Asian markets ended higher on Wednesday on renewed hopes of US-China trade deal. Investors kept a close eye on international trade developments after US President Donald Trump warned that he would be ‘tougher’ on Beijing if negotiations extended beyond the 2020 US presidential election and he is re-elected. Chinese shares ended sharply higher after report showed activity in China's service sector expanded at the fastest pace in three months in August, easing some concerns of a slowdown in the world’s second largest economy. Hong Kong shares ended up after reports the embattled leader of Hong Kong, Chief Executive Carrie Lam, will officially withdraw a controversial bill that would have allowed extraditions to China. Japanese shares ended marginally higher as a weak yen and encouraging service sector activity data prompted some late bargain hunting.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,957.41 | 27.26 | 0.93 |
Hang Seng | 26,523.23 | 995.38 | 3.90 |
Jakarta Composite | 6,269.66 | 8.07 | 0.13 |
KLSE Composite | 1,599.89 | 8.37 | 0.53 |
Nikkei 225 | 20,649.14 | 23.98 | 0.12 |
Straits Times | 3,130.57 | 39.94 | 1.29 |
KOSPI Composite | 1,988.53 | 22.84 | 1.16 |
Taiwan Weighted | 10,657.31 | 99.10 | 0.94 |
