Most of the Asian markets closed in green on Wednesday as it went up in the latter part of the day from the bearish zone offsetting some of the earlier losses, due to fall in US indices and concerned about Italy’s financial problem which sparked fresh fear in investors mind. The stocks had plunged to new low after Germany delayed to launch a permanent bailout fund to rescue debt ridden euro zone.
Nikkei fell to two weeks low and Kospi Composite Index continued to lose its market value for fourth consecutive day of trading. While Shanghai Composite ended its day’s trade on a positive note after making loses in two of its consecutive sessions; cement coal and machinery shares made gains on the hopes of government led-investments as China seek to boost its declining economic growth. Hang Seng Index after starting in red, due to slide in US markets adding to worries related to Europe and China will Bank and property developers taking the hit, managed to shut in green.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,175.38 | 10.95 | 0.51 |
Hang Seng | 19,419.87 | 23.51 | 0.12 |
Jakarta Composite | 4,019.13 | 9.46 | 0.24 |
KLSE Composite | 1,629.45 | 5.16 | 0.32 |
Nikkei 225 | 8,851.00 | - 6.73 | -0.08 |
Straits Times | 2,989.31 | 24.69 | 0.83 |
KOSPI Composite | 1,826.39 | -3.06 | -0.17 |
Taiwan Weighted | 7,257.91 | 6.56 | 0.09 |