Asian markets ended mostly higher on Thursday as disappointing manufacturing activity surveys from Europe and the United States helped reinforce expectations of a shift toward easier monetary policy by major central banks, including the European Central Bank and the Federal Reserve. Rising tensions between Tokyo and Seoul and news that North Korea fired two short-range missiles from its east coast into the sea served to cap the upside to some extent. Chinese shares ended higher as investors braced for the first high-level, face-to-face trade negotiations between top US and Chinese negotiators next week. Further, Japanese stocks closed up in line with record highs on Wall Street overnight on the back of encouraging earnings reports and on expectations of easy monetary policy. Though, Seoul shares ended lower as downbeat corporate earnings and escalating trade tensions with Japan overshadowed data showing that South Korea's economy swung back to growth in the second quarter.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,937.36 | 14.08 | 0.48 |
Hang Seng | 28,594.30 | 70.26 | 0.25 |
Jakarta Composite | 6,401.36 | 16.37 | 0.26 |
KLSE Composite | 1,656.58 | 4.17 | 0.25 |
Nikkei 225 | 21,756.55 | 46.98 | 0.22 |
Straits Times | 3,381.26 | 12.82 | 0.38 |
KOSPI Composite | 2,074.48 | -7.82 | -0.38 |
Taiwan Weighted | 10,941.41 | 5.65 | 0.05 |
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