Asian equity markets ended mixed on Tuesday as oil prices fell and Beijing stepped up its crackdown on shadow banking and other risky forms of financing. Investors also awaited developments on US tax reform bills ahead of a crucial Senate vote and the confirmation hearing for incoming Federal Reserve Governor Jerome Powell. Japanese shares ended marginally lower after a government source said that Japan has detected radio signals from North Korea that indicate Pyongyang could be preparing for another ballistic missile. The yen reversed gains, helping limit overall losses in the broader market. Meanwhile, Chinese shares ended higher as investors hunted for bargains at lower levels after recent declines.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,333.66 | 11.43 | 0.34 |
Hang Seng | 29,680.85 | -5.34 | -0.02 |
Jakarta Composite | 6,070.72 | 6.13 | 0.10 |
KLSE Composite | 1,714.42 | -5.44 | -0.32 |
Nikkei 225 | 22,486.24 | -9.75 | -0.04 |
Straits Times | 3,442.35 | 5.99 | 0.17 |
KOSPI Composite | 2,514.19 | 6.38 | 0.25 |
Taiwan Weighted | 10,707.07 | -43.86 | -0.41 |