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 |
