Asian markets ended mostly in green on Wednesday, with Chinese shares rallying amid optimism for next week’s exchange link with Hong Kong. Hong Kong is scrapping a daily limit on the amount of yuan residents can buy, helping reinforce its dominance as an offshore trading center for Chinese assets as Shanghai’s stock market opens to the city’s investors. Japanese stocks scaled seven-year highs on Wednesday, putting the rest of Asia in the shade, buoyed by expectations Prime Minister Shinzo Abe will postpone a planned sales tax hike to avoid damaging a fragile economic recovery. Abe stated that he will make up his mind on the tax increase after assessing the July-September GDP data due next Monday, widely expected to highlight the fragility of the rebound following a sharp contraction in the second quarter. The first increase in the two-stage sale tax hike in April knocked the Japanese economy hard, and markets view a delay in the second-phase of the tax hike as positive for growth. Japanese tertiary industry activity index rose to a seasonally adjusted 1.0%, from -0.1% in the preceding month while Japan’s M2 Money Stock rose to a seasonally adjusted 3.2%, from 3.0% in the preceding month. South Korean Unemployment Rate remained unchanged at a seasonally adjusted annual rate of 3.5% compared to the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2494.48 | 24.80 | 1.00 |
Hang Seng | 23,938.18 | 129.90 | 0.55 |
Jakarta Composite | 5048.84 | 16.56 | 0.33 |
KLSE Composite | 1816.24 | -8.87 | -0.49 |
Nikkei 225 | 17197.05 | 72.94 | 0.43 |
Straits Times | 3283.71 | -8.44 | -0.26 |
KOSPI Composite | 1967.27 | 4.27 | 0.22 |
Taiwan Weighted | 8918.95 | -115.19 | -1.28 |
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: