Asian equity markets made a mixed closing on Tuesday as investors awaited Congressional testimony later in the day by the new Federal Reserve Chairman Jerome Powell for further insights into the central bank's view on inflation and interest rates. Japanese shares rallied after US stocks hit their highest level in over three weeks overnight amid declining Treasury yields on easing worries over rate hikes. However, Chinese shares snapped a six-session winning streak, led lower by real estate and resource firms, as investors booked profits after a recent strong rally.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,292.07 | -37.51 | -1.13 |
Hang Seng | 31,268.66 | -229.94 | -0.73 |
Jakarta Composite | 6,598.93 | 44.25 | 0.68 |
KLSE Composite | 1,871.46 | 11.38 | 0.61 |
Nikkei 225 | 22,389.86 | 236.23 | 1.07 |
Straits Times | 3,540.39 | -15.46 | -0.43 |
KOSPI Composite | 2,456.14 | -1.51 | -0.06 |
Taiwan Weighted | 10,815.47 | -21.23 | -0.20 |
