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Asian markets end mostly in green on Wednesday

27 Jan 2016 Evaluate

Asian equity markets ended mostly higher on Wednesday, with Japanese shares climbing to a near two-week high in the run-up to a BOJ meeting, after Wall Street stocks rose sharply overnight amid a rebound in oil prices, upbeat consumer confidence and home price data as well as better-than-forecast earnings from companies such as Procter & Gamble, Johnson & Johnson, 3M Co. and Coach Inc. Hong Kong shares rebounded, probably helped by modest improvement in other regional markets though investors remained nervous as oil pulled back again and as they waited on a policy decision from the Federal Reserve later in the day. Chinese shares trimmed early losses to end slightly lower, adding to the previous session's steep losses. Worries about economic growth resurfaced after official data showed profits earned by Chinese industrial enterprises declined at a faster pace in December, weighed down by sluggish domestic demand and severe overcapacity across many manufacturing industries. Industrial profits fell an annual 4.7 percent, marking the seventh straight month of declines.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,735.56 -14.23-0.52
Hang Seng19,052.45191.651.02
Jakarta Composite4,583.63 73.161.62
KLSE Composite1,631.544.880.30
Nikkei 22517,163.92455.022.72
Straits Times2,546.18 0.570.02
KOSPI Composite1,897.8726.181.40
Taiwan Weighted7,849.83 21.160.27

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