Reversing their initial rally, most of the Asian equity indices shut shop in the negative terrain as the strong performance in the United States was slightly overshadowed by disappointing economic data from China. The soft Chinese industrial production and retail sales figures stoked some concerns that the recent pick-up in the country’s growth rate may have stalled. In addition, higher-than-expected inflation of 3.2 percent in February raised questions about the government's ability to do more to shore up the world's second-largest economy.
Jakarta Composite remained shut for the trade today.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,286.60 | -23.99 | -1.04 |
Hang Seng | 22,890.60 | -200.22 | -0.87 |
Jakarta Composite | -- | -- | -- |
KLSE Composite | 1,656.54 | -1.42 | -0.09 |
Nikkei 225 | 12,314.81 | -34.24 | -0.28 |
Straits Times | 3,303.02 | 10.05 | 0.31 |
KOSPI Composite | 1,993.34 | -10.01 | -0.50 |
Taiwan Weighted | 7,994.71 | -44.01 | -0.55 |
