The Asian markets closed mostly in green on Tuesday amid receding worries about a trade war as US President Donald Trump faced mounting pressure from political allies to reconsider his decision to impose tariffs on steel and aluminum imports. US House of Representatives Speaker Paul Ryan urged Trump to rethink the planned tariffs on steel and aluminum as confusion persisted about the timing and extent of the planned tariffs. Trump indicated that the tariffs would be removed if the US negotiates a ‘new & fair’ NAFTA agreement. Chinese stocks posted strong gains after reports that China's securities regulator is considering giving Chinese investors access to offshore-listed tech companies via depositary receipts. Further, the Japanese index Nikkei rose after Wall Street shares rallied overnight, with the dollar’s bounce lifting exporter shares.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,289.64 | 32.72 | 1.00 |
Hang Seng | 30,510.73 | 624.34 | 2.09 |
Jakarta Composite | 6,500.11 | -50.48 | -0.77 |
KLSE Composite | 1,848.37 | 5.75 | 0.31 |
Nikkei 225 | 21,417.76 | 375.67 | 1.79 |
Straits Times | 3,491.92 | 53.31 | 1.55 |
KOSPI Composite | 2,411.41 | 36.35 | 1.53 |
Taiwan Weighted | 10,784.34 | 141.44 | 1.33 |
