Asian markets settled mostly lower on Friday, tracking losses in Wall Street overnight. Persisting worries about a global economic slowdown amid hiking rates also pressurising market sentiments. Meanwhile, investors are awaiting Federal Reserve’s meeting next week, where another 75-basis-point rise is widely expected to tame the rising pressure. Although, data showed that US retail sales unexpectedly rebounded in August, while another set showed the number of people filing new claims for unemployment benefits fell to the lowest level in more than three months. Chinese shares declined even as China’s industrial production and retail sales figures for August beats expectations.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,126.40 | -73.52 | -2.30 |
Hang Seng | 18,761.69 | -168.69 | -0.89 |
Jakarta Composite | 7,168.87 | -136.73 | -1.87 |
KLSE Composite | 1,467.31 | -1.13 | -0.08 |
Nikkei 225 | 27,567.65 | -308.26 | -1.11 |
Straits Times | 3,268.29 | 0.31 | 0.01 |
KOSPI Composite | 2,382.78 | -19.05 | -0.79 |
Taiwan Weighted | 14,561.76 | -108.28 | -0.74 |
