Asian markets ended mostly lower on Friday owing to profit booking after a recent stimulus-driven rally on the markets. Chinese shares ended lower amid concerns about resurgence of corona virus infections in the country. Moreover, Japanese shares declined ahead of the corporate earnings reports next week. While a survey showed the manufacturing sector in Japan slipped into contraction in December, with a PMI score of 49.7, largely due weakening output and new export orders as well as employment conditions. However, some losses were capped by hopes of a massive US stimulus under the new Biden administration to prop up the US economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,606.75 | -14.51 | -0.40 |
Hang Seng | 29,447.85 | -479.91 | -1.60 |
Jakarta Composite | 6,307.13 | -106.76 | -1.66 |
KLSE Composite | 1,596.74 | 1.94 | 0.12 |
Nikkei 225 | 28,631.45 | -125.41 | -0.44 |
Straits Times | 2,991.53 | -25.62 | -0.85 |
KOSPI Composite | 3,140.63 | -20.21 | -0.64 |
Taiwan Weighted | 16,019.03 | -134.74 | -0.83 |
