Asian markets ended mostly in green on Tuesday, tracking an overnight rally on Wall Street. The day’s gains in New York came after the Trump administration unveiled a long-awaited infrastructure plan that includes $200 billion in federal infrastructure spending over 10 years. Chinese stocks rebounded as global equity markets appeared to regain some footing after last week’s heavy sell-off. The sentiment was also aided by signs of government support and record bank lending in January. Data showing that China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January - blowing past expectations at nearly five times the previous month’s total - suggesting economic growth will remain supported by robust lending. Meanwhile, Japanese shares closed at four-month low in choppy trade as investors turned risk averse again as the yen rose against the dollar.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,184.96 | 30.83 | 0.98 |
Hang Seng | 29,839.53 | 379.90 | 1.29 |
Jakarta Composite | 6,578.18 | 54.72 | 0.84 |
KLSE Composite | 1,833.02 | 2.85 | 0.16 |
Nikkei 225 | 21,244.68 | -137.94 | -0.65 |
Straits Times | 3,415.07 | 30.09 | 0.89 |
KOSPI Composite | 2,395.19 | 9.81 | 0.41 |
Taiwan Weighted | - | - | - |
