Asian stock market are trading lower on Wednesday after the Japanese yen strengthened and crude oil prices slipped in Asian trades.
Asian stock market are trading lower on Wednesday after the Japanese yen strengthened and crude oil prices slipped in Asian trades. The Australian market is advancing in a broad-based rally, following the positive lead overnight from Wall Street and a rebound in crude oil as well as other commodity prices.
China’s Shanghai Composite is currently trading 0.05% higher at 2,833.93 points. South Korea’s Kospi index is at 1,973.42 points (down 0.46%) and Indonesia’s Jakarta Composite is at 4,772.53 points (up 0.20%).
Taiwan’s Taiex at 8,147.90 points (down 0.10%), Singapore’s Straits Times at 2,730.49 points (down 0.39%), Hong Kong’s Hang Seng at 20,106.43 points (down 0.68%), Thailand’s SET Composite at 1,389.93 points (down 0.01%) and Singapore Nifty at 7,790 points (down 1.66%).
US stock indices advanced on Tuesday, with the Dow and the S&P 500 logging their best one-day percentage gains in two months. The Dow Jones Industrial Average surged by 222.44 points, or 1.3%, to end at 17,928.35. The S&P 500 index climbed 25.70 points, or 1.3%, to close at 2,084.39, with all 10 main sectors closing higher. Energy, Materials and Industrials led the gains. New York Federal Reserve President William Dudley spoke in Zurich on Tuesday morning, saying that he would like to see more currencies achieve reserve status as that could strengthen the financial system.
Brazil’s benchmark Bovespa stock index gained 3.8% and the country’s currency jumped after impeachment proceedings against President Dilma Rousseff came back on track, fuelling optimism that a new pro-market administration could take over on Thursday.
China’s Shanghai Composite is currently trading 0.05% higher at 2,833.93 points. South Korea’s Kospi index is at 1,973.42 points (down 0.46%) and Indonesia’s Jakarta Composite is at 4,772.53 points (up 0.20%).
Taiwan’s Taiex at 8,147.90 points (down 0.10%), Singapore’s Straits Times at 2,730.49 points (down 0.39%), Hong Kong’s Hang Seng at 20,106.43 points (down 0.68%), Thailand’s SET Composite at 1,389.93 points (down 0.01%) and Singapore Nifty at 7,790 points (down 1.66%).
US stock indices advanced on Tuesday, with the Dow and the S&P 500 logging their best one-day percentage gains in two months. The Dow Jones Industrial Average surged by 222.44 points, or 1.3%, to end at 17,928.35. The S&P 500 index climbed 25.70 points, or 1.3%, to close at 2,084.39, with all 10 main sectors closing higher. Energy, Materials and Industrials led the gains. New York Federal Reserve President William Dudley spoke in Zurich on Tuesday morning, saying that he would like to see more currencies achieve reserve status as that could strengthen the financial system.
Brazil’s benchmark Bovespa stock index gained 3.8% and the country’s currency jumped after impeachment proceedings against President Dilma Rousseff came back on track, fuelling optimism that a new pro-market administration could take over on Thursday.
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