Asian markets ended mostly higher on Wednesday even as the investors were cautiously awaiting for further cues ahead of the US Fed's minutes from its latest monetary policy meeting. US President Jeo Biden's remarks that he might drop trade tariffs on China supported market sentiments. Chinese shares gained with expectations that growth would likely strengthen in the second half of 2022 in response to the stimulus measures that China has introduced into the economy. While, Shanghai authorities plan to keep most restrictions in place this month, before a more complete lifting of the two-month-old lockdown from June 1. China's central bank and banking regulator urged lenders to boost loans in the latest effort to shore up Covid-battered economy. However, Japanese shares settled slightly down tracking declines on Wall Street overnight.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,107.46 | 36.53 | 1.19 |
Hang Seng | 20,171.27 | 59.17 | 0.29 |
Jakarta Composite | 6,883.50 | -30.64 | -0.44 |
KLSE Composite | 1,535.56 | 4.26 | 0.28 |
Nikkei 225 | 26,677.80 | -70.34 | -0.26 |
Straits Times | 3,187.39 | -7.65 | -0.24 |
KOSPI Composite | 2,617.22 | 11.35 | 0.44 |
Taiwan Weighted | 16,104.03 | 140.40 | 0.88 |
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