Asian markets settled mostly higher on Wednesday after US Fed Chair Jerome Powell signaled two more quarter-point interest-rate cuts this year, citing a sharp slowdown in hiring. Japanese markets rebounded, despite uncertainties surrounding the political situation in the country and concerns over renewed US-China trade frictions. Moreover, Chinese shares rose sharply after new data showed China's deflation eased in September, with prices at the factory gate falling 2.3% from a year earlier and consumer prices dropping 0.3%.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,912.21 | 46.98 | 1.20 |
Hang Seng | 25,909.00 | 467.65 | 1.80 |
Jakarta Composite | 8,051.18 | -15.34 | -0.19 |
KLSE Composite | 1,611.55 | 0.09 | 0.01 |
Nikkei 225 | 47,693.00 | 845.68 | 1.77 |
Straits Times | 4,368.42 | 13.90 | 0.32 |
KOSPI Composite | 3,657.28 | 95.47 | 2.61 |
Taiwan Weighted | 27,275.71 | 482.56 | 1.77 |