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Asian markets close mostly in green on Wednesday

14 Feb 2018 Evaluate

Asian stocks closed mostly in green on Wednesday after slightly firmer lead from Wall Street, which recorded a third consecutive day of gains. Meanwhile, investors awaited the release of US inflation data due later in the day, which may provide further clues on interest-rate changes in the world's largest economy. It is feared that a spike in inflation on the back of a tightening labor market and increased government spending may push Treasury yields higher once again and send equities spiraling lower. Chinese stocks eked out modest gains in thin trade as many traders had already left for the week-long Lunar New Year holiday that starts on Thursday. Though, Japanese shares hit a four-month low as the dollar slid to a 15-month low against the yen and data showed the country's GDP grew at a slower than expected 0.5 percent annual pace in the fourth quarter, marking the eighth straight quarter of expansion.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,199.16

14.20

0.45

Hang Seng

30,515.60

676.07

2.27

Jakarta Composite

6,594.40

16.22

0.25

KLSE Composite

1,834.93

1.91

0.10

Nikkei 225

21,154.17

-90.51

-0.43

Straits Times

3,402.86

-12.21

-0.36

KOSPI Composite

2,421.83

26.64

1.11

Taiwan Weighted

-

-

-

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