Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets exhibit mixed trend in early deals on Wednesday

27-Jul2016

Asian markets exhibit mixed trend in early deals on Wednesday

Asian markets are exhibiting mixed trend in the early deals on Wednesday ahead of the Federal Reserve's policy statement, as strong US economic data raised questions over the likely course for interest rates. Meanwhile, Japan's Nikkei share average rose on some report that Prime Minister Shinzo Abe will announce an economic stimulus package worth 27 trillion yen. Among the other Asian markets, Malaysia, Indonesia and Taiwan are up with modest gains. Bucking the trend, Shanghai, Hong Kong, Singapore and South Korea are marginally lower.

Nikkei 225 gained 344.88 points or 2.11% to 16,727.92, Taiwan Weighted added 22.50 points or 0.25% to 9,047.29, FTSE Bursa Malaysia KLCI jumped 1.16 points or 0.07% to 1,662.58, and Jakarta Composite was up by 76.77 points or 1.47% to 5,301.17.

On the flip side, Hang Seng dipped 31.28 points or 0.14% to 22,098.45, Shanghai Composite declined 49.38 points or 1.62% to 3,000.79, Straits Times dropped 0.95 points or 0.03% to 2,932.49, and KOSPI Index was down by 3.68 points or 0.18% to 2,023.66.


Related News

View all news

All Asian counters trade in green in early deals on Tuesday

All the Asian counters are trading in green in early deals on Tuesday, supported by hopes Beijing and Washington would dial back trade hostilities, though comments from the US president about the yuan......

US markets close higher for third session on Monday

Magnifying their up move for third straight session, the US markets ended higher on Monday, as a pair of billion-dollar deals reaffirmed confidence that the US economy continues its steady expansion. Optimism......

Asian markets trade mostly in green in early deals

Asian markets are trading mostly in the green in early deals on Monday tracking the firm cues from Wall Street on optimism that U.S.-China trade talks will resolve their escalating trade dispute. The US......

Top News

View all news

CG Power's JV inaugurates HV, EHV factory in Indonesia

CG Power and Industrial Solutions' (CG) joint venture (JV) PT CPSI has inaugurated Indonesia's first High Voltage (HV) and Extra High Voltage (EHV) factory at the Modern Cikande Industrial Estate, Banten......

MCX inks MoU with Indian Cotton Federation: Report

Multi Commodity Exchange of India (MCX) has reportedly signed memorandum of understanding (MoU) with Coimbatore-based Indian Cotton Federation (ICF). The agreement is to facilitate potential collaboration......

RIL's telecom arm tops Fortune's 'Change the World' list

Reliance Industries' (RIL) telecom arm -- Reliance Jio -- has ranked as the top company globally on Fortune's 'Change the World' list that ranked companies using the profit motive to tackle social problems......