Asian markets ended mostly higher on Thursday, despite concerns over the surging corona virus cases worldwide. Chinese shares ended with strong gains following the release of China’s June inflation data. The Chinese Consumer price index grew 2.5 percent year on year last month, expanding from the 2.4 percent gain in May, according to data from the National Bureau of Statistics. The bureau also stated that producer price index slipped 3 percent year-on-year in June. Meanwhile, its state-run media warned that investors should still pursue rational investments and manage risks. In addition, China’s securities regulator published a list of 258 illegal margin lending platforms and their operators to try to tame a bull run on the country's stock markets. Moreover, Japanese shares ended up as the yen eased on the back of better than expected machinery orders data. The total value of core machine orders in Japan was up a seasonally adjusted 1.7 percent in May after a 12.0% slump in April, the fastest drop since 2018.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,450.59 | 47.15 | 1.39 |
Hang Seng | 26,210.16 | 80.98 | 0.31 |
Jakarta Composite | 5,052.79 | -23.38 | -0.46 |
KLSE Composite | 1,583.25 | -0.25 | -0.02 |
Nikkei 225 | 22,529.29 | 90.64 | 0.40 |
Straits Times | 2,652.65 | -16.84 | -0.63 |
KOSPI Composite | 2,167.90 | 9.02 | 0.42 |
Taiwan Weighted | 12,192.69 | 22.50 | 0.18 |
