Asian markets ended higher on Tuesday after strong gains on Wall Street overnight on optimism over economic activity recovery, despite the reports of surging corona virus pandemic cases worldwide. Market sentiment improved further on strong data from the US housing market and Chinese factories. Data showing that China's manufacturing sector expanded more than expected in June, and at a slightly faster rate with a manufacturing PMI score of 50.9. That beat expectations for 50.4 and was up from 50.6 in May. The non-manufacturing index came in with a score of 54.4, beating expectations for 54.1 and up from 53.6 in the previous month. Data showed that the amount of future home sales in the US in May increased by 44.3% month-on-month against expected growth of 18.9%. Investors shrugged off disappointing economic data released from Japan earlier in the day, including rising unemployment and weak factory activity for May.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,984.67 | 23.15 | 0.78 |
Hang Seng | 24,427.19 | 125.91 | 0.52 |
Jakarta Composite | 4,905.39 | 3.57 | 0.07 |
KLSE Composite | 1,500.97 | 6.54 | 0.44 |
Nikkei 225 | 22,288.14 | 293.10 | 1.33 |
Straits Times | 2,589.91 | 15.81 | 0.61 |
KOSPI Composite | 2,108.33 | 14.85 | 0.71 |
Taiwan Weighted | 11,621.24 | 78.62 | 0.68 |
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