Asian equity markets ended mixed on Tuesday as tumbling oil prices, European political risks and an impending Federal Reserve meeting remained high on investors' radar. Meanwhile, a slew of positive data out of China drew a lukewarm response. Chinese shares ended on a flat note even as a slew of economic reports suggested that the world's second-largest economy remained strong at the start of 2017. Chinese factory output and fixed-asset investment figures for the first two months of the year exceeded estimates, but annual growth in retail sales slowed during the period. Another report showed that China's property sales surged in the first two months of the year despite a slew of government curbs since October. Japanese shares fell from a 15-month high as the dollar fell against the yen ahead of this week's BoJ and Federal Reserve monetary policy meetings. The Fed is widely expected to increase interest rates at the end of its two-day policy meeting on Wednesday, while the Bank of Japan is expected to keep its rates and yield-curve policy steady when it reviews its monetary policy on Thursday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,239.33 | 2.30 | 0.07 |
Hang Seng | 23,811.92 | -17.75 | -0.07 |
Jakarta Composite | 5,431.58 | 22.21 | 0.41 |
KLSE Composite | 1,722.47 | 0.55 | 0.03 |
Nikkei 225 | 19,609.50 | -24.25 | -0.12 |
Straits Times | 3,143.40 | -3.75 | -0.12 |
KOSPI Composite | 2,133.78 | 16.19 | 0.76 |
Taiwan Weighted | 9,744.21 | 46.87 | 0.48 |
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