Asian markets end mostly higher on Tuesday

23 Apr 2019 Evaluate

Asian markets ended mostly higher on Tuesday, with modest gains, as many markets reopened after the long Easter break, while oil jumped to its highest this year as the United States said it would soon impose sanctions on all buyers of Iranian oil. The Trump administration said it would no longer exempt any countries from US sanctions if they continue to buy Iranian oil. Japanese shares eked out modest gains, with oil-related stocks pacing the gainers after oil prices hit 2019 highs. However, Chinese stocks extended losses on concerns that Beijing will slow the pace of further policy easing after unexpectedly strong first-quarter economic data last week. Reports from a recent high-level meeting in China, which was chaired by President Xi Jinping, showed willingness to fine-tune monetary policy but raised questions about future government stimulus. Besides, traders remained on sidelines ahead of a slew of US earnings reports from big companies such as Twitter starting Tuesday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,198.59	-16.45	-0.51
Hang Seng	29,963.24	-0.02	--
Jakarta Composite	6,462.82	48.08	0.75
KLSE Composite	1,627.44	5.38	0.33
Nikkei 225	22,259.74	41.84	0.19
Straits Times	3,353.47	-4.23	-0.13
KOSPI Composite	2,220.51	3.86	0.17
Taiwan Weighted	11,025.68	37.97	0.35

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