Asian markets ended higher on Tuesday despite uncertainty over the progress of Sino-US trade talks and an escalation of violence in protests in Hong Kong. Meanwhile, caution ruled ahead of US President Donald Trump's speech at the Economic Club of New York later in the day in case there was any new word on the Sino-US Phase one trade deal. Japanese shares ended higher as the yen hovered near a five-month low versus the dollar, helping lift shares of companies that export a lot of goods. Further, Chinese stocks closed slightly higher on hopes that Beijing will roll out more stimulus measures after data showing China’s new bank loans drop to lowest level in almost two years in October. Banks lent CNY 661.3 billion loans in October compared to CNY 1.69 trillion in September. Lending was forecast to fall to CNY 800 billion.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,914.82 | 4.85 | 0.17 |
Hang Seng | 27,065.28 | 138.73 | 0.52 |
Jakarta Composite | 6,180.99 | 32.25 | 0.52 |
KLSE Composite | 1,609.73 | 1.58 | 0.10 |
Nikkei 225 | 23,520.01 | 188.17 | 0.81 |
Straits Times | 3,267.80 | 27.15 | 0.84 |
KOSPI Composite | 2,140.92 | 16.83 | 0.79 |
Taiwan Weighted | 11,520.37 | 93.09 | 0.81 |
