Asian markets settled mostly higher on Thursday, despite an overnight slump in Wall Street shares after the US Federal Reserve raised rates by 25 basis points and signalled another hike this year to fight against inflation. Following the US Fed's move, the Hong Kong central bank also lifted its benchmark rate by 25 bps to 5.25%. However, Japanese shares fell marginally after Janet Yellen's comments that the Fed’s regulators are not considering a blanket insurance for bank deposits in the United States. Meanwhile, Indonesian market was closed on account of Hindu Saka New Year holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,286.65 | 20.90 | 0.64 |
Hang Seng | 20,049.64 | 458.21 | 2.29 |
Jakarta Composite | -- | -- | -- |
KLSE Composite | 1,410.98 | -1.06 | -0.08 |
Nikkei 225 | 27,419.61 | -47.00 | -0.17 |
Straits Times | 3,219.00 | -1.98 | -0.06 |
KOSPI Composite | 2,424.48 | 7.52 | 0.31 |
Taiwan Weighted | 15,863.95 | 103.49 | 0.65 |
