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Most Asian markets end higher on policy easing hopes

31 Jul 2012 Evaluate

Most Asian markets ended higher on Tuesday amid hopes for policy easing from major global central banks.  Some positive earnings reports helped Japanese and Hong Kong stocks to hold gains for the fourth consecutive day. Defying the regional trend for the second time this week, China's Shanghai Composite Index dropped 0.3% to 2,103.63, finishing at its worst level since March 2009. However, South Korea’s Kospi Index advanced 2.1 percent even after data showed industrial production of the country dropped.

Asian Indices

Last Trade

Change in Points

Change in %

Shanghai Composite

2,103.63

-6.28

-0.30

Hang Seng

19,796.81

211.41

1.08

Jakarta Composite

4,142.34

43.22

1.05

KLSE Composite

1,631.60

-0.75 

-0.05

Nikkei 225

8,695.06

59.62

0.69

Straits Times

3,036.40

3.60

0.12

KOSPI Composite

1,881.99

38.20

2.07

Taiwan Weighted

7,270.49

111.61

1.56