Current Market Update

Tokyo (Nikkei Average) flat 
Hong Kong (Hang Seng Index) up 0.1% 
Shanghai (Shanghai Composite Index) up 0.5% (at break) 
Sydney (S&P/ASX 200) up 0.7% 
Seoul (Kospi) up 0.1% 
Mumbai (Sensex) down 0.1% 
Taipei (Taiex) up 0.1%

Asian Market Update

Asian markets were mostly higher Wednesday following better-than-expected US economic growth data and news that Germany had narrowly averted recession.

The dollar struggled to resume its uptrend against the yen, with analysts forecasting the pairing were close to finding their plateau.

Tokyo fell 0.27 per cent owing to the stronger yen, but Hong Kong added 0.13 per cent, Sydney rose 0.87 per cent and Shanghai gained 0.46 per cent. Seoul was flat.

The gains came despite a weak lead from Wall Street, where the Dow and S&P 500 retreated slightly from record highs.

SGX Singapore Opening Market Update

SINGAPORE share prices opened down on Wednesday with the Straits Times Index down 5.90 points to 3,339.09.

Volume was 101.8 million shares worth S$208.0 million.

Losers outnumbered gainers 71 to 54.