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Asian markets end mostly lower on Wednesday

05 Oct 2016 Evaluate

Asian equity markets ended mostly lower on Wednesday, as hawkish comments from Federal Reserve officials and speculation that the European Central Bank may start unwinding its quantitative easing program offset gains by energy companies.  On Tuesday, Richmond Fed President Jeffrey Lacker said there was a strong case for raising interest rates, while on Wednesday, in a speech in New Zealand, Chicago Fed President Charles Evans said he would be ‘fine’ with hiking rates by year-end if the data remained supportive. Japanese shares closed higher on a weaker yen. Investors shrugged off the Nikkei services PMI report, which showed that Japan's services sector activity contracted at the fastest pace since April 2014 in September. Hong Kong stocks posted modest gains in thin trading, lifted by energy shares with an overnight surge in oil prices and helped by some short covering. Markets in mainland China remain closed all week.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

-

-

-

Hang Seng

23,788.31

98.87

0.42

Jakarta Composite

5,420.65

-51.67

-0.94

KLSE Composite

1,662.92

1.67

0.10

Nikkei 225

16,819.24

83.59

0.50

Straits Times

2,881.79

-2.85

-0.10

KOSPI Composite

2,053.00

-1.86

-0.09

Taiwan Weighted

9,272.28

-15.49

-0.17

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