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Here are the latest trading levels for Asia's major stock markets:
Tokyo (Nikkei Average NIK, -0.50% ) down 0.7%
Hong Kong (Hang Seng Index HSI, -0.32% ) down 0.3%
Shanghai (Shanghai Composite Index SHCOMP, -0.16% ) down 0.2% (at break)
Sydney (S&P/ASX 200 XJO, -0.52% ) down 0.5%
Seoul (Kospi SEU, -0.11% ) down 0.1%
Mumbai (Sensex 1, +1.02% ) up 1.2%
Taipei (Taiex Y9999, +0.11% ) up 0.2%
Asia markets mostly fell Wednesday following a retreat on Wall Street fuelled by profit-taking, with Tokyo hit by a stronger yen and Sydney dipping after data showed Australia's economy grew slower than expected last year.
With few trading cues investors are keeping a watch on the start of China's annual parliament meeting Thursday as well as European Central Bank details on its new bond-purchase scheme.
Tokyo slid 1.01 per cent, Sydney shed 0.56 per cent, Hong Kong lost 0.24 per cent and Seoul eased 0.13 per cent. Shanghai, which tumbled 2.20 per cent Tuesday, edged up 0.21 per cent.
MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 2.72 points to 1823.97.
Volume was 153.67 million lots worth RM224.54 million.
Gainers outnumbered losers 119 to 97.
MALAYSIAN shares ended higher on Tuesday with the Kuala Lumpur Composite Index adding 4.12 points to close at 1,821.25.
Some 2.83 billion lots, valued at RM2.35 billion were traded. Gainers numbered 420 while losers numbered 461.
MARKET UPDATES :
The FBM KLCI index lost 4.08 points or 0.22% on Monday. The Finance Index increased 0.26% to 16030.02 points, the Properties Index dropped 0.42% to 1333.08 points and the Plantation Index down 0.59% to 7962.62 points. The market traded within a range of 12.98 points between an intra-day high of 1825.33 and a low of 1812.35 during the session.
STOCK RECOMMENDATION :
BUY DATASONIC AT 1.155 – 1.150 TARGET 1.200 1.260 SL 1.100