Asian markets settled mostly lower on Thursday following a massive sell-off on Wall Street overnight amid growing worries of an economic slowdown. Meanwhile, missed earnings expectations of US retail giants such as Target Corp and Walmart Inc by wide margins, added to fears of a recession. Japanese shares declined as Japan’s April exports growth data fell short of expectations. However, Chinese shares ended with marginal gains amid signs of easing Covid-19 restrictions in the world’s second largest economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,096.96 | 10.98 | 0.36 |
Hang Seng | 20,120.68 | -523.60 | -2.54 |
Jakarta Composite | 6,823.34 | 29.93 | 0.44 |
KLSE Composite | 1,549.41 | -5.50 | -0.35 |
Nikkei 225 | 26,402.84 | -508.36 | -1.89 |
Straits Times | 3,190.71 | -34.64 | -1.07 |
KOSPI Composite | 2,592.34 | -33.64 | -1.28 |
Taiwan Weighted | 16,020.32 | -276.54 | -1.70 |