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Asian markets end mostly down on Wednesday

18 Sep 2024 Evaluate
Asian markets ended mostly down on Wednesday tracking mixed cues from Wall Street overnight with caution ahead of the US Federal Reserve's first interest-rate cut in more than four years. While, uncertainty over the size of interest rate cut also added pressure on market sentiments after data showed US retail sales unexpectedly ticked up in August and production at factories bounced back. However, Chinese shares gained on hopes of stimulus measures as trading resumed after a holiday break. Japanese shares advanced, even as Japan posted a trade deficit for a second straight month in August as growth in both imports and exports missed expectations. A weaker yen lifted sentiment. Hong Kong and South Korean markets were closed for Mid-Autumn Festival and Chuseok-Thanksgiving Day respectively.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,717.28

13.19

0.49

Hang Seng

--

--

--

Jakarta Composite

7,829.14

-2.64

-0.03

KLSE Composite

1,660.59

-3.69

-0.22

Nikkei 225

36,380.17

176.95

0.49

Straits Times

3,592.42

-1.00

-0.03

KOSPI Composite

--

--

--

Taiwan Weighted

21,678.84

-171.24

-0.79

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