Asian markets ended mostly lower on Wednesday as investors fretted about Italy's budgetary spending and a controversial clause in the new US-Mexico-Canada trilateral pact put the focus back on the Sino-US tariff dispute. The US-China trade dispute is unlikely to be resolved anytime soon as a provision in the new US-Mexico-Canada trade agreement gives the Trump administration an effective veto over any China trade deal by Canada or Mexico. Japanese shares ended lower as the weak yen trend paused on concerns over Italian finances and automakers skidded after posting weak US sales data. On the economic front, the latest survey from Nikkei revealed that the services sector in Japan continued to expand in September, but at a sharply slower pace, with a two-year low services PMI score of 50.2. That's down from 51.5 in August. Meanwhile, China's financial markets remain closed for the National Day holiday. South Korean markets were also closed for a public holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | 27,091.26 | -35.12 | -0.13 |
Jakarta Composite | 5,867.74 | -7.88 | -0.13 |
KLSE Composite | 1,796.30 | -1.85 | -0.10 |
Nikkei 225 | 24,110.96 | -159.66 | -0.66 |
Straits Times | 3,267.40 | 24.75 | 0.76 |
KOSPI Composite | - | - | - |
Taiwan Weighted | 10,863.94 | -55.69 | -0.51 |
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