Volatility returned to China's share markets on Wednesday, with the Shanghai Composite index adding 0.39 percent near mid-day after weaving in and out of positive territory since the market open.Earlier in the session, the key index touched 3,444 points - its highest level in two months.
Nikkei 225 Index: +1,78%; Hang Seng Index: -0,37%; KOSPI Index: +0,31%.
Australia's S&P ASX 200 index rebounds 0.1% and edged up above the flatline, as banking heavyweights trimmed losses. The banking sector had been hit by news that Australia's government has accepted most recommendations of an inquiry calling for a more comprehensive review of the country's financial sector. Gains across the resources sector also helped to support the bourse. Market bellwether BHP Billiton advanced 1.1 percent after the global miner announced a 7 percent boost in iron ore production for the September quarter.
The World Bank announced that metal prices fell by -12% in the third quarter, falling for the fourth consecutive month as slowing demand in China and the rest of the world. The bank said it expects metal prices to fall by -16% in 2015-a year. There is general uncertainty about how quickly will rebalance the global market.
G.Hristov / Head of Fundamental Analyzes
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