Asian markets end mostly in green on Tuesday

13 Feb 2018 Evaluate

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	-	-	-

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