Asian markets ended mostly higher on Tuesday, tracked by gains from Wall Street overnight, while investors are cautiously focused to the upcoming central bank meetings this week for further direction. The US Federal Reserve's monetary policy statement is due on Wednesday, while the Bank of Japan and the Bank of England are scheduled to announce their respective monetary policy decisions on Thursday. Though, Japanese shares closed lower on profit taking after a three-day rally in the run up to the ruling party election, where Abe ally Yoshihide Suga was picked as the new leader. The Japanese yen's surge also pressured exporters. Chinese shares ended higher on optimism about the economic recovery in China after data showed that the country's industrial production and retail sales increased in August from a year ago and beat expectations, while fixed asset investment declined for the January-to-August period.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,295.68 | 16.87 | 0.51 |
Hang Seng | 24,732.76 | 92.48 | 0.38 |
Jakarta Composite | 5,100.86 | -60.97 | -1.18 |
KLSE Composite | 1,531.28 | 19.92 | 1.32 |
Nikkei 225 | 23,454.89 | -104.41 | -0.44 |
Straits Times | 2,485.83 | 3.28 | 0.13 |
KOSPI Composite | 2,443.58 | 15.67 | 0.65 |
Taiwan Weighted | 12,845.65 | 57.83 | 0.45 |
