Asian markets ended higher on Wednesday, led by gains in Chinese equities, on the back of new Communist Party chief Xi Jinping’s statement that the government aimed to stabilize exports and make policies more targeted and effective. However, concerns over whether US lawmakers can resolve a budget impasse before year-end to avert a possible economic slump, restricted more gains. Japan’s Nikkei went home with green mark in somewhat light trading, while Kospi ended up after touching its highest level since October 18.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,031.91 | 56.76 | 2.87 |
Hang Seng | 22,270.91 | 470.94 | 2.16 |
Jakarta Composite | 4,286.84 | 17.19 | 0.40 |
KLSE Composite | 1,613.79 | 6.18 | 0.38 |
Nikkei 225 | 9,468.84 | 36.38 | 0.39 |
Straits Times | 3,075.92 | 13.80 | 0.45 |
KOSPI Composite | 1,947.04 | 11.86 | 0.61 |
Taiwan Weighted | 7,649.05 | 48.07 | 0.63 |