Asian markets ended mostly higher on Tuesday as investors looked forward to the next round of US-China trade talks, set to resume in couple of weeks. Chinese shares ended higher on optimism that policymakers will step up efforts to stabilize economic growth. China cut its new one-year benchmark lending rate for the second month in a row on Friday, as the central bank seeks to lower borrowing costs to support smaller firms affected by the trade war and wider slowdown. Meanwhile, Japanese shares ended almost flat as traders returned to their desks after a long holiday weekend. Investors shrugged off survey results from IHS Markit showing that Japan's private sector expanded at a slightly slower pace in September as manufacturing activity contracted further amid rising external headwinds.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,985.34 | 8.26 | 0.28 |
Hang Seng | 26,281.00 | 58.60 | 0.22 |
Jakarta Composite | 6,137.61 | -68.59 | -1.11 |
KLSE Composite | 1,592.33 | -0.60 | -0.04 |
Nikkei 225 | 22,098.84 | 19.75 | 0.09 |
Straits Times | 3,155.46 | 12.22 | 0.39 |
KOSPI Composite | 2,101.04 | 9.34 | 0.45 |
Taiwan Weighted | 10,918.01 | -1.01 | -0.01 |
