trend exploration blog

Equities markets in the Asia-Pacific region were mostly lower on Wednesday, but there were a couple of notable exceptions to the declining trend. In South Korea, the Kospi index added 0.6 percent to 2,004.22, the first time it has closed above the 2,000 level. The gains came after Moody’s raised South Korea’s debt rating to A2, the first increase in 5 years. China’s equities markets also saw gains, with the Shanghai Composite adding 2.7 percent to 4,323.97 on increased investor confidence. On the other hand, Australian equities saw declines as the Sydney Ordinaries dropped 1.2 percent to 6,378 and the S&P/ASX200 was 1.27 percent lower to 6,340.5. Elsewhere, the Taiex in Taiwan was down 0.04 percent to 9,740.13, while in Hong Kong the Hang Seng index fell 0.47 percent to 23,362.18. In India the Sensex dropped 0.61 percent to 15,699.33. The Straits Times index was 0.86 percent lower to 3,658.53 in Singapore.

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