Asian markets ended mostly in green on Tuesday, with Japanese stocks rising amid optimism global central banks will take more steps to support growth. Moreover, Central bank governor Haruhiko Kuroda said in a speech that policy makers are committed to achieving its 2 percent inflation target as well as ample liquidity also aiding sentiments. The Chinese Shanghai Composite climbed on speculation that the government will extend cuts in interest rates and accelerate state-owned enterprise reform to support the economy. PBOC Governor Zhou Xiaochuan has overseen two tightening and two easing cycles for a total of 22 moves to the one-year lending rate and 20 to the one-year deposit rate.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,567.60 | 34.72 | 1.37 |
Hang Seng | 23,843.91 | -49.23 | -0.21 |
Jakarta Composite | 5,118.94 | -22.82 | -0.44 |
KLSE Composite | 1,838.56 | 4.79 | 0.26 |
Nikkei 225 | 17,407.62 | 50.11 | 0.29 |
Straits Times | 3,344.99 | 4.46 | 0.13 |
KOSPI Composite | 1,980.21 | 1.67 | 0.08 |
Taiwan Weighted | 9,116.24 | -6.09 | -0.07 |