Asian markets settled mostly higher on Wednesday, shrugging off Wall Street’s overnight decline after hotter-than-expected US CPI data and increasingly hawkish comments from Fed officials bolstered the case for further Federal Reserve interest-rate hikes over the coming months. Meanwhile, regional technology shares extended their recovery following a sharp AI-driven sell-off last week. This rebound was largely aided by strong third-quarter results and positive forward guidance from AI data center builder CoreWeave, which eased market anxieties over debt-heavy infrastructure spending. Japanese market gained on renewed optimism around AI stocks following reports that Anthropic, the parent company of Claude, is preparing for a mega IPO targeting a valuation of $1.4 trillion. However, Hong Kong market declined on profit-taking amid concerns over rising global bond yields..
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,680.64 | 16.92 | 0.46 |
Hang Seng | 24,315.92 | -241.12 | -0.98 |
Jakarta Composite | 5,115.04 | -10.69 | -0.21 |
KLSE Composite | 1,595.19 | -8.88 | -0.55 |
Nikkei 225 | 61,248.59 | 789.01 | 1.31 |
Straits Times | 5,289.66 | 31.07 | 0.59 |
KOSPI Composite | 5,375.36 | 136.23 | 2.60 |
Taiwan Weighted | 44,257.15 | 1,545.23 | 3.62 |