Most of the Asian markets made a positive closing on Tuesday as investors brushed off the Italian referendum result and turned their focus to a highly anticipated ECB meeting this week, with most economists expecting the central bank to expand its quantitative easing program beyond the first quarter of 2017. Japanese shares closed higher after solid gains on Wall Street overnight. Though, Chinese shares bucked the positive trend on concerns surrounding a tighter regulatory environment, a day after Liu Shiyu, Chairman of the China Securities Regulatory Commission (CSRC), warned against ‘barbaric’ share acquisitions. The China Insurance Regulatory Commission has suspended Foresea Life Insurance Company from selling new life insurance policies and proposing new products, further denting investor sentiment.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,199.65 | -5.06 | -0.16 |
Hang Seng | 22,657.20 | 151.65 | 0.67 |
Jakarta Composite | 5,272.96 | 4.66 | 0.09 |
KLSE Composite | 1,629.73 | 4.76 | 0.29 |
Nikkei 225 | 18,360.54 | 85.55 | 0.47 |
Straits Times | 2,949.12 | 6.07 | 0.21 |
KOSPI Composite | 1,989.86 | 26.50 | 1.35 |
Taiwan Weighted | 9,250.77 | 90.11 | 0.98 |