Asian markets settled lower on Wednesday due to mounting fears over potential recession in the global markets. Market sentiments weakened further by tracking weakness in Wall Street overnight and after consumer confidence in both the United States and the South Korea fell sharply in June amid worries about high inflation. Moreover, Japanese shares declined despite upbeat retail sales data released earlier in the day. Retail sales in Japan rose 3.6 percent in May compared to a year ago, a third consecutive month of growth.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,361.52 | -47.69 | -1.40 |
Hang Seng | 21,996.89 | -422.08 | -1.88 |
Jakarta Composite | 6,942.35 | -54.11 | -0.77 |
KLSE Composite | 1,451.48 | -3.26 | -0.22 |
Nikkei 225 | 26,804.60 | -244.87 | -0.91 |
Straits Times | 3,134.87 | -5.34 | -0.17 |
KOSPI Composite | 2,377.99 | -44.10 | -1.82 |
Taiwan Weighted | 15,240.13 | -199.79 | -1.29 |