Asian markets ended mostly lower on Thursday as investors remained worried about a hit to corporate earnings from the prolonged US-China trade war and the Japan-South Korea trade dispute. Chinese shares closed down on fears over slowing growth and the impact of the trade dispute with the United States. Further, Japanese shares declined as weak exports data and disappointing US corporate earnings raised fresh worries about the impact of tariffs from the Sino-US trade war. Japanese exports fell 6.7 percent from a year earlier in June against a backdrop of slowing global growth, the Ministry of Finance said in a report. That missed forecasts for a drop of 5.4 percent following the 7.4 percent drop in the previous month. Exports to China, Japan's biggest trading partner, fell 10 percent from a year earlier, marking its sixth fall in the past seven months.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,901.18 | -30.51 | -1.04 |
Hang Seng | 28,461.66 | -131.51 | -0.46 |
Jakarta Composite | 6,403.29 | 8.68 | 0.14 |
KLSE Composite | 1,648.93 | -8.60 | -0.52 |
Nikkei 225 | 21,046.24 | -422.94 | -1.97 |
Straits Times | 3,361.05 | -3.82 | -0.11 |
KOSPI Composite | 2,066.55 | -6.37 | -0.31 |
Taiwan Weighted | 10,799.28 | -29.20 | -0.27 |
