Asian markets settled mostly lower on Wednesday, tracking overnight losses in Wall Street ahead of key US inflation data due out later in the day that would provide clues on the US Federal Reserve's next move on interest rates. Chinese shares declined followed by the release of Chinese inflation data, which showed consumer price index rose an annual 2.7 percent in the month of July, up from a 2.5 percent increase in June. Moreover, Hong Kong shares dropped amid concerns over rising tensions between China and the United States following last week's trip by Nancy Pelosi.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,230.02 | -17.41 | -0.54 |
Hang Seng | 19,610.84 | -392.60 | -1.96 |
Jakarta Composite | 7,086.24 | -16.64 | -0.23 |
KLSE Composite | 1,492.33 | -5.35 | -0.36 |
Nikkei 225 | 27,819.33 | -180.63 | -0.65 |
Straits Times | 3,286.33 | 15.35 | 0.47 |
KOSPI Composite | 2,480.88 | -22.58 | -0.90 |
Taiwan Weighted | 14,939.02 | -111.26 | -0.74 |
