Asian markets made a weak ending on Thursday and while the Japanese market was up by around 2% most of the Asian peers ended with cut of over a percent. Japanese Nikkei surged on speculation that a change of government may result in more stimulus for the economy. On the other hand Chinese Shanghai Composite declined by over a percent as Xi Jinping replaced Hu Jintao as head of the Chinese Communist Party. However, data showed a slowdown in China may be ending.
Jakarta Composite and KLSE Composite remained closed.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,030.29 | -25.13 | -1.22 |
Hang Seng | 21,108.93 | -333.06 | -1.55 |
Nikkei 225 | 8,829.72 | 164.99 | 1.90 |
Straits Times | 2,945.92 | -32.11 | -1.08 |
KOSPI Composite | 1,870.72 | -23.32 | -1.23 |
Taiwan Weighted | 7,143.84 | -15.91 | -0.22 |
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