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MoneyWorks4Me

Asian markets end broadly higher on Fed hopes

12 Sep 2012 Evaluate

Asian stock markets ended broadly higher on Wednesday ahead of the U.S. Federal Reserve's policy meeting later today and German Constitutional Court ruling.  Investors remained bullish since the start of trade and optimism was sustained in the entire session. Japan's Nikkei share rallied, as better-than-expected core machinery orders data for July outweighed the yen's continued strength against the dollar. With sustained buying in blue chip stocks, the BSE benchmark Sensex surpassed the psychological 18,000 mark. Hang Seng index ended firm, extending gains for a fifth consecutive session, lifted by commodity stocks and property developers, however KLSE Composite edged down marginally.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,126.55

6.00

0.28

Hang Seng

20,075.39

217.51

1.10 

Jakarta Composite

4,174.10

18.74

0.45

KLSE Composite

1,613.78

-0.46

-0.03

Nikkei 225

8,959.96

152.58

1.73

Straits Times

3,029.66

13.26

0.44

KOSPI Composite

1,950.03

30.03

1.56

Taiwan Weighted

7,570.45

85.32

1.14