Asian markets ended mostly higher on Tuesday, driven by optimism over progress in the US stimulus talks. Tom Barkin, the president of the Richmond Fed, has shrugged off concerns that further fiscal stimulus might generate an unhealthy jump in inflation this year and saying the US economic recovery still needs support. Japanese shares closed higher, with sentiment underpinned by expectations of a quick economic recovery following strong domestic corporate earnings and progress on vaccine rollouts. Further, Chinese shares ended up following Beijing's latest reform measures for the stock market.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,603.49 | 71.04 | 2.01 |
Hang Seng | 29,476.19 | 156.72 | 0.53 |
Jakarta Composite | 6,181.67 | -27.20 | -0.44 |
KLSE Composite | 1,586.13 | 12.80 | 0.81 |
Nikkei 225 | 29,505.93 | 117.43 | 0.40 |
Straits Times | 2,935.27 | 3.87 | 0.13 |
KOSPI Composite | 3,084.67 | -6.57 | -0.21 |
Taiwan Weighted | - | - | - |
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