Asian markets settled mostly higher on Wednesday, despite concerns about the Ukraine war and inflation. Market sentiments improved by tracking strong rebound on Wall Street overnight with optimism that the Fed’s plan to hike interest rates will help bring inflation under control. Meanwhile, investors are awaiting Fed Chair Jerome Powell's speech, a NATO meeting and the upcoming EU Summit Thursday in Europe. Japanese shares ended higher as a cheaper yen helped lift export-reliant sectors such as electronics and automobiles.
Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,271.03 | 11.17 | 0.34 |
Hang Seng | 22,154.08 | 264.80 | 1.21 |
Jakarta Composite | 6,996.12 | -4.70 | -0.07 |
KLSE Composite | 1,597.88 | 12.07 | 0.76 |
Nikkei 225 | 28,040.16 | 816.05 | 3.00 |
Straits Times | 3,364.26 | 14.09 | 0.42 |
KOSPI Composite | 2,735.05 | 25.05 | 0.92 |
Taiwan Weighted | 17,731.37 | 171.66 | 0.98 |