Asian markets settled mostly higher on Wednesday despite US shares' overnight retreat on hawkish comments from Fed leaders. Japanese shares gained as investors scooped up shares that reported robust earnings, despite a measure of Japan's services sector activity hit the lowest level since March in July. However, Chinese shares declined by worsening relationship between the United States and China and after US House Speaker Nancy Pelosi's visit to Taiwan. Data showed that China's services sector grew at a faster clip in July from the previous month as a result of easing Covid curbs.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,163.67 | -22.60 | -0.71 |
Hang Seng | 19,767.09 | 77.88 | 0.40 |
Jakarta Composite | 7,046.64 | 58.48 | 0.84 |
KLSE Composite | 1490.57 | -4.48 | -0.30 |
Nikkei 225 | 27,741.90 | 147.17 | 0.53 |
Straits Times | 3,252.06 | 12.91 | 0.40 |
KOSPI Composite | 2,461.45 | 21.83 | 0.89 |
Taiwan Weighted | 14,777.02 | 29.79 | 0.20 |