All the Asian equity indices, barring Chinese Shanghai Composite, are trading in the red on Thursday’s on profit booking after much weaker than expected GDP figures from the United States. Japanese Nikkei too remained lower by over half a percent after the country’s industrial production rose less than expectation, suggesting that a recovery in the nation’s manufacturing sector is lagging a weakening yen. Output rose 2.5 percent from November, when it declined 1.4 percent. However, it fell short the street expectation of 4.1 percent gain. The production fell 7.8 percent from the previous year.
Hang Seng lost 123.87 points or 0.52% to 23,698.19, Jakarta Composite declined 8.65 points or 0.19% to 4,444.32, KLSE Composite slipped 1.40 points or 0.09% to 1,626.33, Nikkei 225 dropped 81.32 points or 0.73% to 11,032.63, Straits Times dipped 3.73 points or 0.11% to 3,282.17, KOSPI Composite decreased 6.63 points or 0.34% to 1,957.80 and Taiwan Weighted was down by 8.92 points or 0.11% to 7,824.06.
Shanghai Composite was up by 2.40 points or 0.10% to 2,384.87.
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