Asian markets ended mostly lower on Friday, tracking weak global markets with anxiety over spiked treasury yields in reaction to the latest comments from US Federal Reserve Chair Jerome Powell that he expects some inflationary pressures in the time ahead. Japanese shares ended lower as the Japan government extended the corona-virus related state of emergency by two weeks for the Tokyo region to prevent a fresh wave of infections. Chinese shares settled marginally lower as the country set a conservative economic growth target of above 6 percent for 2021, well below a widely accepted forecast of over 8 percent for the year.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,501.99 | -1.50 | -0.04 |
Hang Seng | 29,098.29 | -138.50 | -0.47 |
Jakarta Composite | 6,258.75 | -32.05 | -0.51 |
KLSE Composite | 1,600.12 | 18.86 | 1.19 |
Nikkei 225 | 28,864.32 | -65.79 | -0.23 |
Straits Times | 3,013.85 | -0.93 | -0.03 |
KOSPI Composite | 3,026.26 | -17.23 | -0.57 |
Taiwan Weighted | 15,855.23 | -51.18 | -0.32 |
