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Asian markets end mostly higher on Tuesday

09 Feb 2021 Evaluate

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

-
-
-