Stock markets across the Asia-Pacific region closed in the red on Friday after weaker-than-expected economic data from China raised concerns about the state of the world's second largest economy. The Shanghai composite finished down 1.5% at 2,594; the Nikkei 225 plunged 2% to 21,375; the Hang Seng lost 1.6% to 26,095; the Kospi fell 1.3% to 2,069; and the S&P/ASX 200 retreated 1.1% to 5,602. Historically, the China Shanghai Composite Stock Market Index reached an all time high of 6092.06 in October of 2007 and a record low of 99.98 in December of 1990.
The China Shanghai Composite Stock Market Index is expected to trade at 2782.98 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2670.97 in 12 months time.