Asian markets settled mostly lower on Thursday as weakness in Wall Street overnight on US Fed’s interest rate hike woes, along with worries about a possible global recession have weighed on Asian equities. Meanwhile investors are awaiting US inflation data as well as the outcome of the US Fed and European Central Bank policy meetings next week for further clues on the direction of monetary policy. Chinese shares fell marginally, despite optimism over easing of China’s strict Covid curbs. Japanese shares declined after Japan's economy contracted less than earlier reported in the third quarter and the country's current account unexpectedly turned to deficit in October.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,197.35 | -2.27 | -0.07 |
Hang Seng | 19,450.23 | 635.41 | 3.38 |
Jakarta Composite | 6,804.23 | -14.52 | -0.21 |
KLSE Composite | 1,465.93 | -0.95 | -0.06 |
Nikkei 225 | 27,574.43 | -111.97 | -0.40 |
Straits Times | 3,236.08 | 10.63 | 0.33 |
KOSPI Composite | 2,371.08 | -11.73 | -0.49 |
Taiwan Weighted | 14,553.04 | -76.97 | -0.53 |
