Asian markets ended mostly lower on Wednesday due to rise in US dollar and treasury yields following expectations that the US central bank Federal Reserve will speed up policy tightening. Lingering concerns over resurgence in corona-virus cases and fresh lockdown measures in Europe and elsewhere have also pressurising market sentiments. Japanese shares declined as investors shrugged off positive data showing that the manufacturing sector in Japan picked up steam in November, with a manufacturing PMI score of 54.2, up from 53.2 in October, the latest survey from Jibun Bank revealed. While, the services PMI improved to 52.1 in November from 50.7 in October. However, Chinese and Hong Kong shares settled higher after reports showing that Chinese Estates Holdings, a long-time supporter of China Evergrande Group, has further trimmed its stake in the embattled property developer.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,592.70 | 3.61 | 0.10 |
Hang Seng | 24,685.50 | 33.92 | 0.14 |
Jakarta Composite | 6,683.28 | 5.40 | 0.08 |
KLSE Composite | 1,522.27 | -0.61 | -0.04 |
Nikkei 225 | 29,302.66 | -471.45 | -1.58 |
Straits Times | 3,226.83 | -0.70 | -0.02 |
KOSPI Composite | 2,994.29 | -3.04 | -0.10 |
Taiwan Weighted | 17,642.52 | -23.60 | -0.13 |
