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Asian markets end mixed on Thursday

06 Jun 2019 Evaluate

Asian markets ended mixed on Thursday after the US and Mexico failed to reach a deal during their trade talks on Wednesday. Chinese shares ended lower after the International Monetary Fund cut China's growth forecast for this year and next, citing downside risks and high uncertainty surrounding trade tensions. The lender lowered the growth forecast for this year to 6.2 percent from 6.3 percent seen in April. The projection for next year was trimmed to 6 percent from 6.1 percent. On conclusion of the IMF staff Article IV mission to China, the lender said it expects China's growth to gradually slow to 5.5 percent by 2024, as the economy moves towards a more sustainable growth path. Japanese shares ended on a flat with negative bias amid trade uncertainties after the US and Mexico failed to reach a deal on immigration issues. Meanwhile, markets in South Korea, Malaysia and Indonesia were closed for holidays.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,827.80
-33.62
-1.17

Hang Seng

26,965.28
69.84
0.26

Jakarta Composite

-

-

-

KLSE Composite

-

-

-

Nikkei 225

20,774.04
-2.06
-0.01

Straits Times

3,146.18
3.81
0.12

KOSPI Composite

-

-

-

Taiwan Weighted

10,409.20
-52.42
-0.50

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