Asian markets ended mostly higher on Thursday, even after two Fed officials said a period of high inflation in the United States could last longer than anticipated. South Korean shares ended higher, led by chip related heavyweights that tracked a record finish on the Nasdaq overnight. Although, Chinese shares ended flat with losses in healthcare companies on concerns over a plunge in drug prices. The Biden administration on Wednesday ordered a ban on US imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co over alleged human rights abuses. Japanese shares also settled flat on cautious sentiments due to uncertainty about domestic corporate earnings.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,566.65 | 0.43 | 0.01 |
Hang Seng | 28,882.46 | 65.39 | 0.23 |
Jakarta Composite | 6,012.06 | -22.48 | -0.37 |
KLSE Composite | 1,555.71 | -9.05 | -0.58 |
Nikkei 225 | 28,875.23 | 0.34 | -- |
Straits Times | 3,119.62 | 1.00 | 0.03 |
KOSPI Composite | 3,286.10 | 9.91 | 0.30 |
Taiwan Weighted | 17,407.96 | 71.25 | 0.41 |
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