Asian markets closed mostly lower on Tuesday as the initial euphoria over the US-China truce on import tariffs subsided and investors wondered if a 90-day tariff truce was enough for the two countries to resolve their differences on a range of issues. According to reports, US President Donald Trump has appointed Robert Lighthizer, one of his cabinet's most strident trade hawks, to oversee the next round of trade negotiations with China. China's central bank chief said in an article in the China Finance magazine that the central bank would keep its monetary policy flexible and adjust it appropriately according to changes in the country's economic situation. Japanese shares fell on profit taking after a strong rally in the previous session.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,665.96 | 11.16 | 0.42 |
Hang Seng | 27,260.44 | 78.40 | 0.29 |
Jakarta Composite | 6,152.86 | 34.54 | 0.56 |
KLSE Composite | 1,694.99 | -4.73 | -0.28 |
Nikkei 225 | 22,036.05 | -538.71 | -2.44 |
Straits Times | 3,167.79 | -22.83 | -0.72 |
KOSPI Composite | 2,114.35 | -17.58 | -0.83 |
Taiwan Weighted | 10,083.54 | -54.33 | -0.54 |
