AFP, Hong Kong :
Most Asian markets turned higher Wednesday as investors tracked another record on Wall Street and refocused on the global economy after two deadly attacks.
The Berlin Christmas market horror and shooting of Russia’s Turkish ambassador fanned concerns that fresh geopolitical woes could upend a rally in world assets triggered by Donald Trump’s election as US president.
But the fear did not filter through to Europe and New York, where the Dow got within striking distance of the 20,000 mark for the first time.
“Noteworthy is the resilience of equity markets and low volatility in the face of two horrific terrorist attacks in Europe,” Jason Wong, a currency strategist at Bank of New Zealand in Wellington, wrote in a note to clients Wednesday.
“They seem to have had little impact on the market,” he said, according to Bloomberg News.
Hong Kong added 0.6 percent in the afternoon after suffering a four-day sell-off, while Shanghai jumped 1.1 percent higher and Sydney put on 0.4 percent.
Wellington and Singapore each put on 0.2 percent while there were also advances in Manila, Jakarta and Kuala Lumpur.
But in Tokyo the Nikkei ended down 0.2 percent, having risen for 10 percent in the previous 11 sessions.
Most Asian markets turned higher Wednesday as investors tracked another record on Wall Street and refocused on the global economy after two deadly attacks.
The Berlin Christmas market horror and shooting of Russia’s Turkish ambassador fanned concerns that fresh geopolitical woes could upend a rally in world assets triggered by Donald Trump’s election as US president.
But the fear did not filter through to Europe and New York, where the Dow got within striking distance of the 20,000 mark for the first time.
“Noteworthy is the resilience of equity markets and low volatility in the face of two horrific terrorist attacks in Europe,” Jason Wong, a currency strategist at Bank of New Zealand in Wellington, wrote in a note to clients Wednesday.
“They seem to have had little impact on the market,” he said, according to Bloomberg News.
Hong Kong added 0.6 percent in the afternoon after suffering a four-day sell-off, while Shanghai jumped 1.1 percent higher and Sydney put on 0.4 percent.
Wellington and Singapore each put on 0.2 percent while there were also advances in Manila, Jakarta and Kuala Lumpur.
But in Tokyo the Nikkei ended down 0.2 percent, having risen for 10 percent in the previous 11 sessions.
