The Asian markets closed mostly in green on Wednesday despite weak overnight cues from Wall Street. Underlying sentiment remained cautious somewhat after yields on US treasury debt hit a four-year high on Tuesday on expectations of a faster pace of interest rate increases from the Federal Reserve. The Federal Reserve will release minutes of its January 30-31 meeting later today, as investors look for further insight on inflation and interest rates. The dollar hit a one-week high versus a basket of major currencies, while oil prices fell ahead of the release of US inventory figures expected to show a rise in crude oil stockpiles in the week to February16. Japanese shares ended the choppy session slightly in green as a weaker yen helped offset flash data from IHS Markit showing the country’s manufacturing activity grew at a slightly slower pace in February. Mainland Chinese markets remained closed for Lunar New Year holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | 31,431.89 | 558.26 | 1.81 |
Jakarta Composite | 6,643.40 | -19.48 | -0.29 |
KLSE Composite | 1,858.17 | 2.18 | 0.12 |
Nikkei 225 | 21,970.81 | 45.71 | 0.21 |
Straits Times | 3,516.23 | 39.70 | 1.14 |
KOSPI Composite | 2,429.65 | 14.53 | 0.60 |
Taiwan Weighted | 10,714.44 | 293.35 | 2.81 |
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