Asian equity markets made a mixed closing on Wednesday as China's ruling Communist Party began its week-long once-in-a-five-year Congress and a survey showed Japanese Prime Minister Shinzo Abe's coalition is on track for a roughly two-thirds majority in Sunday's general election. Chinese shares firmed up after President Xi Jinping conveyed a positive view of the economy, but made a rare acknowledgement of grim challenges facing the country. Japanese shares closed higher for a 12th day in a row, getting a lift from hopes that this weekend’s election will produce political stability and continuation of loose monetary policy. Meanwhile, markets in Malaysia and Singapore were closed for Deepavali.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,381.79 | 9.75 | 0.29 |
Hang Seng | 28,711.76 | 14.27 | 0.05 |
Jakarta Composite | 5,929.20 | -18.13 | -0.30 |
KLSE Composite | - | - | - |
Nikkei 225 | 21,363.05 | 26.93 | 0.13 |
Straits Times | - | - | - |
KOSPI Composite | 2,482.91 | -1.46 | -0.06 |
Taiwan Weighted | 10,720.28 | -2.87 | -0.03 |