All the Asian equity indices butchered during the trade and ended the session on subdued note on Thursday as the US Federal Reserve’s latest multi-billion-dollar move to shore up the American economy led to worldwide disappointment. Moreover, weak Chinese data also weighed on market sentiments, as HSBC’s preliminary China Manufacturing Purchasing Managers’ index (PMI), fell to a two-month low in September, indicating a broadening slowdown in the Chinese economy. Meanwhile, Hong Kong index ended the day’s trade with a cut of about five percent, dragged lower by mainland energy and property counters as investors reacted to different policy signals from Beijing. Jakarta Composite remained the major loser among the Asian peers losing about nine percent in the trade as overseas investors cut holdings in riskier assets amid concern global economic growth will slow.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,443.06 | -69.91 | -2.78 |
Hang Seng | 17,911.95 | -912.22 | -4.85 |
Jakarta Composite | 3,369.14 | -328.35 | -8.88 |
KLSE Composite | 1,387.81 | -31.23 | -2.20 |
Nikkei 225 | 8,560.26 | -180.90 | -2.07 |
Straits Times | 2,720.53 | -71.26 | -2.55 |
Seoul Composite | 1,800.55 | -53.73 | -2.90 |
Taiwan Weighted | 7,305.50 | -230.38 | -3.06 |
