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Asian markets close mostly lower

Asian markets close mostly lower
Asia markets closed mostly lower after a lacklustre trade on Friday as the euro traded near its two-year highs in previous trading session.
Euro appreciated on the back of comments from the chief of the European Central Bank (ECB) and the Australian dollar plunged.
The Nikkei 225 slid 0.22%, or 44.84 points, to end at 20,099.75. South Korea’s benchmark KOSPI erased earlier losses to close up by 0.34%, or 8.22 points, at 2,450.06. Hong Kong’s Hang Seng index declined by 0.16% to close at 26,706 level.

The ECB held the benchmark interest rates steady on Thursday. The central bank’s president, Mario Draghi, said at a conference later in the day that discussions about potential changes to the central bank’s quantitative easing (QE) program should take place in the fall. No fixed time frame was set for when those discussions would begin, reported leading news agency.