Asian markets settled mostly lower on Wednesday, despite overnight gains in Wall Street buoyed by strong US corporate earnings. Recent hawkish comments from US Federal Reserve officials and tightening monetary conditions dampened market sentiments. Chinese shares declined due to concerns over a potential economic slowdown in the country, while its zero-Covid policy and more US curbs on trade also weighed sentiments.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,044.38 | -36.58 | -1.19 |
Hang Seng | 16,511.28 | -403.30 | -2.38 |
Jakarta Composite | 6,860.42 | 25.93 | 0.38 |
KLSE Composite | 1,415.10 | 14.74 | 1.05 |
Nikkei 225 | 27,257.38 | 101.24 | 0.37 |
Straits Times | 3,022.80 | -3.08 | -0.10 |
KOSPI Composite | 2,237.44 | -12.51 | -0.56 |
Taiwan Weighted | 12,976.76 | -147.92 | -1.13 |