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MoneyWorks4Me

Asian markets end mostly higher on Tuesday

12 Apr 2016 Evaluate

Asian equity markets ended mostly higher on Tuesday. Japanese shares rallied as the yen pulled back from the previous day's 17-month high against the dollar, lifting shares of exporters as well as recently battered banks. However, Chinese shares succumbed to profit taking after sharp gains in the previous session on the back of encouraging consumer as well as producer price inflation data. China's Shanghai Composite index also dropped on liquidity worries after the country's securities regulator approved seven initial public offerings that will raise a total 2.8 billion yuan ($433 million), too led to drop in Chinese shares.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite3,023.65 -10.31-0.34
Hang Seng20,504.44 63.630.31
Jakarta Composite4,829.57 42.600.89
KLSE Composite1,715.00 -0.28-0.02
Nikkei 22515,928.79 177.661.13
Straits Times2,814.65 5.410.19
KOSPI Composite1,981.32 10.950.56
Taiwan Weighted8,531.18 -31.41-0.37