Asian markets settle mostly higher on Wednesday

20 Dec 2023 Evaluate

Asian markets settled mostly higher on Wednesday due to continued market confidence in interest rate cut prospects in the United States next year, despite pushback from some Fed policymakers. Meanwhile, investors were awaiting the US November core personal consumption expenditure (PCE) index report due on Friday for more cues on the Fed's rate path. Japanese shares gained after the country’s central bank (BoJ) left its ultra-loose monetary policy unchanged at its final meeting this year. However, Chinese shares fell, even as China kept its benchmark lending rates unchanged at the monthly fixing, matching market expectations.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,902.11	-30.28	-1.04
Hang Seng	16,613.81	108.81	0.65
Jakarta Composite	7,219.67	31.82	0.44
KLSE Composite	1,464.56	-1.11	-0.08
Nikkei 225	33,675.94	456.55	1.36
Straits Times	3,108.03	-8.59	-0.28
KOSPI Composite	2,614.30	45.75	1.75
Taiwan Weighted	17,635.20	58.65	0.33

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