Asian stocks closed mostly in green on Wednesday, trading in a narrow range after overnight gains following conciliatory comments on trade by Chinese President Xi Jinping. Xi's pledge to cut tariffs on imported cars and improve intellectual property protection was seen as a step toward easing trade tensions. Hong Kong stocks rose for the fourth session, as China’s pledge to open its financial sector further gave additional relief to investors after President Xi Jinping’s commitment to reform on Tuesday eased fears of a Sino-US trade war. Though, Japanese shares fell for the first time in three sessions amid reports that US President Donald Trump is considering more aggressive strike in Syria within the next 48 hours.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,208.08 | 17.76 | 0.56 |
Hang Seng | 30,897.71 | 168.97 | 0.55 |
Jakarta Composite | 6,360.93 | 35.11 | 0.56 |
KLSE Composite | 1,869.89 | 8.91 | 0.48 |
Nikkei 225 | -21,687.10 | -107.22 | -0.49 |
Straits Times | 3,479.76 | 13.38 | 0.39 |
KOSPI Composite | -2,444.22 | -6.52 | -0.27 |
Taiwan Weighted | 10,974.02 | 46.84 | 0.43 |
