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Most Asian markets end lower

Date: 18-07-2012

Most of the Asian markets went home on negative note amid gloomy outlook by U.S. Federal Reserve Chairman Ben Bernanke trumped hopes for further monetary stimulus. Meanwhile, Asian tech sector also was under pressure as top chipmaker Intel Corp reduced its growth forecast, considering feeble global economy conditions and lack of consumer interest are dampening personal computer sales. However, Chinese shares ended lower by property plays after data showing another year-on-year dip in home prices spurred profit-taking in one of this year's biggest outperformers in Asia.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,169.10

7.91

0.37

Hang Seng

19,239.88

-215.45

-1.11

Jakarta Composite

4,081.64

0.96

0.02

KLSE Composite

1,645.00

5.85 

0.36

Nikkei 225

8,726.74

-28.26

-0.32

Straits Times

3,017.21

2.41

0.08

KOSPI Composite

1,794.91

-27.05

-1.48

Taiwan Weighted

7,049.05

-77.95

-1.09