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Asian markets end mostly lower on Wednesday

31 Jul 2019 Evaluate

Asian markets ended mostly lower on Wednesday as North Korea conducted its second weapons test in less than a week and a trade threat from US President Donald Trump to China cast a shadow over the fate of the latest round of trade talks taking place in Shanghai. Investors also awaited the outcome of a two-day US Federal Reserve meeting later in the day as well as Chairman Jerome Powell's post-meeting press conference for clues on the policy path. Chinese shares ended lower after official data showed the country's factory activity contracted for the third straight month in July amid a tariff war with Washington and weak domestic demand. The official manufacturing PMI for the month came in at 49.7. The non-manufacturing index fell to 53.7 from 54.2 in June while the composite index came in with a score of 53.1, up marginally from 53.0 in the previous month. Besides, Japanese shares closed down as investors watched developments on the trade front and the latest batch of corporate earnings. Moreover, Seoul shares declined notably amid an intensifying trade row with Japan and rising security tension on the Korean Peninsula after North Korea launched two short-range ballistic missiles into the sea Wednesday morning, the second launch of missiles in a week.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,932.51
-19.83
-0.67

Hang Seng

27,777.75
-368.75
-1.31

Jakarta Composite

6,390.50
13.50
0.21

KLSE Composite

1,634.87

-7.82

-0.48

Nikkei 225

21,521.53
-187.78
-0.86

Straits Times

3,300.75
-49.79
-1.49

KOSPI Composite

2,024.55
-14.13
-0.69

Taiwan Weighted

10,823.81
-7.09
-0.07

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