Asian markets end higher on Wednesday

31 Oct 2018 Evaluate

Asian markets ended higher on Wednesday as investors digested a raft of economic data and corporate earnings results. Stocks in China ended higher despite the country reporting lower-than-expected manufacturing growth in October. China's official manufacturing PMI fell to 50.2 in October, the lowest since July 2016 and down from 50.8 in September, in a sign of further loss of momentum in the world's second-largest economy. The services PMI dropped from 54.9 to 53.9, marking the weakest pace of expansion since August 2017. Japanese shares hit a one-week high and the yen edged lower against the dollar after the Bank of Japan left interest rates steady, cut its inflation forecasts and signaled it was a long way off from exiting its massive stimulus program. Investors shrugged off weak data showing that industrial production in the country fell 1.1 percent in September from the previous month, missing expectations for a decline of 0.3 percent. Meanwhile, Hong Kong shares rose following a rebound on Wall Street, but logged their worst monthly loss since January 2016 amid a global equity sell-off triggered by concern over the impact of a Sino-American trade war.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,602.78	34.73	1.33
Hang Seng	24,979.69	394.16	1.58
Jakarta Composite	5,831.65	42.55	0.73
KLSE Composite	1,709.27	23.33	1.38
Nikkei 225	21,920.46	463.17	2.11
Straits Times	3,018.80	52.35	1.73
KOSPI Composite	2,029.69	15.00	0.74
Taiwan Weighted	9,802.13	276.02	2.82

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