Asian equity markets ended mixed on Wednesday, as investors looked to US President-elect Donald Trump's press conference later in the day for clues on his policies. Trump's proposed tax cuts and spending plans could boost US and global growth, while uncertainty about his trade policies adds to the risks, the World Bank said in its latest outlook on the global economy. Japanese shares eked out modest gains as a weaker yen boosted exporters. Meanwhile, Chinese shares ended lower, pressured by an increase in equity supply and as investors took profits on state-owned stocks which had soared on reform hopes.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,136.75 | -24.92 | -0.79 |
Hang Seng | 22,935.35 | 190.50 | 0.84 |
Jakarta Composite | 5,301.24 | -8.69 | -0.16 |
KLSE Composite | 1,675.21 | 3.16 | 0.19 |
Nikkei 225 | 19,364.67 | 63.23 | 0.33 |
Straits Times | 3,000.94 | -5.08 | -0.17 |
KOSPI Composite | 2,075.17 | 30.05 | 1.47 |
Taiwan Weighted | 9,345.74 | -3.90 | -0.04 |