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Wednesday's Asian markets: Hang Seng up 0.3%, Shanghai Composite up 0.5%

Ahmed Saleh

Hong Kong, March 20, 2024, On Wednesday, Asian markets experienced mixed results, with the Hang Seng in Hong Kong rising by 0.3% to reach 16,580.95, while the Shanghai Composite index also saw gains of 0.5% to reach 3,077.99. However, Australia's S&P/ASX 200 declined by 0.1% to settle at 7,695.80, contrasting with Korea's Kospi index, which surged by 1.3% to reach 2,690.48.

In commodity markets, U.S. benchmark crude oil lost 28 cents, trading at $82.45 per barrel on the New York Mercantile Exchange, while Brent crude, the international standard, shed 20 cents to settle at $87.18 per barrel.

Regarding currency trading, the dollar strengthened against the yen, rising to 151.46 yen from 150.87 yen. Meanwhile, the euro edged up slightly, costing $1.0869 compared to $1.0865 previously. These fluctuations reflect the ongoing dynamics and factors influencing global financial markets.


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