Asian equity markets made a mixed closing on Tuesday as a stronger yen hit exporters in Japan, oil prices slipped on concerns about major oil producers' wavering commitment to output caps and China reported disappointing trade data. Japanese shares fell as the US dollar changed hands in the upper 110 yen range. Meanwhile, Chinese shares ended little changed as the export and import figures fell short of expectations. Chinese exports climbed 7.2 percent year-over-year in July in dollar terms, well below the 11.0 percent spike economists had expected. Imports rose 11.0 percent from a year ago, much slower than the expected growth of 18.0 percent. Separately, central bank data showed that China's foreign exchange reserves increased by $24 billion to a 9-month high of $3.08 trillion in July, as tight regulation contained the outflow.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,281.87 | 2.42 | 0.07 |
Hang Seng | 27,854.91 | 164.55 | 0.59 |
Jakarta Composite | 5,810.56 | 61.27 | 1.07 |
KLSE Composite | 1,781.65 | 3.74 | 0.21 |
Nikkei 225 | 19,996.01 | -59.88 | -0.30 |
Straits Times | 3,318.08 | -2.59 | -0.08 |
KOSPI Composite | 2,394.73 | -4.02 | -0.17 |
Taiwan Weighted | 10,568.97 | -10.41 | -0.10 |