Asian markets made a mixed closing on Tuesday

28 Feb 2017 Evaluate

Asian equity markets ended on a mixed note on Tuesday as investors awaited US President Donald Trump's address before a joint session of Congress tonight, where he is expected to lay out plans for pro-business policies including tax reform, health care and infrastructure spending. Chinese shares ended higher in thin trading after Trump said the United States attaches great importance to cooperative relations with China. Japanese shares too inched higher despite a stronger yen and comments from BOJ Governor Haruhiko Kuroda that Japan was still distant from achieving its 2 percent inflation target. The day's economic reports also painted a mixed picture, with Japan's industrial output declining for the first time in six months in January, while housing starts expanded at a faster pace and retail sales increased for a third straight month. Meanwhile, the Taiwanese market was closed for the Peace Memorial Day holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,241.73	13.07	0.40
Hang Seng	23,740.73	-184.32	-0.77
Jakarta Composite	5,386.69	3.82	0.07
KLSE Composite	1,693.77	-0.07	--
Nikkei 225	19,118.99	11.52	0.06
Straits Times	3,096.61	-12.01	-0.39
KOSPI Composite	2,091.64	6.12	0.29
Taiwan Weighted	-	-	-

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