Asian markets settled mostly lower on Thursday tracking Wall Street’s fall overnight, even as Japan's Nikkei gained as Japanese markets reopened after an extended holiday. Moreover, a rebound in crude oil prices and robust US economic data fuelled inflation concerns and reinforced expectations for further Federal Reserve rate hikes, while multi-decade high US Treasury yields also weighed on market sentiments. Further, Chinese markets declined, despite reports that the United States and China had agreed to extend their trade truce through January 10, 2027. Trading in South Korea’s Kospi index was closed in observation of the Chuseok (Autumn Harvest Festival) holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,888.37 | -48.15 | -1.22 |
Hang Seng | 24,761.13 | -72.99 | -0.29 |
Jakarta Composite | 6,298.61 | -76.30 | -1.21 |
KLSE Composite | 1,672.31 | -4.12 | -0.25 |
Nikkei 225 | 65,513.99 | 495.04 | 0.76 |
Straits Times | 5,683.37 | -26.54 | -0.46 |
KOSPI Composite | -- | -- | -- |
Taiwan Weighted | 48,024.60 | -132.69 | -0.28 |
