Asian markets ended mixed on Wednesday ahead of Federal Reserve Chair Jerome Powell's highly anticipated speech at the annual Jackson Hole symposium later this week, which could reveal the next steps for monetary policy. Chinese shares ended down, despite optimism around trade negotiations between Beijing and Washington. Japanese shares ended unchanged due to concerns for the health of Japanese Prime Minister Shinzo Abe, while a weaker yen and renewed hopes for corona virus treatment supported sentiment. Seoul shares ended marginally higher even after increasing new corona virus cases in the country.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,329.74 | -43.84 | -1.30 |
Hang Seng | 25,491.79 | 5.57 | 0.02 |
Jakarta Composite | 5,340.33 | 1.44 | 0.03 |
KLSE Composite | 1,549.58 | -5.38 | -0.35 |
Nikkei 225 | 23,290.86 | -5.91 | -0.03 |
Straits Times | 2,542.08 | -16.95 | -0.66 |
KOSPI Composite | 2,369.32 | 2.59 | 0.11 |
Taiwan Weighted | 12,833.29 | 75.04 | 0.59 |
