Asian markets settled mostly higher on Wednesday on easing concerns over the banking sector after the sale of assets in US lender Silicon Valley Bank, which collapsed earlier this month. Hong Kong shares led regional gains after Alibaba Group announced a major restructuring plan. Japanese shares gained, in spite of fall in Wall Street shares overnight. However, Chinese shares ended slightly lower.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,240.06 | -5.32 | -0.16 |
Hang Seng | 20,192.40 | 407.75 | 2.02 |
Jakarta Composite | 6,839.44 | 79.11 | 1.16 |
KLSE Composite | 1,420.35 | 11.26 | 0.80 |
Nikkei 225 | 27,883.78 | 365.53 | 1.31 |
Straits Times | 3,262.54 | 7.00 | 0.21 |
KOSPI Composite | 2,443.92 | 8.98 | 0.37 |
Taiwan Weighted | 15,769.76 | 68.28 | 0.43 |