Asian markets ended mostly lower on Wednesday as inflation worries persisted, while investors awaited the central bank policy meetings in Europe and Japan this week for directional cues. Chinese shares dropped after Chinese property developer Modern Land became the latest firm to miss a payment on a dollar bond, indicating that the Chinese property market remains in turmoil. Moreover, heightened Sino-US tensions over Taiwan also kept the market sentiments bearish. Japanese shares declined as investors remained cautious ahead of a parliamentary election on the weekend.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,562.31 | -35.33 | -0.98 |
Hang Seng | 25,628.74 | -409.53 | -1.57 |
Jakarta Composite | 6,602.21 | -54.73 | -0.82 |
KLSE Composite | 1,583.08 | -1.12 | -0.07 |
Nikkei 225 | 29,098.24 | -7.77 | -0.03 |
Straits Times | 3,218.17 | 13.60 | 0.42 |
KOSPI Composite | 3,025.49 | -23.59 | -0.77 |
Taiwan Weighted | 17,074.55 | 40.21 | 0.24 |
