Asian markets ended mostly higher on Wednesday despite concerns over resurgence in corona-virus cases in the Asian region. Chinese shares settled higher as weak factory activity data raised hopes for more policy support. The manufacturing sector in China declined into contraction in August, the latest survey from Caixin revealed with a manufacturing PMI score of 49.2, down from 50.3 in July. Japanese shares gained amid bets Japanese Prime Minister Yoshihide Suga's manoeuvring might help to diminish potential concerns about the country's political stability. Private report said that Suga intended to dissolve the lower house of parliament in mid-September and was considering holding the general election on October 17. Although, Suga said he had no plans to dissolve the country's lower house because of the severity of the Covid-19 situation.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,567.10 | 23.16 | 0.65 |
Hang Seng | 26,028.29 | 149.30 | 0.58 |
Jakarta Composite | 6,090.93 | -59.37 | -0.97 |
KLSE Composite | 1,586.89 | -14.49 | -0.90 |
Nikkei 225 | 28,451.02 | 361.48 | 1.29 |
Straits Times | 3,087.84 | 32.79 | 1.07 |
KOSPI Composite | 3,207.02 | 7.75 | 0.24 |
Taiwan Weighted | 17,473.99 | -16.30 | -0.09 |
