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 |