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Asian markets end mostly in green on Wednesday

30 Nov 2016 Evaluate

Most of the Asian markets made a positive closing on Wednesday as upbeat US data and a weak yen boosted investor sentiment. US data showed stronger-than-expected third quarter growth, higher housing prices in September and a sharp rebound in consumer confidence in November. Japanese shares ended on a flat note as investors digested a slew of data and waited for cues from the OPEC meeting and the weekend's Italian constitutional referendum. Investors are awaiting news later Wednesday on the prospect of a production cut by the Organization of the Petroleum Exporting Countries. Iran’s oil minister said that he believed the cartel would reach a production deal, but that an immediate freeze of his country’s output wasn’t on the agenda. Japan's industrial output grew for a third consecutive month in October, preliminary data showed today but the government left its basic assessment intact, saying production is increasing at a moderate pace. Other reports on automobile production, housing starts and small business confidence painted a mixed picture of the economy. Meanwhile, Chinese shares ended lower on worries about liquidity and increased regulation as Beijing steps up efforts to support a sliding Yuan.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,250.03

-32.89

-1.00

Hang Seng

22,789.77

52.70

0.23

Jakarta Composite

5,148.91

12.24

0.24

KLSE Composite

1,619.12

-7.81

-0.48

Nikkei 225

18,308.48

1.44

0.01

Straits Times

2,904.02

24.88

0.86

KOSPI Composite

1,983.48

5.09

0.26

Taiwan Weighted

9,240.71

48.33

0.53

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