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Asian markets end mostly in green on Wednesday
May-15-2019

Asian markets ended mostly in green on Wednesday after US President downplayed the scope of the trade war with China and said dialogues would continue. Sentiment was also boosted by hopes of Beijing unveiling more stimulus measures. Chinese shares ended higher as weak data reinforced expectations that the government will launch stimulus measures to support the economy. China's industrial production and retail sales growth eased more-than-expected in April, suggesting weak economic activity at the start of second quarter. Industrial production advanced 5.4 percent year-on-year in April, following March's 8.5 percent increase. The growth rate was forecast to slow moderately to 6.5 percent. Likewise, annual growth in retail sales eased to 7.2 percent from 8.7 percent a month ago. Sales were expected to expand 8.6 percent. Further, Japanese shares ended higher on expectations that Beijing will boost stimulus spending and bank lending to boost slowing growth.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,938.68
55.07
1.91

Hang Seng

28,268.71
146.69
0.52

Jakarta Composite

5,980.88
-90.32
-1.49

KLSE Composite

1,611.43

12.24

0.77

Nikkei 225

21,188.56
121.33
0.58

Straits Times

3,218.77
-4.94
-0.15

KOSPI Composite

2,092.78
10.94
0.53

Taiwan Weighted

10,560.71
41.46
0.39
 

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