Asian markets end mostly in green on Tuesday

02 Dec 2014 Evaluate

Asian markets ended mostly in green on Tuesday, as a rebound in oil and other commodity prices and hopes that Chinese policymakers will take further measures to bolster growth spurred bargain hunting in commodity-related stocks. The markets opened on a tepid note but erased early losses to edge higher, led by sharp gains in Chinese and Hong Kong shares. Chinese shares soared to a three-year high, led by banks and brokerages amid speculation of an imminent cut in bank reserve requirement ratios. Japanese shares turned positive after a tepid start amid speculation that the Bank of Japan was buying stocks as part of its asset purchase scheme.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,763.54	83.39	3.11
Hang Seng	23,654.30	286.85	1.23
Jakarta Composite	5,175.79	11.50	0.22
KLSE Composite	1,785.97	7.70	0.43
Nikkei 225	17,663.22	73.12	0.42
Straits Times	3,322.32	16.68	0.50
KOSPI Composite	1,965.83	0.61	0.03
Taiwan Weighted	9,034.79	-82.92	-0.91

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Asian markets end mostly in green on Tuesday

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