped investors' appetite for risk. On the economic front, a government report showed that Japan posted a current account surplus of 452.8 billion yen in December, down 43.1 percent year on year. That was shy of expectations for a surplus of 458.5 billion yen and down from 757.2 billion yen in November. Japan's trade balance in December showed a surplus of 216.2 billion yen, exceeding forecasts for 132.4 billion yen following the 559.1 billion yen deficit in the previous month. Meanwhile, markets in Taiwan and China remained closed for the Lunar New Year holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

-

-

-

Hang Seng

27,946.32
-43.89
-0.16

Jakarta Composite

6,521.66
-14.80
-0.23

KLSE Composite

1,686.52

-6.87

-0.41

Nikkei 225

20,333.17
-418.11
-2.01

Straits Times

3,202.04
1.40
0.04

KOSPI Composite

2,177.05
-26.37
-1.20

Taiwan Weighted

-

-

-

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