Asian markets ended mostly lower on Thursday on doubts about progress in Sino-US trade negotiations and weak data from China and Japan stoked worries that a global slowdown is deepening. Hong Kong shares ended lower amid reports the Hong Kong government will announce a curfew for the weekend, while weaker than expected Chinese data fueled concerns over the health of Chinese economy. Chinese Industrial output rose 4.7 percent year-on-year in October, data from the National Bureau of Statistics released on Thursday showed, significantly slower than expected on weakness in global and domestic demand and as a drawn-out trade war with the United States weighed on activity. Indicators showed other sectors also slowed significantly and missed forecasts with retail sales growth back near a 16-year trough and fixed asset investment growth the weakest on record. Further, Japanese shares closed down as the yen strengthened and data showed Japan's economy grew at the slowest pace in a year in the third quarter. Gross domestic product grew an annualized 0.2 percent quarterly following a revised 1.8 percent expansion in the second quarter, figures from the Cabinet Office showed. Though, Chinese shares ended higher on expectations that policymakers will ramp up stimulus measures to boost a fragile economic recovery after weak Chinese industrial data.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,909.87 | 4.63 | 0.16 |
Hang Seng | 26,323.69 | -247.77 | -0.93 |
Jakarta Composite | 6,098.95 | -43.55 | -0.71 |
KLSE Composite | 1,593.55 | -3.67 | -0.23 |
Nikkei 225 | 23,141.55 | -178.32 | -0.76 |
Straits Times | 3,231.85 | -7.37 | -0.23 |
KOSPI Composite | 2,139.23 | 16.78 | 0.79 |
Taiwan Weighted | 11,450.42 | -17.41 | -0.15 |
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