Asian markets end mostly lower on Friday

03 Apr 2020 Evaluate

Asian markets ended mostly lower on Friday as worries about the economic costs of the corona virus hurt global equity markets, and after oil prices shed some of their massive gains. The number of confirmed corona virus cases around the world has soared past one million and deaths have topped 50,000 as the United States reported the highest daily death toll of any country so far. Chinese shares ended lower amid fear of a potential second wave of infections in the country. In its latest growth outlook, the Asian Development Bank (ADB) lowered its 2020 GDP growth forecast for China, where the virus surfaced in December, to 2.3% this year from 5.8% previously, citing dismal economic activity in the first two months of the year. Though, Japanese shares ended marginally higher, helped by a weaker yen and overnight gain in oil prices on hopes the oil price war between Russia and Saudi Arabia could soon ease.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,763.99	-16.65	-0.60
Hang Seng	23,236.11	-43.95	-0.19
Jakarta Composite	4,623.43	91.74	2.02
KLSE Composite	1,330.65	-0.25	-0.02
Nikkei 225	17,820.19	1.47	0.01
Straits Times	2,389.29	-63.74	-2.60
KOSPI Composite	1,725.44	0.58	0.03
Taiwan Weighted	-	-	-

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