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

All Asian markets trade in green in early deals on Friday

All of the Asian markets are trading in green in early deals on Friday, following the record highs overnight on Wall Street's S&P 500, while the US dollar weakened as worries about trade tensions......

US markets end significantly higher on Thursday

The US markets ended significantly in green terrain on Thursday, as traders continued to shrug off concerns about the escalating trade dispute between the U.S. and China. Traders also took some encouragement......

Asian markets trade mostly in green on Thursday

Most of the Asian markets are trading in green on Thursday, following the mostly positive cues overnight from Wall Street as investors set aside concerns over a full-blown global trade war between US and......

Top News

View all news

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......

TCS features as leader in Everest Group PEAK Matrix for F&A Digital Augmentation Suite

Tata Consultancy Services (TCS) has been positioned as a leader in the Everest Group PEAK Matrix for Finance and Accounting (F&A) Digital Augmentation Suite (DAS).Cited as a strength is the company's......

Infosys enters into exclusive partnership with Trinity College

Infosys has entered into an exclusive partnership with Trinity College to create new educational programs that prepare liberal arts students and Infosys employees for the digital workplace of the future.......