Asian equity markets ended mixed on Wednesday, as investors digested a slew of regional data and looked ahead to cues from the US Federal Reserve meeting for any indications on interest rates. Underlying sentiment remained cautious somewhat in the wake of falling oil prices, rising bond yields and US President Donald Trump’s tough rhetoric on immigration and North Korea during his first State of the Union address. Chinese shares ended lower after a government report showed activity in China’s vast manufacturing sector expanded at a slower pace in January. The official PMI slipped to 51.3 from December’s 51.6. Growth in the services sector picked up pace, with the corresponding PMI rising to 55.3 from 55 in December. Further, Japanese shares fell for the sixth straight session, as the yen rose against the dollar on concerns over political wrangling on US immigration policy. Investors largely ignored positive readings on the country's industrial production and consumer confidence. Meanwhile, the Malaysian market was closed for Thaipusam.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,480.83 | -7.18 | -0.21 |
Hang Seng | 32,887.27 | 279.98 | 0.86 |
Jakarta Composite | 6,605.63 | 30.14 | 0.46 |
KLSE Composite | - | - | - |
Nikkei 225 | 23,098.29 | -193.68 | -0.83 |
Straits Times | 3,533.99 | -14.75 | -0.42 |
KOSPI Composite | 2,566.46 | -1.28 | -0.05 |
Taiwan Weighted | 11,103.79 | 27.01 | 0.24 |
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