Most of the Asian equity indices pared their losses in the late trade on Tuesday after euro zone policy makers agreed to a second bailout package for Greece in marathon talks that went deep into the Brussels night. Hong Kong and China indices turned positive in the late trade as turnover picked up after euro zone finance ministers sealed a second bailout for Greece that will resolve its immediate financing needs. Earlier, Hong Kong and China shares drifted lower, dragged by weakness in Chinese oil majors and as investors locked in profit after their recent outperformance on fears that escalating oil prices could hurt earnings performance. However, Japanese Nikkei slipped by 0.23 percent in a choppy session after failing to top the key resistance level of 9,500 on Tuesday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,381.43 | 17.83 | 0.75 |
Hang Seng | 21,478.72 | 53.93 | 0.25 |
Jakarta Composite | 4,002.95 | 22.70 | 0.57 |
KLSE Composite | 1,563.78 | 3.21 | 0.21 |
Nikkei 225 | 9,463.02 | -22.07 | -0.23 |
Straits Times | 3,025.07 | 3.88 | 0.13 |
Seoul Composite | 2,024.24 | -0.66 | -0.03 |
Taiwan Weighted | 7,921.50 | -33.32 | -0.42 |