Asian markets ended mixed on Wednesday, with cautious trading due to the escalating US-China trade tensions. Meanwhile, China's central bank took steps Tuesday to stabilize the yuan, which boosted markets after Monday's big sell-off. But today the People's Bank of China once again cut the yuan's daily reference rate, which is a ‘band’ it sets every day to curb how far up or down the yuan's value can move. The rate was set to 6.9996 yuan per one US dollar, the lowest since May 2008. Japanese shares ended lower on worries that a stronger yen will put more pressure on its struggling exporters.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,768.68 | -8.88 | -0.32 |
Hang Seng | 25,997.03 | 20.79 | 0.08 |
Jakarta Composite | 6,204.20 | 84.73 | 1.38 |
KLSE Composite | 1,604.70 | -7.09 | -0.44 |
Nikkei 225 | 20,516.56 | -68.75 | -0.33 |
Straits Times | 3,184.69 | 14.22 | 0.45 |
KOSPI Composite | 1,909.71 | -7.79 | -0.41 |
Taiwan Weighted | 10,386.18 | -8.57 | -0.08 |
