Asian markets settled mostly lower on Thursday, tracking weak US stocks overnight after minutes from the Federal Reserve's July meeting pointed to interest rates staying higher for longer to control inflation back to its 2 percent target. Chinese and Hong Kong shares declined, with property developers falling sharply after Country Garden Holdings Company warned that first-half earnings probably tumbled by as much as 70 percent amid a severe real estate downturn. Moreover, Japanese stocks fell, driven by weakness in the technology sector.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,277.54 | -14.99 | -0.46 |
Hang Seng | 19,763.91 | -158.54 | -0.80 |
Jakarta Composite | 7,186.56 | 53.11 | 0.74 |
KLSE Composite | 1,516.62 | -1.54 | -0.10 |
Nikkei 225 | 28,942.14 | -280.63 | -0.96 |
Straits Times | 3,273.48 | 10.72 | 0.33 |
KOSPI Composite | 2,508.05 | -8.42 | -0.33 |
Taiwan Weighted | 15,396.76 | -68.69 | -0.44 |
