Asian markets ended mostly in red on Tuesday ahead of the start of a Federal Reserve policy meeting. The Malaysian market was closed today on account of ‘Malaysia Day’ holiday. China’s stocks tumbled, sending the benchmark index to the biggest drop since March after foreign direct investment sank to a four-year low and investors speculated new share sales will divert funds. China may join other emerging countries in boosting gold reserves as the precious metal makes up a smaller share of its foreign-exchange holdings compared with developed economies. Foreign direct investment into China, a gauge of external confidence, slumped to a four-year low amid antitrust probes into multinational companies that have spurred a letter of complaint from the US. Inbound investment was $7.2 billion in August, down 14 percent from a year earlier. It was the first back-to-back decline of more than 10 percent since 2009. Singaporean Retail Sales rose to a seasonally adjusted 5.5%, from 0.4% in the preceding month.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2296.56 | -42.59 | -1.82 |
Hang Seng | 24136.01 | -220.98 | -0.91 |
Jakarta Composite | 5130.50 | -14.39 | -0.28 |
KLSE Composite | - | - | - |
Nikkei 225 | 15911.53 | -36.76 | -0.23 |
Straits Times | 3272.62 | -39.85 | -1.20 |
KOSPI Composite | 2042.92 | 7.10 | 0.35 |
Taiwan Weighted | 9133.40 | -84.06 | -0.91 |
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