Asian markets ended mostly higher on Thursday tracking Wall Street gains overnight after the much-anticipated policy announcements by the US Federal Reserve. US Fed Chair Jerome Powell hinted that tapering could occur as soon as in November or end in mid-2022 amid continued progress towards it goals of maximum employment and price stability. Chinese shares ended higher after China’s central bank PBoC pumped in 110 billion yuan ($17 billion) of cash with seven- and 14-day reverse repurchase agreements in a show of support for the country’s financial markets and the economy. Hong Kong shares gained after China Evergrande group surged 17.62% as it reached settlement with mainland bond investors. Meanwhile, Japanese markets were closed for local holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,642.22 | 13.73 | 0.38 |
Hang Seng | 24,510.98 | 289.44 | 1.19 |
Jakarta Composite | 6,142.71 | 34.44 | 0.56 |
KLSE Composite | 1,539.34 | 10.32 | 0.67 |
Nikkei 225 | -- | -- | -- |
Straits Times | 3,076.44 | 28.39 | 0.93 |
KOSPI Composite | 3,127.58 | -12.93 | -0.41 |
Taiwan Weighted | 17,078.22 | 152.40 | 0.90 |
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