Asian markets ended in green on Wednesday after various reports pointed to an easing in tensions between the US and China. Reports emerged in the US overnight that China was moving to cut import tariffs on cars made in the US from 40 percent to 15 percent -- that reports boosted auto stocks stateside and in Asia. Reports that Huawei’s chief financial officer Meng Wanzhou was granted bail by Canada also added to the positive sentiment. Chinese shares ended slightly higher on easing trade tensions with the US and hopes of a domestic stimulus package, amid subdued market activity for the second day as investors remained cautious ahead of the year-end.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,602.15 | 8.06 | 0.31 |
Hang Seng | 26,186.71 | 415.04 | 1.61 |
Jakarta Composite | 6,115.58 | 38.99 | 0.64 |
KLSE Composite | 1,663.27 | 10.64 | 0.64 |
Nikkei 225 | 21,602.75 | 454.73 | 2.15 |
Straits Times | 3,099.99 | 40.71 | 1.33 |
KOSPI Composite | 2,082.57 | 29.60 | 1.44 |
Taiwan Weighted | 9,816.45 | 109.41 | 1.13 |
