Asian markets are exhibiting mixed trend on Friday’s morning trade. The sentiments in the region, however, remain dampened following weak economic data from Europe and moves by China’s government to cool inflation pressures. Shanghai Composite extended its losses amid fears that Beijing will further tighten restrictions aimed at curbing property prices, with Shimao Property Holdings dropping 2 per cent in Hong Kong.
Shanghai Composite slipped 0.42 points or 0.02% to 2,325.53, Hang Seng decreased 62.01 points or 0.27% to 22,844.66, Jakarta Composite dipped 4.59 points or 0.10% to 4,627.81 and Straits Times was down by 6.15 points or 0.19% to 3,281.45.
On the flip side, KLSE Composite rose 1.89 points or 0.12% to 1,615.94, Nikkei 225 added 35.50 points or 0.31% to 11,344.63, KOSPI Composite surged 10.25 points or 0.51% to 2,025.47 and Taiwan Weighted was up by 6.03 points or 0.08% to 7,963.49.
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