Most of the Asian markets ended higher on Wednesday, with resource and financial-sector stocks underpinning the gains after a strong performance for global equities and commodities a day earlier. Overall market sentiment remained cautious about the prospects of Europe extricating itself from its deep-rooted debt problems any time soon. Meanwhile, Nikkei edged higher, taking comfort from a rise on Wall Street, though the debt turmoil in the euro zone capped gains. However, South Korean stocks ended lower, dragged down by computer-driven programme selling a day before options expiry. Chinese stocks declined for the first time in four trading days, as coal miners returned some of this week’s advances on profit-taking.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,276.05 | -9.70 | -0.42 |
Hang Seng | 19,151.94 | 147.66 | 0.78 |
Jakarta Composite | 3,909.64 | -29.20 | -0.74 |
Nikkei 225 | 8,447.88 | 25.62 | 0.30 |
Straits Times | 2,747.13 | 27.30 | 1.00 |
Seoul Composite | 1,845.55 | -7.67 | -0.41 |
Taiwan Weighted | 7,188.21 | 9.34 | 0.13 |
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