Asian markets ended mostly lower on Friday on account of concerns over resurgence of the new corona virus cases across the United States and Europe. Further, US Federal Chair Jerome Powell's cautious comments on the outlook for economic recovery during a virtual event also added pressure on market sentiment. With the virus spreading, the next few months could be challenging despite recent upbeat news about a potential vaccine, Powell said. Chinese shared ended lower after US President Donald Trump signed an executive order banning US investments in Chinese firms that are determined to be owned or controlled by the Chinese military. However, South Korean shares ended higher, even as the country reported its biggest daily jump in Covid-19 cases in 70 days. South Korea's Prime Minister Chung Sye-kyun said the viral spread could force the government to seriously consider tightening social distancing again. Japanese shares ended higher on optimism over Biden's victory in the US presidential race and American drug-maker Pfizer Inc's promising vaccine trial data.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,310.10 | -28.58 | -0.86 |
Hang Seng | 26,156.86 | -12.52 | -0.05 |
Jakarta Composite | 5,461.06 | 2.46 | 0.05 |
KLSE Composite | 1,589.69 | -1.09 | -0.07 |
Nikkei 225 | 25,385.87 | -135.01 | -0.53 |
Straits Times | 2,711.39 | -0.51 | -0.02 |
KOSPI Composite | 2,493.87 | 18.25 | 0.74 |
Taiwan Weighted | 13,273.33 | 51.55 | 0.39 |
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