Asian markets end mostly in the red on weak global cues
Asian equity markets finished mostly in the negative terrain on the last trading day of the week as investors lost their confidence tracking weak global cues. Japan???s unemployment rate increased to its seven-month high of 5.3% in June as compared to 5.2% in the earlier month while the market sentiments were also weighed down by lesser-than-expected fall in US jobless claim data.
Shanghai Composite declined 10.61 points or 0.40% to 2,637.50, Hang Seng dipped 64.01 points or 0.30% to 21,029.81, Jakarta Composite dropped 27.54 points or 0.89% to 3,069.28, Nikkei 225 tumbled 158.72 points or 1.64% to 9,537.30, Straits Times fell 9.95 points or 0.33% to 2,987.70, Seoul Composite was down 11.55 points or 0.65% to 1,759.33 and Taiwan Weighted shed 38.36 points or 0.49% to 7,760.63.
On the flip side, KLSE Composite advanced 2.51 points or 0.18% to 1,360.92.
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