Thursday, 28 May 2015

ASIAN MARKET UPDATE

The slide in China forced Asian markets off earlier gains, with the MSCI's broadest index of Asia-Pacific shares outside Japan flat. It shed more than 1 percent on Thursday. South Korean share gained 0.4 percent and Australian stocks rose 1.2 percent. Japan's Nikkei was flat. In choppy trade, the Shanghai Composite Index was down 3.9 percent after diving nearly 7 percent on Thursday, when investors dumped stocks after more brokers tightened margin trading requirements and the central bank drained money to reduce flush liquidity in the financial system.

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