Asian markets ended mostly lower on Wednesday tracking the overnight losses in Wall Street, despite recovery in the Chinese benchmarks after Beijing redoubled confidence-boosting efforts with promises of more support for the slowing economy. Concerns about the prospects for aggressive interest rate hikes in the United States to combat rising inflation also added pressure on market sentiments. Hong Kong shares ended flat, driven by worries over Covid outbreaks in China and heightened geopolitical tensions.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,958.28 | 71.85 | 2.49 |
Hang Seng | 19,946.36 | 11.65 | 0.06 |
Jakarta Composite | 7,196.76 | -35.39 | -0.49 |
KLSE Composite | 1,585.98 | -10.70 | -0.67 |
Nikkei 225 | 26,386.63 | -313.48 | -1.17 |
Straits Times | 3,320.67 | -1.38 | -0.04 |
KOSPI Composite | 2,639.06 | -29.25 | -1.10 |
Taiwan Weighted | 16,303.35 | -341.44 | -2.05 |