Asian markets ended the Wednesday’s trade mixed as investors remained concerned over Iraq turmoil. Sentiments remained dampened after Brent crude surged above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country’s biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking worries about exports from the key oil producer. Investors were also focused on the Federal Reserve's two-day monetary policy meeting that ends tonight, with economists expecting another $10 billion cut in the pace of monthly bond purchases to $35 billion.
Moreover, the Chinese market ended with a cut of over half a percent after country’s house prices fell in 35 cities in May. However, Japanese Nikkei edged higher by around a percent as the yen weakened on strong U.S. consumer prices data. On the economic front, Japanese merchandise trade deficit narrowed to 908.963 billion yen in May, down 8.3 percent from a year earlier and beating expectations for a shortfall of 1,189.3 billion yen as exports and imports both declined.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2055.52 | -11.18 | -0.54 |
Hang Seng | 23181.72 | -21.87 | -0.09 |
Jakarta Composite | 4887.86 | -21.66 | -0.44 |
KLSE Composite | 1876.58 | 1.98 | 0.11 |
Nikkei 225 | 15115..80 | 139.83 | 0.93 |
Straits Times | 3276.80 | 2.36 | 0.07 |
KOSPI Composite | 1989.49 | -12.06 | -0.60 |
Taiwan Weighted | 9279.93 | 39.33 | 0.43 |
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