Asian markets ended mostly lower on Wednesday tracking Wall Street’s fall overnight and after the release of disappointing earnings from Tesla and Alphabet. Investors were awaiting the US GDP and inflation data for additional clarity on whether the Federal Reserve will cut interest rates this year. Meanwhile, lingering concerns over slowing economic growth in China also kept investors nervous. Japanese shares led regional losses due to the yen’s continued rally and caution ahead of a Bank of Japan policy decision next week. Seoul shares declined, followed by losses in the auto and tech sectors. Taiwan market was closed as Typhoon Gaemi lashed Manila.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 2,901.95 | -13.42 | -0.46 |
| Hang Seng | 17,311.05 | -158.31 | -0.91 |
| Jakarta Composite | 7,262.76 | -51.10 | -0.70 |
| KLSE Composite | 1,621.14 | -8.54 | -0.52 |
| Nikkei 225 | 39,154.85 | -439.54 | -1.12 |
| Straits Times | 3,460.82 | -0.34 | -0.01 |
| KOSPI Composite | 2,758.71 | -15.58 | -0.56 |
| Taiwan Weighted | -- | -- | -- |
