Asian equity markets ended mostly in green on Wednesday despite a closely watched update from the Federal Reserve on the outlook for the US economy and interest rates. Hong Kong stocks rebounded on Wednesday, underpinned by services and financial firms. Further, South Korea’s KOSPI index rose as reports of South Korea and the US considering delaying joint military drills until after the Pyeongchang Winter Olympics in February helped tourist-reliant companies. Though, Japan’s Nikkei share average ended lower after tech stocks lost ground as they tracked their weaker US counterparts, while Shikoku Electric slumped after a court ruled against the restart of one of its nuclear reactors.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,303.04 | 22.22 | 0.68 |
Hang Seng | 29,222.10 | 428.22 | 1.49 |
Jakarta Composite | 6,054.60 | 22.23 | 0.37 |
KLSE Composite | 1,737.66 | 8.09 | 0.47 |
Nikkei 225 | 22,758.07 | -108.1 | -0.47 |
Straits Times | 3,468.77 | 3.23 | 0.09 |
KOSPI Composite | 2,480.55 | 19.55 | 0.79 |
Taiwan Weighted | 10,470.70 | 27.42 | 0.26 |