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Asian markets end mostly lower on Wednesday
Jun-12-2019

Asian markets ended mostly lower on Wednesday amid lingering uncertainties surrounding the US-China trade friction after US President Donald Trump said that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees to four or five ‘major points’ which he did not specify. Chinese shares ended lower after the release of weak factory inflation data and amid concerns over an escalation in the Sino-US trade war. China's consumer price inflation accelerated on food prices in May, while factory gate inflation slowed on weak commodity demand, data from National Bureau of Statistics showed. Consumer prices advanced 2.7 percent year-on-year in May, after gaining 2.5 percent in April. The rate was the fastest in more than a year and came in line with expectations. On the other hand, producer price inflation eased to 0.6 percent in May, as expected, from 0.9 percent in April. The decrease was largely due to the fall in manufactured industrial input prices. Further, Japanese shares ended down amid the yen’s rise slightly against the dollar as investors fretted about a worsening US-China relationship. Investors ignored data showing an unexpected increase in Japan's core machinery orders in April. The total value of core machine orders in Japan advanced a seasonally adjusted 5.2 percent sequentially in April - standing at 913.7 billion yen. That beat forecasts for a drop of 0.8 percent following the 3.8 percent gain in March.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,909.38
-16.34
-0.56

Hang Seng

27,308.46
-480.88
-1.73

Jakarta Composite

6,276.18
-29.81
-0.47

KLSE Composite

1,650.74

-0.46

-0.03

Nikkei 225

21,129.72
-74.56
-0.35

Straits Times

3,207.74
-1.84
-0.06

KOSPI Composite

2,108.75
-3.06
-0.14

Taiwan Weighted

10,615.66
7.90
0.07

 

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