Asian markets settled mostly higher on Thursday as the keenly awaited December inflation number from the United Stated largely came in line with market expectations, which was not enough to force faster monetary tightening by the US Federal Reserve. Data from the US Labour Department showed its consumer price index increased 0.5% last month after rising 0.8% in November, while in the 12 months through December, the CPI surged 7% to its highest year-on-year rise in nearly four decades. However, surging coronavirus cases in Asia have raised uncertainty about the pace of recovery from the pandemic and capped further gain in Asian stocks. Chinese shares dragged lower after new bank lending in China fell more than expected in December from the previous month, led by property developers and consumption stocks, while growing concerns over the coronavirus situation, the strict lockdowns and the resultant impact on the economy also adding pressure on sentiments.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,555.26 | -42.17 | -1.17 |
Hang Seng | 24,429.77 | 27.60 | 0.11 |
Jakarta Composite | 6,658.36 | 11.29 | 0.17 |
KLSE Composite | 1,569.51 | 6.31 | 0.40 |
Nikkei 225 | 28,489.13 | -276.53 | -0.96 |
Straits Times | 3,257.30 | 2.32 | 0.07 |
KOSPI Composite | 2,962.09 | -10.39 | -0.35 |
Taiwan Weighted | 18,436.93 | 61.53 | 0.33 |
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