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Asian markets end mostly lower on Friday

27 Sep 2019 Evaluate

Asian markets ended mostly lower on Friday as concerns surrounding a potential impeachment inquiry into US President Donald Trump and weak data from China offset renewed Sino-US trade talk optimism. Meanwhile, reports showed that the US economy grew more slowly in the second quarter, updated figures confirm, and is slow growth is expected to persist through the end of the year largely because of the festering trade fight with China. Japanese shares ended lower due to worries about corporate governance after report that executives from Kansai Electric Power Co Inc received payments from a former official of a town that hosts one of the utility's nuclear power plants. Though, Chinese shares ended higher even as data showed the country's industrial profits contracted in August after a brief recovery in July. China’s industrial profits for August dropped 2% from a year earlier, according to the country’s National Bureau of Statistics. That followed a 2.6% gain in July and a 3.1% in June.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,932.17

3.08

0.11

Hang Seng

25,954.81
-87.12
-0.33

Jakarta Composite

6,196.89
-33.44
-0.54

KLSE Composite

1,584.14
-8.86
-0.56

Nikkei 225

21,878.90
-169.34
-0.77

Straits Times

3,125.63
-0.18
-0.01

KOSPI Composite

2,049.93
-24.59
-1.19

Taiwan Weighted

10,829.68
-42.31

-0.39

 

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