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Asian markets end mostly higher on Thursday

08 Aug 2019 Evaluate

Asian markets ended mostly higher on Thursday after China reported stronger-than-expected rebound in exports in July despite a protracted trade war with the United States. China's central bank fixed the Yuan weaker above 7 per dollar, the first time in a decade, but it was not as weak as many had expected. On the other hand, Oil prices jumped after seeing sharp declines the previous day on expectations that producers may reduce supply to support the market. Chinese shares ended higher after data showed Chinese exports rose 3.3 percent in July, compared to forecasts for a 2 percent drop, while imports fell less than the expected. Further, Japanese shares ended modestly higher and the yen's appreciation against the dollar slowed after Japan approved its first shipment of restricted goods to South Korea.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,794.55
25.87
0.93

Hang Seng

26,120.77
123.74
0.48

Jakarta Composite

6,274.67
70.47
1.14

KLSE Composite

1,616.02

11.32

0.71

Nikkei 225

20,593.35
76.79
0.37

Straits Times

3,168.94
-15.75
-0.49

KOSPI Composite

1,920.61
10.90
0.57

Taiwan Weighted

10,494.49
108.31
1.04

 

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