Asian markets settled mostly higher on Wednesday, tracking overnight gains on Wall Street after cooler-than-expected inflation readings in the United States. Meanwhile, lower inflation reading also fuelled expectations that the US Fed will slow the pace of interest rate hikes. Chinese shares settled almost flat followed by the surge in Covid cases in the country. Although, Investors were awaiting central bank decisions on interest rates from the US Federal Reserve due later in the day, and the Bank of England and European Central Bank due on Thursday kept investors cautious and capped further gains.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,176.53 | 0.20 | 0.01 |
Hang Seng | 19,673.45 | 77.25 | 0.39 |
Jakarta Composite | 6,801.75 | -8.57 | -0.13 |
KLSE Composite | 1,483.17 | 13.05 | 0.89 |
Nikkei 225 | 28,156.21 | 201.36 | 0.72 |
Straits Times | 3,278.57 | 7.29 | 0.22 |
KOSPI Composite | 2,399.25 | 26.85 | 1.13 |
Taiwan Weighted | 14,739.36 | 216.40 | 1.49 |
