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Asian markets end mostly higher on Tuesday

27 Aug 2019 Evaluate

Asian markets ended mostly higher on Tuesday after Trump hints possibility of a trade deal with China, saying he believed China was sincere in its desire to reach an agreement. Chinese shares ended higher as Chinese officials called for the resolution of trade dispute with the US and as a report showed China's industrial firms returned to profit in July. Profits at China’s large industrial firms recovered in July, posting year-on-year growth of 2.6%, following a decline of 3.1% slump in June. Japanese shares ended up after Trump said the US had no plan to imminently impose new tariffs on autos imported from Japan. However, Hong Kong shares declined after protests turned violent in the western New Territories district of Tsuen Wan.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,902.19
38.62
1.35

Hang Seng

25,664.07
-16.26
-0.06

Jakarta Composite

6,278.17
63.66
1.02

KLSE Composite

1,590.84

-9.69

-0.61

Nikkei 225

20,456.08
195.04
0.96

Straits Times

3,067.52
2.19
0.07

KOSPI Composite

1,924.60
8.29
0.43

Taiwan Weighted

10,387.23
32.66
0.32

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