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MoneyWorks4Me

Asian markets close mostly in green on Tuesday

10 May 2016 Evaluate

The Asian markets closed mostly in green on Tuesday as the dollar-yen pair rose towards the 109 handle and oil prices steadied after steep losses overnight on expectations of an inventory build and easing concerns over Canadian oil supply disruptions. Steady inflation numbers out of China for the second straight month also offered some support. China's consumer price inflation rose an annual 2.3 percent in April, unchanged from the previous month and in line with economists' expectations. Japanese shares rose for a second day to hit a 1-1/2-week high after Finance Minister Taro Aso reiterated that authorities will intervene in the currency market to prevent ‘one-sided’ moves of the yen. Chinese stocks closed up marginally after a two-day slump on concerns over economic recovery and regulatory crackdown on speculation in the country's commodity markets.

Asian IndicesLast Trade             Change in Points

Change in %  

Shanghai Composite2,832.59 0.480.02
Hang Seng20,242.68 85.870.43
Jakarta Composite4,763.12 13.800.29
KLSE Composite1,635.84 3.650.22
Nikkei 22516,565.19 349.162.15
Straits Times2,741.15 -24.91-0.90
KOSPI Composite1,982.50 14.690.75
Taiwan Weighted8,156.29 24.460.30