Asian markets end mostly in green on Tuesday

01 Aug 2017 Evaluate

Asian equity markets closed mostly higher on Tuesday as stable oil prices, improved corporate earnings in Japan and better-than-expected China Caixin manufacturing PMI data helped investors shrug off geopolitical tensions and policy uncertainty in the United States. Chinese shares ended higher after the latest survey from Caixin revealed the manufacturing sector in China picked up steam in July, with a manufacturing score of 51.1. Other regional manufacturing surveys painted a mixed picture, with activity in Japan, Australia and Taiwan expanding while manufacturing sectors in South Korea, Malaysia and Indonesia swung to contraction in July. Further, Japanese shares ended higher, buoyed by companies such as Nitto Denko and Mitsui Sumitomo Financial Group reporting strong earnings, though gains were tempered by a stronger yen.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,292.64	19.61	0.60
Hang Seng	27,540.23	216.24	0.79
Jakarta Composite	5,805.21	-35.73	-0.61
KLSE Composite	1,765.13	5.10	0.29
Nikkei 225	19,985.79	60.61	0.30
Straits Times	3,338.20	8.68	0.26
KOSPI Composite	2,422.96	20.25	0.84
Taiwan Weighted	10,437.29	9.96	0.10

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