Asian equity markets ended mostly higher on Tuesday as investors put trade worries on the back burner and shifted focus to the earnings season. Chinese shares ended higher after the country's central bank injected record liquidity into the banking system via medium-term lending facility to alleviate funding pressure. Market sentiment also got a boost after the State Council, China's cabinet, said the country would adopt a more 'vigorous' fiscal policy to support the economy. In another development, Beijing said it has no intention to devalue the yuan to help exports. Further, Japanese shares ended higher as the yen rally lost steam and data showed the Japanese manufacturing sector continued to expand in July, but at a slower pace.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,905.94 | 46.40 | 1.60 |
Hang Seng | 28,662.57 | 406.45 | 1.42 |
Jakarta Composite | 5,931.84 | 16.04 | 0.27 |
KLSE Composite | 1,762.93 | 4.97 | 0.28 |
Nikkei 225 | 22,510.48 | 113.49 | 0.50 |
Straits Times | 3,292.65 | -1.06 | -0.03 |
KOSPI Composite | 2,280.20 | 10.89 | 0.48 |
Taiwan Weighted | 10,995.39 | 48.50 | 0.44 |
