Asian markets ended lower on Thursday as investors waited to see if the US and China can strike a trade deal during two days of talks in Washington starting later in the day. Underlying sentiment turned cautious after US President Donald Trump said he would be happy to keep tariffs on Chinese imports, while Beijing announced it would take ‘necessary countermeasures’. Japanese shares ended lower as the yen remained well bid against the dollar on safe-haven demand. Fears of the rapidly escalating trade tensions were eased a bit by China inflation data suggesting demand may be starting to perk up thanks to Beijing's stimulus. China's consumer price inflation rose to a six-month high in April, while producer price inflation increased at the fastest pace in four months. The consumer price index rose 2.5 percent year-on-year, following a 2.3 percent increase in March. The producer price index rose an annual 0.9 percent in the month, following a 0.4 percent increase in March. Separately, central bank data showed that new yuan loans given by Chinese banks totaled CNY 1.02 trillion in April, well below expectations, and March's CNY 1.69 trillion.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,850.95 | -42.81 | -1.48 |
Hang Seng | 28,311.07 | -692.13 | -2.39 |
Jakarta Composite | 6,198.80 | -71.40 | -1.14 |
KLSE Composite | 1,618.53 | -15.02 | -0.92 |
Nikkei 225 | 21,402.13 | -200.46 | -0.93 |
Straits Times | 3,269.70 | -14.14 | -0.43 |
KOSPI Composite | 2,102.01 | -66.00 | -3.04 |
Taiwan Weighted | 10,733.67 | -190.04 | -1.74 |
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