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Asian markets end mixed; China’s PMI boosts Shanghai

14 Dec 2012 Evaluate

Asian markets ended mixed on Friday amid growing concerns about the looming fiscal cliff in US that overshadowed some upbeat economic reports in the region. However, Shanghai markets went home with strong gains after HSBC said China's manufacturing activity hit a 14-month high this month, another sign the world's number two economy is picking up steam. Japan’s Nikkei gave up some gains and closed lower, as yen’s weakness failed to lift stocks ahead of Sunday's election, moreover, Nikkei was pressurized with the closely watched Japanese business survey came out with the lowest reading since March 2010. While Hong Kong markets went home with green mark after touching a fresh 16-month high.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,150.62

89.15

4.32

Hang Seng

22,605.98

160.40

0.71

Jakarta Composite

4,308.86

-11.33

-0.26

KLSE Composite

1,651.98

-0.77

-0.05

Nikkei 225

9,737.56

-5.17

-0.05

Straits Times

3,168.43

11.88

0.38

KOSPI Composite

1,995.04

-7.73

-0.39

Taiwan Weighted

7,698.77

-58.32

-0.75

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