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Asian markets close higher on Wall Street cues

27 Jun 2013 Evaluate

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

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