Most of the Asian equity indices finished the day’s trade in the positive terrain on Tuesday after a subdued opening as short-covering witnessed in most of the Asian peers. Chinese Shanghai Composite ended the session with again of 0.4 percent in lackluster turnover, as gains in beaten down financials outweighed losses in underperforming property plays. However, Japanese Nikkei closed over one and half a percent as investors fretted over Europe’s stability after a major ratings agency downgraded Italy’s sovereign debt. S&P late on Monday cut Italy’s sovereign-debt rating by one investment grade notch to A from A+, saying that the nation's weak economic growth and fragile government coalition will make it harder to head off the growing crisis sweeping the euro zone.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,447.76 | 9.96 | 0.41 |
Hang Seng | 19014.80 | 96.85 | 0.51 |
Jakarta Composite | 3,752.11 | -2.94 | -0.08 |
KLSE Composite | 1,410.64 | -2.48 | -0.18 |
Nikkei 225 | 8,721.24 | -142.92 | -1.61 |
Straits Times | 2,780.84 | 23.61 | 0.86 |
Seoul Composite | 1,837.97 | 17.03 | 0.94 |
Taiwan Weighted | 7,492.85 | 11.97 | 0.16 |
