Most of the Asian markets finished in red on Thursday, as the hawkish interest rate outlook to tackle inflation spurred fears about global economic slowdown. Moreover, lingering war in Ukraine, foreign demand dwindling, peaking energy crisis and China's COVID curbs also dampened the investor sentiments. Japan’s Nikkei tumbled marking sharpest dip in a month with the bearish global indices and on woes over depreciation of local currency to a 24-year low level. Hang Seng settled lower for the fourth consecutive session. Shanghai also finished in red amid dismal Chinese manufacturing data, and as official PMI figures pointed to a further slowdown in the Chinese economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,184.98 | -17.16 | -0.54 |
Hang Seng | 19,597.31 | -357.08 | -1.79 |
Jakarta Composite | 7,153.10 | -25.49 | -0.36 |
KLSE Composite | 1,491.95 | -20.10 | -1.33 |
Nikkei 225 | 27,661.47 | -430.06 | -1.53 |
Straits Times | 3,224.08 | 2.41 | 0.07 |
KOSPI Composite | 2,415.61 | -56.44 | -2.28 |
Taiwan Weighted | 14,801.86 | -293.58 | -1.94 |
