All the Asian markets closed in red on Wednesday. China’s central bank said its prudent and neutral monetary policy will remain unchanged after it cuts the cash banks must hold as reserves on Wednesday, a move allowing lenders to pay back loans obtained via its medium-term lending facility. The People’s Bank of China said there will be no change in overall liquidity, and the cut in bank reserves will help improve the liquidity structure of the financial system. South Korea’s finance minister said that the government is closely watching currency markets as the won and other emerging currencies are weakening against the US dollar.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,117.97 | -10.95 | -0.35 |
Hang Seng | 30,328.15 | -308.09 | -1.01 |
Jakarta Composite | 6,073.02 | -156.62 | -2.51 |
KLSE Composite | 1,851.93 | -13.41 | -0.72 |
Nikkei 225 | 22,215.32 | -62.8 | -0.28 |
Straits Times | 3,568.01 | -16.55 | -0.46 |
KOSPI Composite | 2,448.81 | -15.33 | -0.62 |
Taiwan Weighted | 10,559.97 | -19.53 | -0.18 |
