- March 9, 2022
- By: Admin1_blog
- Asia Market, Indices
Key Points
- Shares in Asia-Pacific rose in Wednesday morning trade, recovering slightly from losses seen Monday and Tuesday.
- Markets in South Korea are closed on Wednesday due to the country’s presidential election.
- President Joe Biden said Tuesday the U.S. will ban imports of Russian oil, following Moscow’s invasion of Ukraine. The United Kingdom also announced its own plans to phase out its reliance on Russian oil imports by the end of the year.
SINGAPORE — Shares in Asia-Pacific edged higher in Wednesday morning trade, recovering partially from losses earlier in the week as investors continue to assess the potential economic ramifications of the ongoing war in Ukraine.
In Japan, the Nikkei 225 gained 1% while the Topix index advanced 1.15%.
Hong Kong’s Hang Seng index rose 0.78% while the Shanghai composite in mainland China edged 0.51% higher and the Shenzhen component climbed 0.483%.
The S&P/ASX 200 in Australia jumped 1.16%. Over in Southeast Asia, Singapore’s Straits Times index gained 1.33%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.75% higher.
Markets in South Korea are closed on Wednesday due to the country’s presidential election.
Oil prices jumped to their session highs on Tuesday after President Joe Biden said the U.S. will ban imports of Russian oil, a further escalation in the international response to Moscow’s invasion of Ukraine. The United Kingdom also announced its own plans to phase out its reliance on Russian oil imports by the end of the year.
Investors in the region continued monitoring oil prices on Wednesday, which rose in the morning of Asia trading hours.
International benchmark Brent crude futures climbed 1.38% to $129.75 per barrel. U.S. crude futures gained 0.96% to $124.89 per barrel.
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Overnight stateside, the Dow Jones Industrial Average shed 184.74 points, or 0.56%, to 32,632.64. The S&P 500 declined 0.72% to 4,170.70 while the Nasdaq Composite dipped 0.28% to 12,795.55.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | *NIKKEI | 25033.24 | 242.29 | 0.98 |
| .HSI | Hang Seng Index | *HSI | 20742.17 | -23.7 | -0.11 |
| .AXJO | S&P/ASX 200 | *ASX 200 | 7063.3 | 83 | 1.19 |
| .SSEC | Shanghai | *SHANGHAI | 3291.23 | -2.3 | -0.07 |
| .KS11 | KOSPI Index | *KOSPI | 2622.4 | -28.91 | -1.09 |
| .FTFCNBCA | CNBC 100 ASIA IDX | *CNBC 100 | 8711.12 | 49.96 | 0.58 |
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 99.032 — having traded in a range between 98.7 and 99.4 so far this week.
The Japanese yen traded at 115.87 per dollar, weaker than levels below 115.2 seen against the greenback earlier this week. The Australian dollar changed hands at $0.728, having declined from above $0.738 earlier this week.
Source : CNBC
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