Asian markets ended mostly higher on Wednesday as optimism around a swift economic recovery from the Covid-19 pandemic supported the market sentiments. Moreover, easing worries about inflation after US Federal Reserve officials reaffirmed a dovish monetary policy stance also boosting sentiment. Chinese shares ended higher, followed with strong yuan as the Chinese central bank signalled that authorities are comfortable with a recent rally by setting a strong daily reference rate. Moreover, Japanese shares settled up with expectations of progress in mass inoculations against the corona-virus in Japan. Meanwhile, markets in Malaysia, Singapore and Indonesia were closed for Vesak Day.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,593.36 | 12.02 | 0.34 |
Hang Seng | 29,166.01 | 255.15 | 0.88 |
Jakarta Composite | - | - | - |
KLSE Composite | - | - | - |
Nikkei 225 | 28,642.19 | 88.21 | 0.31 |
Straits Times | - | - | - |
KOSPI Composite | 3,168.43 | -2.89 | -0.09 |
Taiwan Weighted | 16,643.69 | 48.02 | 0.29 |
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