Asian equity markets ended mostly higher on Tuesday after the major US averages hit fresh record closing highs overnight, boosted by rallying oil prices and corporate dealmaking news. Higher commodity prices, including the overnight surge in crude oil prices after a purge of royal family's political rivals in Saudi Arabia helped investors shrug off US President Donald Trump's fiery rhetoric on North Korea and uncertainties related to proposed US tax reform. Chinese shares ended higher, with banking and energy firms leading the surge on optimism over global growth. Further, Japanese shares ended higher, with a weaker yen and optimism over corporate earnings buoying investor sentiment.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,413.58 | 25.40 | 0.75 |
Hang Seng | 28,994.34 | 397.54 | 1.39 |
Jakarta Composite | 6,060.45 | 9.63 | 0.16 |
KLSE Composite | 1,750.94 | 8.65 | 0.50 |
Nikkei 225 | 22,937.60 | 389.25 | 1.73 |
Straits Times | 3,413.10 | 31.25 | 0.92 |
KOSPI Composite | 2,545.44 | -3.97 | -0.16 |
Taiwan Weighted | 10,840.34 | 54.15 | 0.50 |