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Asian markets made a mixed closing on Wednesday

22 Apr 2015 Evaluate

The Asian markets made a mixed closing on Wednesday and traders in the region remained concerned about the cash-strapped Greece which may default on its debt, with any positive solution looking remote since the Germans refused to release additional bailout funds without a credible reform plan from Greece. However, the Tokyo and Shanghai markets showed good upmove with Chinese stocks ending with gains of over 2 percent to a new seven-year peak. Japan’s Nikkei too rose 1 percent to a high not seen since April 2000, after country’s March trade data showed a surplus of Yen 229.3 billion, the first surplus in 33 months. Exports rose 8.5%, matching expectations and imports declined 14.5%, more than the 12.8% fall seen. Hong Kong shares also rose while South Korean, Australian, Malaysian and Indonesian stocks fell.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

4,398.49

104.8

2.44

Hang Seng

27,933.85

        83.36     

0.30

Jakarta Composite

5,437.12

 -23.45

-0.43

KLSE Composite

1,854.77

-8.03

-0.43

Nikkei 225

20,133.90

224.81

1.13

Straits Times

3,490.72

-17.89

-0.35

KOSPI Composite

2,143.89

-0.90

-0.04

Taiwan Weighted

9,613.00

79.02

0.83

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