The Asian markets ended mostly higher on Tuesday, extending their gains for the second day in a row, tailing the jump in US markets overnight after crude spiked to six months high. Japanese market was one of the major gainers, surging by over a percent and hitting a near three-week high, as oil prices climbed and the yen's retreated ahead of a G7 meeting. Traders were also encouraged by the data of Economy Ministry showing that Japan's industrial production grew more than estimated in March. Output grew 3.8 percent from February instead of 3.6 percent estimated initially. On the other hand the Chinese market ended slightly in red on speculation that Beijing will not resort to large stimulus measures to boost growth. Indonesian market was the only other market that ended tad lower in the region.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,843.68 | -7.18 | -0.25 |
Hang Seng | 20,118.80 | 234.85 | 1.18 |
Jakarta Composite | 4,729.16 | -2.41 | -0.05 |
KLSE Composite | 1,633.39 | 12.18 | 0.75 |
Nikkei 225 | 16,652.80 | 180.40 | 1.13 |
Straits Times | 2,781.11 | 45.05 | 1.65 |
KOSPI Composite | 1,968.06 | 0.15 | 0.01 |
Taiwan Weighted | 8,140.48 | 72.88 | 0.90 |