Asian markets settle higher on Thursday

18 Apr 2024 Evaluate

Asian markets settled higher on Thursday as the dollar and US Treasury yields retreated from recent highs. Meanwhile, Taiwan Semiconductor Manufacturing Corp clocked a stronger-than-expected first-quarter profit as the world’s largest contract chipmaker benefited from increased demand in the rapidly-growing AI industry. Chinese shares gained as private report said that valuations call for a substantial rally in Chinese shares, while Hong Kong shares rose by insurers, banks and casino operators. Japanese shares settled up after an unusual trilateral agreement between the United States, Japan and Korea to consult closely on foreign exchange markets. Although, rising Middle East tensions, Wall street’s overnight fall and Fed’s hawkish stance on rate outlook have kept market sentiments cautious.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,074.22	2.84	0.09
Hang Seng	16,385.87	134.03	0.82
Jakarta Composite	7,166.81	35.97	0.50
KLSE Composite	1,544.76	4.34	0.28
Nikkei 225	38,079.70	117.90	0.31
Straits Times	3,187.66	32.97	1.03
KOSPI Composite	2,634.70	50.52	1.92
Taiwan Weighted	20,301.20	87.87	0.43

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