Asian stocks closed mostly higher on Tuesday, as a rebound in oil prices and hopes for new stimulus measures from South Korea and Japan along with growing expectations that the Federal Reserve will ease its monetary policy at its July meeting, helped investors put Brexit worries on the back burner. Chinese stocks rebounded as the country's leaders sought to calm investors rattled by Britain's vote to leave the European Union. Premier Li Keqiang said the government would take measures to keep its financial and capital markets stable and avoid wild fluctuations. Meanwhile, in its 2016 financial stability report, the People's Bank of China said it would continue to implement prudent monetary policy and proactive fiscal policy. Japanese shares ended a choppy session marginally higher after Economy Minister Nobuteru Ishihara said the government is willing to provide assistance to lessen the impact of the British referendum on small and medium-sized companies (SMEs).
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,912.56 | 16.85 | 0.58 |
Hang Seng | 20,172.46 | -54.84 | -0.27 |
Jakarta Composite | 4,882.17 | 46.12 | 0.95 |
KLSE Composite | 1,634.04 | 4.52 | 0.28 |
Nikkei 225 | 15,323.14 | 13.93 | 0.09 |
Straits Times | 2,756.53 | 26.68 | 0.98 |
KOSPI Composite | 1,936.22 | 9.37 | 0.49 |
Taiwan Weighted | 8,505.51 | 46.64 | 0.55 |