Asian markets ended mostly lower on Thursday following worries about rising yields on benchmark US Treasury bonds, while investors also awaited US Federal Reserve Chairman Jerome Powell's speech at a Wall Street Journal conference later today where he may address concerns about the risk of a rapid rise in long-term borrowing costs. Chinese shares declined after China’s banking regulator also voiced concerns over high valuations in foreign markets. Further, Japanese shares settled lower amid increased uncertainty across equities and bond markets.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,503.49 | -73.41 | -2.05 |
Hang Seng | 29,236.79 | -643.63 | -2.15 |
Jakarta Composite | 6,290.80 | -85.96 | -1.35 |
KLSE Composite | 1,581.26 | -7.19 | -0.45 |
Nikkei 225 | 28,930.11 | -628.99 | -2.13 |
Straits Times | 3,014.78 | 14.41 | 0.48 |
KOSPI Composite | 3,043.49 | -39.50 | -1.28 |
Taiwan Weighted | 15,906.41 | -305.32 | -1.88 |
