Asian markets ended mostly lower on Wednesday amid increased geopolitical tensions following news of a Russian-made missile strike in Poland, even as US President Joe Biden said he doesn't believe a missile strike that killed two people in Poland was fired from Russia. Chinese shares dropped on growth concerns after data showed house prices in China marked their worst fall in seven years in October. Moreover, Hong Kong shares declined on profit-booking after recent strong gains on optimism over the scaling back of covid restrictions and new initiatives to support the property sector. Although, Japanese shares gained slightly tracking Wall Street gains overnight as Fed Vice Chair Lael Brainard's comments and weak producer price inflation data added to expectations of smaller Fed rate hikes.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,119.98 | -14.10 | -0.45 |
Hang Seng | 18,256.48 | -86.64 | -0.47 |
Jakarta Composite | 7,014.38 | -21.12 | -0.30 |
KLSE Composite | 1,448.38 | -2.16 | -0.15 |
Nikkei 225 | 28,028.30 | 38.13 | 0.14 |
Straits Times | 3,266.17 | -9.11 | -0.28 |
KOSPI Composite | 2,477.45 | -2.88 | -0.12 |
Taiwan Weighted | 14,537.35 | -8.96 | -0.06 |
