Asian markets ended mostly lower on Thursday amid rising inflation worries, while concerns over economic health for Asia also dented market sentiments. Japanese shares declined sharply on the back of Nasdaq's overnight weakness, but expectations for strong earnings results from Japanese firms limited losses. However, Chinese shares ended higher after reports that Chinese developer Evergrande Group has secured more than 3-month extension period on a defaulted $260 million bond, a day after a deal to sell a $2.6 billion stake in its property services unit failed.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,594.78 | 7.78 | 0.22 |
Hang Seng | 26,017.53 | -118.49 | -0.45 |
Jakarta Composite | 6,632.97 | -23.03 | -0.35 |
KLSE Composite | 1,591.62 | -14.70 | -0.92 |
Nikkei 225 | 28,708.58 | -546.97 | -1.87 |
Straits Times | 3,188.50 | -9.58 | -0.30 |
KOSPI Composite | 3,007.33 | -5.80 | -0.19 |
Taiwan Weighted | 16,889.51 | 1.69 | 0.01 |
