Asian equity markets ended in red on Tuesday as oil extended declines and US bond yields rose to their highest levels in nearly four years on concerns over higher inflation and a rise in real interest rates. Japanese shares closed lower, with a softer lead from Wall Street, a stronger yen and mixed data releases weighing on markets. Japanese household spending eased 0.1 percent in December from a year earlier and the unemployment rate rose slightly, while retail sales rose strongly in the month on increased spending on cars and clothes, separate reports showed. Further, Chinese shares extended losses, led by real estate and banking firms, as investors’ pocketed gains after a selloff in Apple shares knocked Wall Street.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,488.01 | -34.99 | -0.99 |
Hang Seng | 32,607.29 | -359.60 | -1.09 |
Jakarta Composite | 6,575.49 | -105.13 | -1.57 |
KLSE Composite | 1,868.58 | -1.94 | -0.10 |
Nikkei 225 | 23,291.97 | -337.37 | -1.43 |
Straits Times | 3,548.74 | -28.33 | -0.79 |
KOSPI Composite | 2,567.74 | -30.45 | -1.17 |
Taiwan Weighted | 11,076.78 | -145.03 | -1.29 |
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