MoneyWorks4Me

Asian shares end mostly higher

25 Oct 2012 Evaluate

Asian shares ended mostly higher on Thursday after US Federal Reserve stated that it will keep its loose monetary policy in place until America's economy comes back on track. Even signs of recovery in China and the United States eased some investor’s worries. Hong Kong market closed higher on the back of huge inflows of cash which have pushed the local dollar to the high end of its trading band against the greenback. Meanwhile, Japan Nikkei went home with green mark as Japanese automakers advanced and yen dropped to its lowest level versus the U.S. dollar in four months as investors speculated that the Bank of Japan will expand monetary stimulus next week.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,101.58

-14.41

-0.68

Hang Seng

21,810.23

46.45

0.21

Jakarta Composite

4,339.15

3.78

0.09

KLSE Composite

1,671.89

3.90

0.23

Nikkei 225

9,055.20

100.90

1.13

Straits Times

3,057.51

12.78

0.42

KOSPI Composite

1,924.50

10.54

0.55

Taiwan Weighted

7,262.08

-52.80

-0.72