Asian markets ended mostly higher on Tuesday after surveys showed factory activity continued to expand in key Asian economies in May. Caixin’s China manufacturing Purchasing Managers' Index rose to 52.0 in May, the highest level since December and inching up from 51.9 in April. South Korea's PMI stood at 53.7 in May, slowing from April but extending growth into an eighth straight month. While, Japan PMI Manufacturing was finalized at 53.0 in May, down from April’s 53.6. Chinese shares ended marginally higher, supported by Beijing’s latest three-child policy after recent data showed population growth slipping to its slowest rate since the 1950s. However, Japanese shares edged lower as investors awaited US factory activity numbers that will be released on Tuesday, and payrolls data due on Friday for further clues on the outlook for the American economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,624.71 | 9.23 | 0.26 |
Hang Seng | 29,468.00 | 316.20 | 1.08 |
Jakarta Composite | 5,947.46 | 98.84 | 1.69 |
KLSE Composite | 1,585.90 | 2.35 | 0.15 |
Nikkei 225 | 28,814.34 | -45.74 | -0.16 |
Straits Times | 3,187.23 | 22.95 | 0.73 |
KOSPI Composite | 3,221.87 | 17.95 | 0.56 |
Taiwan Weighted | 17,162.38 | 93.95 | 0.55 |
