Asian markets settled higher on Thursday tracking Wall Street gains overnight amid optimism over the progress of debt ceiling negotiations in Washington. Japanese shares led gains in the region followed by chipmakers' investment plans. Micron Technology Inc said it would invest up to 500 billion yen to produce next-generation semiconductors in Japan after Prime Minister Fumio Kishida held talks with some of the world’s biggest chipmakers. Chinese shares rose after data showed China’s fiscal revenue gained 11.9% in the first four months of 2023 from the same period a year earlier, up sharply from a 0.5% gain in January-March. Seoul shares settled up, despite fears of a possible global recession later in the year. Meanwhile, Indonesia market was closed on account of Ascension Day holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,297.32 | 13.09 | 0.40 |
Hang Seng | 19,727.25 | 166.68 | 0.84 |
Jakarta Composite | -- | -- | -- |
KLSE Composite | 1,428.04 | 3.70 | 0.26 |
Nikkei 225 | 30,573.93 | 480.34 | 1.57 |
Straits Times | 3,182.55 | 8.71 | 0.27 |
KOSPI Composite | 2,515.40 | 20.74 | 0.82 |
Taiwan Weighted | 16,101.88 | 176.59 | 1.10 |
