Asian markets shut shop on a strong note as investors went for hectic buying expecting that the US Federal Reserve will not rush to end its stimulus programme soon and on further signs that stress in China's banking system are easing. Shanghai market recovered from early session’s lows as fears of a credit crunch retreated, boosting financials, but confidence remained fragile, and the index ended lower. Japan’s Nikkei went home on a firm note, as dollar's rise against the yen triggered some strong buying in several stocks across various sectors. Meanwhile, South Korean market closed higher, after official data showed that the seasonally adjusted current account surplus surged to a record high of $7.82 billion in May.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 1,950.01 | -1.48 | -0.08 |
Hang Seng | 20,440.08 | 101.53 | 0.50 |
Jakarta Composite | 4,675.75 | 88.02 | 1.92 |
KLSE Composite | 1,751.57 | 10.81 | 0.62 |
Nikkei 225 | 13,213.55 | 379.54 | 2.96 |
Straits Times | 3,118.03 | 13.63 | 0.44 |
KOSPI Composite | 1,834.70 | 51.25 | 2.87 |
Taiwan Weighted | 7,883.90 | 99.10 | 1.27 |
