Precise Investors Editorial Team
KOSPI edged 0.2% higher, Shanghai Composite index advanced 0.4%, Shanghai Shenzhen CSI 300 gained 0.7%, Hang Seng jumped 1%, while S&P/ASX 200 slid 0.3%
Asian stock markets traded mixed on Wednesday amid ongoing Iran-U.S. tensions, while investors assessed strong inflation data from Australia.
KOSPI edged 0.2% higher, after hitting record highs in the previous session.
Japanese markets were closed for a public holiday.
Straits Times Index dropped 0.6%, while futures tied to Nifty 50 traded flat.
In China and Hong Kong, sentiment was mixed.
Shares of China’s No. 2 chipmaker Hua Hong Semiconductor declined more than 7%.
However, broader Chinese and Hong Kong technology stocks remained relatively supported, with investors still encouraged by optimism around low-cost AI developments.
Shanghai Composite index advanced 0.4%, while the blue-chip Shanghai Shenzhen CSI 300 gained 0.7%.
Hang Seng jumped 1%, with the Hang Seng TECH sub-index climbing 1.5%.
S&P/ASX 200 slid 0.3% after data showed the country’s consumer inflation accelerated sharply in the first quarter, reinforcing expectations that monetary policy will remain tight.
Investor mood remained fragile after U.S. stock market closed lower overnight, pressured by a Wall Street Journal report that OpenAI had missed internal targets for users and revenue, raising doubts about the sustainability of heavy artificial intelligence spending.
Stock index futures edged higher in Asian trading on Wednesday, as investors also await financial results from that country’s tech companies.
Focus also remained on the central bank’s policy decision later in the day.
The central bank is widely expected to keep interest rates unchanged, but markets are watching for guidance on the timing of potential easing, particularly as inflation risks remain elevated amid rising energy prices.
Geopolitics also stayed front and centre.
Rising tensions helped keep oil prices elevated, fuelling inflation concerns and reinforcing caution across equity markets.
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