Asian markets finished mixed on Friday as the tapering pandemic-era stimulus by the Federal Reserve, the European Central Bank and the Bank of England dampened the risk appetite in the market. Technological sector witnessed huge sell off in the session amidst woes on the impact of interest rate hikes. Market got pressured with the implications of continued spike in Omicron variant, spike in inflation, and Sino-US tensions. Shanghai posted sharp loss in the session with its blue-chips in three month low rate due to hefty selling by Foreign Institutional Investors. While, Japan’s Nikkei dipped the most among the Asian stocks.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,632.36 | -42.66 | -1.16 |
Hang Seng | 23,192.63 | -282.87 | -1.20 |
Jakarta Composite | 6,601.93 | 7.13 | 0.11 |
KLSE Composite | 1,502.01 | 17.37 | 1.17 |
Nikkei 225 | 28,545.68 | -520.64 | -1.79 |
Straits Times | 3,111.63 | -17.17 | -0.55 |
KOSPI Composite | 3,017.73 | 11.32 | 0.38 |
Taiwan Weighted | 17,812.59 | 26.85 | 0.15 |
