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MoneyWorks4Me

Most Asian markets close lower

27 Aug 2012 Evaluate

Most Asian markets went home with red mark as investors were tired of waiting for central banks in China and the US to take some measures to support business activity in the world's largest economies. Meanwhile, Apple’s court victory in a high-stake patent dispute sent shares of Samsung Electronics and its affiliates into a tailspin, which also pressurized the markets. However, Japan's Nikkei share average inched higher on Monday, rebounding from the previous session's sharp loss, on hopes that US Federal Reserve will soon launch further stimulus, while Hong Kong shares ended down.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,055.71

-36.40

-1.74

Hang Seng

19,798.67

-81.36

-0.41

Jakarta Composite

4,145.88

0.48

0.01

KLSE Composite

1,648.13

-0.09

-0.01

Nikkei 225

9,085.39

14.63

0.16

Straits Times

3,044.49

-6.00

-0.20

KOSPI Composite

1,917.87

-1.94

-0.10

Taiwan Weighted

7,468.22

-9.31

-0.12