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MoneyWorks4Me

Asian markets end mixed on Wednesday

11 May 2016 Evaluate

Asian equity markets ended mixed on Wednesday despite positive overnight cues from Wall Street and Europe. China stocks closed modestly higher after recent steep losses as the country's Cabinet approved measures to reverse an export decline. Japanese shares ended marginally higher but pared earlier gains as the yen firmed against the dollar, obscuring the profit outlook for exporters. However, Hong Kong shares fell as investors waited for more clues on whether a recent pick-up in China's economy was just a seasonal blip or something more sustainable.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,837.04 4.450.16
Hang Seng20,055.29 -187.39-0.93
Jakarta Composite4,799.96 36.850.77
KLSE Composite1,644.58 8.740.53
Nikkei 22516,579.01 13.820.08
Straits Times2,732.87 -8.28-0.30
KOSPI Composite1,980.10 -2.40-0.12
Taiwan Weighted8,135.56 -20.73-0.25