Asian markets end higher on Tuesday

21 Apr 2015 Evaluate

Most of the Asian equity indices ended the Tuesday’s trade in green terrain, drawing support from a rally in the U.S. and European markets overnight after China unveiled fresh stimulus to shore up the world’s second-largest economy. Chinese benchmarks edged higher by around two percent despite the growth slowdown and symptoms of overheating. Sentiment was bolstered after China's securities regulator moved to allay fears of a clampdown, saying the new short-selling measures weren't intended to encourage short-selling or depress the market, but aimed at maintaining the healthy development of the market. Meanwhile, Japanese Nikkei too edged higher by around one and a half percent as the yen weakened and investors bet on a stronger growth in company earnings. However, Seoul shares drifted lower on institutional selling amid concerns about a possible disappointing earnings season and lingering worries over Greece's future in the Eurozone.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	4,293.62	76.55	1.82
Hang Seng	27,850.49	755.56	2.79
Jakarta Composite	5,460.57	59.77	1.11
KLSE Composite	1,862.80	14.14	0.76
Nikkei 225	19,909.09	274.60	1.40
Straits Times	3,508.61	5.36	0.15
KOSPI Composite	2,144.79	-1.92	-0.09
Taiwan Weighted	9,533.98	-18.87	-0.20

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