Asian equity markets ended higher on Thursday on expectations that the US threats to expand tariff hikes is bluff and bluster and trade agreements will ultimately be reached. Oil steadied after going into free fall on Wednesday amid supply concerns and the yen weakened ahead of US consumer price inflation due tonight, while gold held steady near one-week low. Chinese stocks rose as state media sought to downplay recent market turbulence and the central bank set a stronger daily currency fixing than traders had expected. Further, Japanese shares recovered from sharp losses in the previous session after the dollar hit a six-month high against the yen on the back of strong producer price inflation data released overnight.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,838.30 | 60.53 | 2.13 |
Hang Seng | 28,480.83 | 169.14 | 0.59 |
Jakarta Composite | 5,907.87 | 14.51 | 0.25 |
KLSE Composite | 1,703.57 | 14.80 | 0.88 |
Nikkei 225 | 22,187.96 | 255.75 | 1.15 |
Straits Times | 3,253.01 | 3.93 | 0.12 |
KOSPI Composite | 2,285.06 | 4.44 | 0.19 |
Taiwan Weighted | 10,738.38 | 61.54 | 0.57 |
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