Asian markets ended lower on Friday, tracking global sell-off following a spike in US bond yields. Further, fears of inflation too added pressure on market sentiments. Moreover, Japanese shares ended sharply lower, logging its biggest point decline since June 2016, as a spike in Japanese long-term bonds triggered worries about market stability and possible changes to monetary easing. Data showed the yield on the benchmark 10-year Japanese government bond briefly rose to 0.175 percent before finishing at 0.160 percent, up 0.020 percentage point from Thursday's close.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,509.08 | -75.97 | -2.12 |
Hang Seng | 28,980.21 | -1,093.96 | -3.64 |
Jakarta Composite | 6,241.80 | -47.85 | -0.76 |
KLSE Composite | 1,577.75 | -3.79 | -0.24 |
Nikkei 225 | 28,966.01 | -1,202.26 | -3.99 |
Straits Times | 2,949.04 | -24.50 | -0.82 |
KOSPI Composite | 3,012.95 | -86.74 | -2.80 |
Taiwan Weighted | 15,953.80 | -498.38 | -3.03 |
