Asian equity markets ended mostly in green on Tuesday despite comments from US President Donald Trump that he doesn't expect much progress from trade talks with China this week in Washington. Trump also accused China and Europe of manipulating their currencies and said he was ‘not thrilled’ with the Federal Reserve for raising interest rates. His comments dented some of the market optimism ahead of lower-level trade talks between the US and China starting later today. Investors also looked ahead to the release of the FOMC meeting minutes on Wednesday and a meeting of central bankers at the Kansas City Fed's Jackson Hole symposium later this week. Chinese shares ended higher as consumer and healthcare firms attracted bargain hunters after recent heavy losses. Further, Japanese shares ended little changed with a positive bias and the yen was flat as investors waited for the outcome of trade talks between the US and China.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,733.83 | 35.36 | 1.29 |
Hang Seng | 27,752.79 | 154.77 | 0.56 |
Jakarta Composite | 5,944.30 | 52.11 | 0.88 |
KLSE Composite | 1,798.11 | 10.53 | 0.59 |
Nikkei 225 | 22,219.73 | 20.73 | 0.09 |
Straits Times | 3,199.89 | -4.82 | -0.15 |
KOSPI Composite | 2,270.06 | 22.18 | 0.98 |
Taiwan Weighted | 10,792.20 | 93.15 | 0.86 |
