Asian markets ended lower on Thursday amid concerns that a spike in new corona virus cases in major economies, fueled fears of a possible second wave of virus infections and a slower global economic recovery. The International Monetary Fund has sharply lowered its global growth forecast for this year and next and said the pandemic was causing wider and deeper damage to economic activity than first thought. Moreover, fresh tensions between the EU and Washington, too weighed on market sentiment. The United States is considering levying taxes on an additional $3.1 billion in European imports amid a dispute over subsidies to plane maker Airbus. Meanwhile, markets in China, Taiwan and Hong Kong were closed for the Dragon Boat Festival.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | - | - | - |
Jakarta Composite | 4,896.73 | -68.01 | -1.37 |
KLSE Composite | 1,489.20 | -13.43 | -0.89 |
Nikkei 225 | 22,259.79 | -274.53 | -1.22 |
Straits Times | 2,590.15 | -38.47 | -1.46 |
KOSPI Composite | 2,112.37 | -49.14 | -2.27 |
Taiwan Weighted | - | - | - |
