Asian markets ended mostly higher on Tuesday as investors looked ahead to a key Federal Reserve meeting and more talks on the US-China trade dispute. Market participants expect the Fed to cut the target range for the federal funds rate by 25 bps at the end of a two-day policy meeting on Wednesday. Japanese shares ended higher as risk appetite buying propelled by a weaker yen against greenback, and after the Bank of Japan (BoJ) kept its ultra-low interest rates unchanged as widely expected and said it would not hesitate to make adjustments if necessary. Further, Seoul shares bounced back after previous day's sharp losses amid a worsening diplomatic and economic spat with Japan. Meanwhile, Malaysian markets are closed today due to a public holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,952.34 | 11.33 | 0.39 |
Hang Seng | 28,146.50 | 40.09 | 0.14 |
Jakarta Composite | 6,377.00 | 77.96 | 1.24 |
KLSE Composite | - | - | - |
Nikkei 225 | 21,709.31 | 92.51 | 0.43 |
Straits Times | 3,350.54 | 4.15 | 0.12 |
KOSPI Composite | 2,038.68 | 9.20 | 0.45 |
Taiwan Weighted | 10,830.90 | -54.83 | -0.50 |
