Asian markets settled mostly higher on Thursday tracking Wall Street gains overnight after the US Federal Reserve announced a 75-bps interest rate hike, as widely expected, and US Fed Chair Jerome Powell commented he doesn't believe the United States is in a recession, boosted hopes of a slowdown in the pace of interest rate hikes at future meetings. Japanese shares rose despite strengthening of Japanese yen against the US dollar. Moreover, Chinese shares gained ahead of US President Joe Biden's upcoming call with Chinese leader Xi Jinping. Although, Hong Kong shares dropped after the city's central bank raised its base rate by 75 basis points.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,282.58 | 6.82 | 0.21 |
Hang Seng | 20,622.68 | -47.36 | -0.23 |
Jakarta Composite | 6,956.82 | 58.60 | 0.85 |
KLSE Composite | 1,491.20 | 20.49 | 1.39 |
Nikkei 225 | 27,815.48 | 99.73 | 0.36 |
Straits Times | 3,220.65 | 15.51 | 0.48 |
KOSPI Composite | 2,435.27 | 19.74 | 0.82 |
Taiwan Weighted | 14,891.90 | -29.69 | -0.20 |
