Asian markets ended higher on Tuesday amid bets that Chinese policy makers will likely roll out more measures to support the economy and minimize the fallout from the corona virus outbreak. China's central bank should consider lowering its benchmark deposit rate to enable banks to reduce lending rates and help small businesses weather the economic fallout from the fast-spreading corona virus, a central bank advisor said. Since the outbreak began in Wuhan late last year, it has infected over 42,000 and killed over 1,000 worldwide, the overwhelming majority of which in China. Meanwhile, markets in Japan were closed in observance of National Day.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,901.67 | 11.18 | 0.39 |
Hang Seng | 27,583.88 | 342.54 | 1.26 |
Jakarta Composite | 5,954.40 | 2.32 | 0.04 |
KLSE Composite | 1,549.95 | 7.15 | 0.46 |
Nikkei 225 | - | - | - |
Straits Times | 3,175.57 | 12.42 | 0.39 |
KOSPI Composite | 2,223.12 | 22.05 | 1.00 |
Taiwan Weighted | 11,664.04 | 89.97 | 0.78 |
