Stock Market

Markets in Asia finished in the green zone with Kospi and ASX by 0.78% and 0.6% accordingly

Asian equities

Most of the Asian stocks notched their all-time highs on Wednesdays as investors are currently waiting for cues from signs of confidence in the stateside.

On Asian indexes, Japanese benchmark Nikkei 225 index recouped from its declines after jumping as high as 0.28 percent on the day. The South Korean benchmark Kospi index rose more than 0.78 percent, with its information technology as the best performers. On the Down Under, the ASX 200 index tacked by 0.6 percent after reaching an almost one-month high in the session.

Markets in the mainland were also in the positive territory. The Shenzhen Composite was marginally higher by 0.039 percent and the Shanghai Composite advanced by 0.33 percent earlier in the session. The Hang Seng index in Hong Kong settled close to the flat line but managed to edge up by 0.41 percent.

The MSCI Asia Pacific ex-Japan index reached its best level since 2007 subsequently when major indexes in Asia all finished on their record highs on early Wednesday. It traded off the said levels at 1:14 p.m. HK/SIN after finishing 0.38 percent higher.

Outside the market, technology companies in Japan almost ended flat. Softbank Group surged by 0.42 percent, Toyota dropped by 1.03 percent and Mazda Motor dipped as low as 2.23 percent. Across the Korean Strait, SK Hynix added 0.45 percent in shares due to investors forecast over Q3 results and Samsung Electronics jumped by 3.3 percent.

 

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