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Asian markets end mixed on Friday

09 Aug 2019 Evaluate

Asian markets ended mixed on Friday as investors digested key data from China and Japan, and on renewed concerns about the US-China trade dispute after a report that the White House is delaying a decision on allowing US companies to do business with China’s Huawei Technologies. Chinese shares ended down after the release of mixed inflation data. Reports showed Consumer prices in China rose an annual 2.8 percent in July, slightly higher than expectations for 2.7 percent. On a monthly basis, consumer prices were up 0.4 percent after easing 0.1 percent in the previous month. Producer prices sank 0.3 percent year-on-year, beneath expectations for a flat reading that would have been unchanged from the previous month. Meanwhile, Japanese shares ended higher after data showed its economy grew at a faster than expected pace in the June-ended second quarter. Japan's GDP grew 0.4 percent sequentially in the second quarter of 2019, which beats expectations for an increase of 0.1 percent following the upwardly revised 0.7 percent gain in the previous three months. On an annualized basis, GDP gained 1.8 percent - again exceeding expectations for an increase of 0.5 percent following the upwardly revised 2.8 percent gain in the three months prior.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,774.75
-19.80
-0.71

Hang Seng

25,939.30
-181.47
-0.69

Jakarta Composite

6,282.13
7.46
0.12

KLSE Composite

1,615.05

-0.97

-0.06

Nikkei 225

20,684.82
91.47
0.44

Straits Times

-

-

-

KOSPI Composite

1,937.75
17.14
0.89

Taiwan Weighted

-

-

-

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