Asian markets ended mostly lower on Tuesday as sentiment turned cautious ahead of Fed Chairman Jay Powell's two-day testimony to Congress on Wednesday and Thursday, with markets waiting to see whether the language will be dovish enough after the release of a stronger-than-expected jobs report. Powell is due to testify before the House Financial Services Committee on Wednesday and before the Senate Banking Committee on Thursday. Chinese shares ended down as investors fretted about a lack of clarity in US-China trade talks following last week's G20 summit in Japan. Seoul shares retreated on economic concerns as a Japanese minister ruled out a withdrawal of restrictions on Japanese high-tech exports to South Korea, saying the curbs did not violate World Trade Organization rules. Though, Japanese markets eked out small gains even as technology shares slumped after Rosenblatt Securities downgraded its rating on Apple's stock to ‘Sell’ from ‘Neutral’.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,928.23 | -5.13 | -0.17 |
Hang Seng | 28,116.28 | -215.41 | -0.76 |
Jakarta Composite | 6,388.32 | 36.49 | 0.57 |
KLSE Composite | 1,682.87 | 5.23 | 0.31 |
Nikkei 225 | 21,565.15 | 30.80 | 0.14 |
Straits Times | 3,329.46 | -4.77 | -0.14 |
KOSPI Composite | 2,052.03 | -12.14 | -0.59 |
Taiwan Weighted | 10,702.78 | -48.44 | -0.45 |
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