Asian markets settled mostly higher on Wednesday tracking overnight rally in US stocks ahead the release of the November Fed meeting minutes later in the day. Chinese shares rose even as Covid cases in mainland China surged toward record highs. Hong Kong shares gained even after Warren Buffet's investment Company Berkshire Hathaway further trimmed its stake in the electric vehicle maker BYD for HK$630.33 million ($80.67 million). Meanwhile, trading volumes were somewhat thin amid a national holiday in Japan. However, some gains were capped by lingering worries about the Chinese economy and a record interest rate hike in New Zealand
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,096.91 | 7.97 | 0.26 |
Hang Seng | 17,523.81 | 99.40 | 0.57 |
Jakarta Composite | 7,054.12 | 23.53 | 0.33 |
KLSE Composite | 1,443.50 | 2.21 | 0.15 |
Nikkei 225 | -- | -- | -- |
Straits Times | 3,255.99 | -3.57 | -0.11 |
KOSPI Composite | 2,418.01 | 12.74 | 0.53 |
Taiwan Weighted | 14,608.54 | 66.34 | 0.46 |