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Asian equity markets ended mostly lower; Japan outshines peers

31 May 2013 Evaluate

Asian equity markets ended mostly lower as investors remained nervous over whether the US Federal Reserve might soon taper off the stimulus programme that has helped send Wall Street soaring. However, Japan's Nikkei outshined its Asian peers and closed with strong gains, after earlier session’s massive fall as exporters took a hit from the dollar's fall against the yen. Hong Kong markets went home with red mark as investors took profit on outperformers. China’s stocks ended lower, paring the benchmark index’s biggest monthly gain this year, ahead of economic data over the weekend.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,300.59

-17.15

-0.74

Hang Seng

22,392.16

-92.15

-0.41

Jakarta Composite

5,068.63

-61.02

-1.19

KLSE Composite

1,769.22

-5.70

-0.32

Nikkei 225

13,774.54

185.51

1.37

Straits Times

3,311.37

-24.64

-0.74

KOSPI Composite

2,001.05

0.95

0.05

Taiwan Weighted

8,254.80

11.51

0.14