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Asian markets end mostly in green on Wednesday

27 Dec 2017 Evaluate

Asian equity markets ended mostly in green on Wednesday, with investors indulging in some selective buying despite a lack of any big catalysts. Higher commodity prices triggered fairly strong buying in mining and energy stocks in the region. Overall, the volume of business was mostly thin across the region. Crude oil prices rose to two-year highs overnight and as iron ore, gold and copper prices also strengthened. Japanese shares ended higher, with a rally in crude prices supporting oil-related shares. Though, Chinese shares ended lower amid signs of slowing economic growth and year-end liquidity tightness. Earnings at China’s industrial firms grew at their slowest pace in seven months in November, official data showed. Separately, growth in wages and hiring slowed at industrial firms, according to a survey by the China Beige Book International (CBB). Meanwhile, benchmark rates in the banking systems kept climbing in signs of liquidity stress.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,275.78

-30.34

-0.92

Hang Seng

29,597.66

19.65

0.07

Jakarta Composite

6,277.17

56.15

0.90

KLSE Composite

1,771.76

11.77

0.67

Nikkei 225

22,911.21

18.52

0.08

Straits Times

3,391.67

13.51

0.40

KOSPI Composite

2,436.67

9.33

0.38

Taiwan Weighted

10,486.67

64.76

0.62

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