Asian markets ended mostly lower on Wednesday as concerns grew about the US-China trade war sapping economic growth around the world. US lawmakers called for an impeachment inquiry into President Donald Trump, increasing the prospects of prolonged political uncertainty in the world's largest economy. Japanese shares ended lower as the safe-haven yen strengthened against the dollar on worries about escalating trade dispute and political uncertainty in the United States after the launch of a formal impeachment inquiry against President Donald Trump. Further, Chinese shares closed down after US President Donald Trump delivered a stinging rebuke to China's trade practices on Tuesday at the United Nations General Assembly and said he would not accept a ‘bad deal’ in trade talks with the country.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,955.43 | -29.91 | -1.00 |
Hang Seng | 25,945.35 | -335.65 | -1.28 |
Jakarta Composite | 6,146.40 | 8.79 | 0.14 |
KLSE Composite | 1,589.58 | -2.75 | -0.17 |
Nikkei 225 | 22,020.15 | -78.69 | -0.36 |
Straits Times | 3,125.82 | -29.64 | -0.94 |
KOSPI Composite | 2,073.39 | -27.65 | -1.32 |
Taiwan Weighted | 10,873.69 | -44.32 | -0.41 |
