Shares Bazaar

Asian markets settle mostly higher on Thursday

Japanese shares rose sharply as investors digested data that showed Japan's services sector continued its growth for the seventh consecutive month in October

Asian markets settled mostly higher on Thursday tracking Wall Street’s gains overnight after Advanced Micro Devices third-quarter earnings beat lifted artificial intelligence-linked shares, while recent US economic data, specifically robust ISM services PMI figures and a stronger-than-expected ADP jobs data outweighed jitters over inflated tech stock valuations. Chinese shares gained after the country's ministry of finance raised $4 billion at rates equivalent to US Treasury yields in its return to the international bond market. Moreover, Japanese shares rose sharply as investors digested data that showed Japan's services sector continued its growth for the seventh consecutive month in October. The S&P Global final Japan Services Purchasing Managers’ Index (PMI) slipped slightly to 53.1 in October from 53.3 in September, maintaining a seventh consecutive month above the 50.0 mark, which separates growth from contraction.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

4,007.76

38.51

0.96

Hang Seng

26,485.9

550.49

2.12

Jakarta Composite

8,337.06

18.53

0.22

KLSE Composite

1,618.94

-2.61

-0.16

Nikkei 225

50,883.68

671.41

1.34

Straits Times

4,484.99

67.87

1.54

KOSPI Composite

4,026.45

22.03

0.55

Taiwan Weighted

27,899.45

182.39

0.66