Asian markets settled mostly in green on Thursday tracking Wall Street gains for second consecutive day overnight on improved consumer confidence in the United States. South Korean shares gained as the nation saw its annualized producer price index for November reach its lowest reading in 19 months. Japanese shares rose as long-term bond yields calmed down after steep climbs, while the Japan’s currency yen also showed signs of stabilizing following its biggest jump in 24 years. However, Chinese shares fell due to concerns over Covid situation in China, even after China said it would implement policy measures to support the Chinese economy and aim for an improvement in growth in early 2023.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,054.43 | -13.98 | -0.46 |
Hang Seng | 19,679.22 | 518.73 | 2.71 |
Jakarta Composite | 6,824.43 | 3.77 | 0.06 |
KLSE Composite | 1,468.35 | 5.80 | 0.40 |
Nikkei 225 | 26,507.87 | 120.15 | 0.46 |
Straits Times | 3,269.53 | 13.34 | 0.41 |
KOSPI Composite | 2,356.73 | 27.78 | 1.19 |
Taiwan Weighted | 14,442.94 | 208.54 | 1.47 |
