Asian stocks ended in red on Tuesday after the S&P 500 as well as the Dow Jones Industrial Average suffered their biggest percentage drops since 2011 overnight and erased all of their gains for 2018 on concerns about rising inflation and potentially higher interest rates. Japanese shares ended lower as a surging yen following Monday's record plunge on the Dow Jones Industrial Average in New York hit exporters. Further, Chinese shares tumbled as a global market rout intensified, with the Shanghai index posting its biggest loss in nearly two years on worries that inflationary pressures will prompt central banks to raise rates faster than expected.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,370.65 | -116.84 | -3.35 |
Hang Seng | 30,595.42 | -1649.80 | -5.12 |
Jakarta Composite | 6,478.54 | -111.13 | -1.69 |
KLSE Composite | 1,812.45 | -40.62 | -2.19 |
Nikkei 225 | 21,610.24 | -1071.84 | -4.73 |
Straits Times | 3,406.38 | -76.55 | -2.20 |
KOSPI Composite | 2,453.31 | -38.44 | -1.54 |
Taiwan Weighted | 10,404.00 | -542.25 | -4.95 |
