Asian markets ended mostly lower on Thursday on profit-taking following concerns about inflation and surging US bond yields. Further, Japanese shares ended lower as doubts on the sustainability of a recent rally above the 30,000 level. Although, US president Joe Biden said the US economy would come roaring back if Congress approved his $1.9 trillion fiscal stimulus plan, as he pledged to deliver widespread corona virus vaccinations and a stronger recovery in the second half of the year. Chinese shares closed higher after traders returned to their desks following the Lunar New Year holidays, with renewed optimism for an acceleration in global growth.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,675.36 | 20.27 | 0.55 |
Hang Seng | 30,595.27 | -489.67 | -1.58 |
Jakarta Composite | 6,200.31 | -27.42 | -0.44 |
KLSE Composite | 1,575.84 | -19.45 | -1.22 |
Nikkei 225 | 30,236.09 | -56.10 | -0.19 |
Straits Times | 2,909.57 | -10.86 | -0.37 |
KOSPI Composite | 3,086.66 | -47.07 | -1.50 |
Taiwan Weighted | 16,424.51 | 62.22 | 0.38 |
