Shares Bazaar

Asian markets settle mostly higher on Wednesday

Seoul shares surged to a new record fuelled by strong advances in technology shares

Asian markets settled mostly higher on Wednesday, tracking Wall Street’s gains overnight followed by strong rebound in technology shares after a major multiyear deal between Advanced Micro Devices and Meta Platforms. Meanwhile, investors also reacted to Trump's comments in the annual address before a joint session of Congress that most of the US trading partners want to keep the deal that they already made with his administration and that tariffs will replace income tax as time goes by. Seoul shares surged to a new record fuelled by strong advances in technology shares and optimism ahead of Nvidia’s earnings release, which due later in the day. Chinese shares gained as Shanghai eased homebuying rules in the latest attempt by authorities to contain the nation's prolonged property slump. Japanese markets hit a new record after PM Sanae Takaichi's government nominated two new dovish-leaning academics to the Bank of Japan's nine-member board, prompting traders to pare expectations of a near-term rate hike.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,147.23

29.82

0.72

Hang Seng

26,765.72

175.40

0.66

Jakarta Composite

8,322.23

41.40

0.50

KLSE Composite

1,747.81

-6.20

-0.35

Nikkei 225

58,583.12

1,262.03

2.20

Straits Times

5,007.73

-13.06

-0.26

KOSPI Composite

6,083.86

114.22

1.91

Taiwan Weighted

35,413.07

712.25

2.05