Asian markets ended mostly higher on Wednesday tracking overnight gains in Wall Street after US Fed Chair Jerome Powell reiterated that inflation pressures will be temporary and stressed that the US Fed will do everything to support the economy for as long as it takes to complete the recovery. Chinese shares ended higher with healthcare companies after China's National Medical Products Administration (NMPA) said it has approved the first CAR-T cell therapy in the Country. Japanese shares finished higher despite a survey showed the manufacturing sector in the country expanded at a slower pace in June, while services continued to shrink amid measures to contain the coronavirus.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,566.22 | 8.81 | 0.25 |
Hang Seng | 28,817.07 | 507.31 | 1.79 |
Jakarta Composite | 6,034.54 | -53.30 | -0.88 |
KLSE Composite | 1,564.76 | -9.26 | -0.59 |
Nikkei 225 | 28,874.89 | -9.24 | -0.03 |
Straits Times | 3,118.62 | 9.42 | 0.30 |
KOSPI Composite | 3,276.19 | 12.31 | 0.38 |
Taiwan Weighted | 17,336.71 | 261.16 | 1.53 |