Shares in the Asia-Pacific were mostly higher on Wednesday as investors brace for another likely 75-basis-point rate hike by the Federal Reserve.
Hong Kong’s Hang Seng index
was halted after gaining 2.41% to 15,827.17 in earlier trade, following the issuance of a Tropical Cyclone Warning Signal Number 8. This marked the second day of sharp gains for the index, which Goldman Sachs Strategist Timothy Moe attributed to a combination of two factors.
in mainland China also reversed losses to gain 1.15% to 3,003.37 and the Shenzhen Componentadded 1.335% to 10,877.51.
In Japan, the Nikkei 225
and the Topix were about flat at 27,663.39 and 1,940.46, respectively. The Kospiwas fractionally higher at 2,336.87. South Korea’s inflation inched higher to 5.7% in October, higher than 5.6% forecasted by analysts in a Reuters poll.
Australia’s S&P/ASX 200
traded 0.14% higher to 6,986.70. The MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.74%.
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