Asian markets ended higher on Wednesday after European Central Bank President Mario Draghi opened the door to more monetary stimulus and US President Donald Trump announced plans for an ‘extended’ meeting with Chinese leader Xi Jinping at the Group of 20 summit in Japan next week. Investors also waited for the outcome of the FOMC meeting amid increased expectations for dovish remarks. Chinese shares ended higher on expectations of monetary easing in both the United States and Europe. Further, Japanese shares closed up as dovish comments from ECB President Mario Draghi and Trump's upbeat tone on the trade front boosted investors' appetite for risk. Fed rate cut hopes also supported sentiment.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,917.80 | 27.64 | 0.96 |
Hang Seng | 28,202.14 | 703.37 | 2.56 |
Jakarta Composite | 6,339.26 | 81.93 | 1.31 |
KLSE Composite | 1,666.54 | 13.78 | 0.83 |
Nikkei 225 | 21,333.87 | 361.16 | 1.72 |
Straits Times | 3,288.17 | 49.44 | 1.53 |
KOSPI Composite | 2,124.78 | 26.07 | 1.24 |
Taiwan Weighted | 10,775.34 | 208.60 | 1.97 |
