Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets end mostly lower on Friday

29-Jul2016

Asian markets end mostly lower on Friday

Asian equity markets ended mostly lower on Friday on the back of Bank of Japan's disappointment and the oil price downturn, with US crude futures falling further towards the $40 mark in Asian trade on concerns over a supply glut and waning demand from key international markets. The safe-haven Japanese yen soared after the Bank of Japan's fresh stimulus measures disappointed markets. Bank of Japan raised the target for exchange-traded fund purchases and doubled its dollar lending program, but kept its interest rate and the pace of monetary base expansion unchanged. The central bank also downgraded its projections for inflation and growth for fiscal 2016. Chinese shares closed lower on worries that regulatory changes are coming to restrict investments by small banks in the rapidly growing $3.5 trillion wealth management product industry. However, Japanese shares themselves rose in volatile trade, with banks and insurers pacing gainers, after the central bank refrained from expanding negative interest rates and ensured smooth funding in foreign currencies.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

2,979.34 -14.98-0.50

Hang Seng

21,891.37 -282.97-1.28

Jakarta Composite

5,215.99 -83.22-1.57

KLSE Composite

1,653.26 -5.24-0.32

Nikkei 225

16,569.27 92.430.56

Straits Times

2,868.69 -49.93-1.71

KOSPI Composite

2,016.19 -4.91-0.24

Taiwan Weighted

8,984.41 -92.23-1.02

Related News

View all news

US markets end higher after Trump says China trade talks to continue

The US markets ended higher on Friday after key negotiators cast a positive glow on trade talks. US Secretary of Treasury Steven Mnuchin indicated that bilateral talks were constructive even though an......

US markets lower after US President claims China broke the deal

The US markets ended lower on Thursday as trade tensions ramped up after US President Donald Trump threatened tariff retaliation on China, which he claims broke the deal. Anxiety over the prospect of a......

US markets end mostly lower on Wednesday

The US markets ended mostly lower on Wednesday as worries over US-China trade talks lingered. A notice in the Federal Register formally laid the groundwork to raise tariffs on $200 billion of Chinese imports......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......