Asian markets settled mostly higher on Thursday after the US Senate announced it would vote on a stopgap funding bill later in the day to avert a government shutdown, while inflation and tightening concerns persisted. Chinese shares ended higher even after the release of mixed economic data. China’s official manufacturing PMI for September came in at 49.6, while Caixin/ Markit manufacturing PMI for the month rising to 50 for the month as compared with August's reading 49.2. Hong Kong shares declined as investors continued to monitor the situation at China Evergrande Group. Reports showing that China Evergrande Group missed paying bond interest due on Wednesday. Japanese shares ended a tad lower after the release of disappointing retail sales and factory activity data.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,568.17 | 31.88 | 0.90 |
Hang Seng | 24,575.64 | -87.86 | -0.36 |
Jakarta Composite | 6,286.94 | 124.39 | 2.02 |
KLSE Composite | 1,537.80 | -9.85 | -0.64 |
Nikkei 225 | 29,452.66 | -91.63 | -0.31 |
Straits Times | 3,086.70 | 12.39 | 0.40 |
KOSPI Composite | 3,068.82 | 8.55 | 0.28 |
Taiwan Weighted | 16,934.77 | 79.31 | 0.47 |
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