Asian markets settled mostly higher on Tuesday as investors took the US Fed chief Jerome Powell's speech at Jackson Hole Symposium as a sign the Fed will keep supporting the market with low interest rates. Although, concerns over surging corona-virus cases in the Asian region and continuing regulatory clampdown in China pressurizing market sentiments. Chinese gaming stocks listed in the US came under pressure after regulators in Beijing introduced new rules that limit the number of hours kids can play online video games. Official data showed that activity in China’s services sector slipped into contraction in August. Japanese shares gained after reports that Japanese Prime Minister Yoshihide Suga is considering replacing the ruling party's powerful secretary-general, Toshihiro Nikai, as the Japanese leader struggles with low approval ratings amid surging coronavirus infections.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,543.94 | 15.79 | 0.45 |
Hang Seng | 25,878.99 | 339.45 | 1.33 |
Jakarta Composite | 6,150.30 | 5.40 | 0.09 |
KLSE Composite | |||
Nikkei 225 | 28,089.54 | 300.25 | 1.08 |
Straits Times | 3,055.05 | -47.06 | -1.52 |
KOSPI Composite | 3,199.27 | 55.08 | 1.75 |
Taiwan Weighted | 17,490.29 | 93.77 | 0.54 |
