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Asian markets end mixed on US Worries

06 Dec 2012 Evaluate

Asian stock markets ended mixed on Thursday amid U.S. President Barack Obama’s indication that there will be no deal to avert the fiscal crisis unless Republicans are willing to increase the income tax rates on the top 2 percent of Americans. Japan’s Nikkei ended higher after touching seven-month high, supported by the yen's weakness against the dollar. China's Shanghai Composite went home with red mark and Hong Kong's Hang Seng index eased marginally following earlier session’s strong rally. Moreover, Seoul shares closed slightly higher despite concerns about stalled U.S. budget talks, while Kospi average edged up 1 percent to a fresh seven-week high in relatively thin trading.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,029.24

-2.67

-0.13

Hang Seng

22,249.81

-21.10

-0.09

Jakarta Composite

4,292.60

5.77

0.13

KLSE Composite

1,616.23

2.44

0.15

Nikkei 225

9,545.16

76.32

0.81

Straits Times

3,078.20

2.28

0.07

KOSPI Composite

1,949.62

2.58

0.13

Taiwan Weighted

7,623.26

-25.79

-0.34

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