Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets trade mostly higher in early deals on Wednesday

07-Sep2016

Asian markets trade mostly higher in early deals on Wednesday

Most of the Asian equity benchmarks are trading up in the early deals on Wednesday after weaker-than-expected US service sector data released overnight bolstered expectations that the Federal Reserve will refrain from raising interest rates at its September meeting. On Tuesday, data showed the US Institute for Supply Management (ISM) non-manufacturing purchasers manager index (PMI) index fell to 51.4 last month from 55.5 in July. While levels above 50 still indicate expansion, it was the lowest reading since February 2010. However, Japanese stocks dropped after exporters and other cyclical shares were hit by a rising yen on dashed expectations for a near-term interest rate increase. Among the other Asian markets, Shanghai, Malaysia, South Korea, Indonesia and Taiwan are in positive territory. Bucking the trend, Hong Kong and Singapore are edging lower.

Shanghai Composite gained 11.02 points or 0.36% to 3,101.74, Taiwan Weighted added 85.66 points or 0.93% to 9,267.51, Jakarta Composite increased 10.54 points or 0.20% to 5,382.64, FTSE Bursa Malaysia KLCI rose 0.16 points or 0.01% to 1,690.08, and KOSPI Index was up by 3.90 points or 0.19% to 2,070.43.

On the flip side, Nikkei 225 declined 117.00 points or 0.68% to 16,964.98, Hang Seng dipped 64.74 points or 0.27% to 23,722.94, and Straits Times was down by 1.20 points or 0.04% to 2,895.35.


Related News

View all news

US markets end lower on Monday

The US markets ended a choppy trading session on negative note on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of......

US markets end higher on Friday

The US markets ended higher on bargain hunting with the major averages bouncing off the multi-month closing lows set on Thursday. The substantial rebound by stocks also came as strong Chinese trade data......

Asian markets trade mostly in green in early deals on Friday

Most of the Asian markets are trading in green in early deals on Friday as US stock futures recovered in Asian trades after media reports indicated that the US Treasury Department has not labelled China......

Top News

View all news

Shalimar Paints lays down foundation of Nashik manufacturing plant

Shalimar Paints has laid down the foundation of a manufacturing unit to be rebuilt in Nashik, in the state of Maharashtra. The company set to commence operations by April 2019 with a planned production......

Delta Corp reports 11% rise in Q2 consolidated net profit

Delta Corp has reported results for second quarter ended September 30, 2018.The company has reported over 2-fold jump in its net profit at Rs 63.51 crore for the quarter under review as compared to Rs......

PNB plans to sell non-core assets worth Rs 8,600 crore during FY19

Punjab National Bank (PNB) has recognized various assets, including its housing finance arm, for sale and hopes to realise Rs 8,600 crore from these non-core assets during the current fiscal. Meanwhile,......