Breaking News

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


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 lower on Friday

The US markets ended lower on Friday on account of profit booking after yesterday's strong upward move.  Lingering uncertainty about trade talks between the US and China weighed on the markets......

US markets end higher on Thursday

The US markets ended higher on Thursday as a batch of largely upbeat US data offset economic concerns raised by the Federal Reserve no longer forecasting interest rate hikes this year. The Labor Department......

US markets end mostly lower as trade worries flare up again

The US markets ended mostly lower on Tuesday, on reports that US negotiators are concerned that China is pushing back against American demands. Chinese officials are reportedly indicating that the US has......

Top News

View all news

Infosys to enter into agreement with The House Fund II

Infosys is going to enter into an agreement with The House Fund II, L.P., an AI-focused fund targeting startups from the University of California - Berkeley, committing to invest $10.0 million.......

EID Parry receives approval for investment Rs 70 crore in PSRIPL

EID Parry (INDIA) has received approval for investment upto Rs 70 crore in the equity share capital of Parry Sugars Refinery India (PSRIPL), a wholly owned subsidiary of the Company. The Board of directors......

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

State Bank of India (SBI) has raised Rs 1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising at its meeting held on 22 March 2019 deliberated and accorded......