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Asian stock markets end mixed on cautious trade

09 May 2013 Evaluate

Asian stock markets ended mixed on Thursday overlooking strong Australian jobs data and a surprise interest rate cut by South Korea but investors remained cautious on concerns that a pick-up in inflation in China will limit its policy options. Japanese market started on a firm note with investors picking up stocks, tracking a positive lead from Wall Street but closed lower on profit booking. Chinese Shanghai Composite went home with red mark as China witnessed increase in inflation to 2.4% in April from 2.1% in March. However, South Korea's KOSPI ended higher after the Bank of Korea surprised investors by lowering its benchmark rate to 2.5% from 2.75%, the first cut in seven months.

Indonesian market remained shut for the trade today.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,232.97

-13.33

-0.59

Hang Seng

23,211.48

-32.87

-0.14

Jakarta Composite

-

-

-

KLSE Composite

 1,766.07

-7.93

-0.45

Nikkei 225

14,191.48

-94.21

-0.66

Straits Times

3,432.78

19.76

0.58

KOSPI Composite

1,979.45

23.00

1.18

Taiwan Weighted

8,285.89

18.80

0.23

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