Asian markets settled mostly higher on Wednesday as Federal Reserve rate cut hopes prevailed. While, investors shrugged off a weak lead from Wall Street, where renewed stagflation concerns were fueled by soft US economic data. Moreover, Chinese shares gained after US President Donald Trump said the United States was close to a trade deal with China. Investors are awaiting a slew of Chinese economic data and corporate results coming throughout the week.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,633.99 | 16.39 | 0.45 |
Hang Seng | 24,845.00 | -57.53 | -0.23 |
Jakarta Composite | 7,503.75 | -11.44 | -0.15 |
KLSE Composite | 1,541.48 | 2.84 | 0.18 |
Nikkei 225 | 40,802.00 | 252.46 | 0.62 |
Straits Times | 4,227.70 | 19.12 | 0.45 |
KOSPI Composite | 3,198.14 | 0.14 | -- |
Taiwan Weighted | 23,447.36 | -213.23 | -0.91 |