Asian markets end mostly in green on Tuesday

17 May 2016 Evaluate

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

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