Asian markets ended higher on Tuesday, tracking Wall Street gains overnight after pullback in US Treasury yields along with easing fears about inflation as well as monetary tightening. Meanwhile, investors are keenly awaiting inflation data due in the United States later this week for more clues about when the central bank might start tapering its bond purchases. Chinese shares settled higher, supported by China’s efforts to temper commodity prices that helped ease investor concerns about inflation. Moreover, Japanese shares finished higher, even after reports suggested that Japan was leaning towards extending the emergency measures beyond May 31.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,581.34 | 84.06 | 2.40 |
Hang Seng | 28,910.86 | 498.60 | 1.75 |
Jakarta Composite | 5,815.84 | 52.21 | 0.91 |
KLSE Composite | 1,577.82 | 6.00 | 0.38 |
Nikkei 225 | 28,553.98 | 189.37 | 0.67 |
Straits Times | 3,146.09 | 22.48 | 0.72 |
KOSPI Composite | 3,171.32 | 27.02 | 0.86 |
Taiwan Weighted | 16,595.67 | 257.38 | 1.58 |
