Asian markets closed lower on Bernanke’s comment, China PMI

23 May 2013 Evaluate

Asian markets closed the shutter on a weak note on Thursday after hawkish comments by US Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity. Japan’s Nikkei plummeted and went home with red mark after a spike in government bond yields. China's shares ended lower as HSBC's preliminary manufacturing purchasing managers’ index fell to 49.6 in May--a seven-month low--compared with the final reading of 50.4 in April. Hong Kong stocks ended in negative territory amid losses in banks and property stocks.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,275.67	-26.74	-1.16
Hang Seng	22,669.68	-591.40	-2.54
Jakarta Composite	5,121.40	-86.60	-1.66
KLSE Composite	1,773.06	-10.82	-0.61
Nikkei 225	14,483.98	-1,143.28	-7.32
Straits Times	3,393.17	-61.20	-1.77
KOSPI Composite	1,969.19	-24.64	-1.24
Taiwan Weighted	8,237.83	-161.01	-1.92

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