Asian markets settled lower on Wednesday tracking Wall Street's overnight plunge on hotter-than-expected inflation numbers for August that boosted expectations the US Federal Reserve would stay aggressive in raising rates. Chinese shares declined on escalating tensions between the US and China after reports suggested that the United States is considering options for a sanctions package against China to deter it from invading Taiwan. Moreover, Japanese shares declined after reports of the BoJ apparently preparing for a currency intervention amid sharp declines in the Japanese currency yen.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,237.54 | -26.26 | -0.80 |
Hang Seng | 18,847.10 | -479.76 | -2.48 |
Jakarta Composite | 7,278.08 | -39.94 | -0.55 |
KLSE Composite | 1,468.44 | -19.40 | -1.30 |
Nikkei 225 | 27,818.62 | -796.01 | -2.78 |
Straits Times | 3,258.02 | -32.06 | -0.97 |
KOSPI Composite | 2,411.42 | -38.12 | -1.56 |
Taiwan Weighted | 14,658.31 | -236.10 | -1.59 |
