Tokyo lost 0.4 per cent and Seoul retreated more than one per cent while Taipei, Singapore and Manila were also in the red. — AFP pic
The mood in Asia was more downbeat compared with earlier in the week with Bloomberg News reporting China had fired four ballistic missiles as part of a military exercise by the People’s Liberation Army, a day after a US spy plane carried out a flyover. The US Commerce Department said the firms “enabled China to construct and militarise disputed outposts in the South China Sea”.
But Shanghai, Mumbai and Bangkok were up 0.6 per cent, Sydney added 0.2 per cent and Jakarta edged 0.1 per cent higher.Wellington trade was halted in the morning after the exchange was hit by a third cyber attack in as many days, forcing operator NZX to carry out a probe.
“There is some speculation that could well explore or hint at a new policy of average inflation targeting,” said Michael Hewson at CMC Markets.
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