Asian markets settled mostly lower on Tuesday, tracking lacklustre trading on Wall Street overnight. Further, concerns over potential impact of a widening power shortage in China, surging corona-virus cases and a rise in US treasury yields also kept the market sentiments bearish. While, global investors look ahead to speeches from several US Fed officials this week for cues on the central bank’s plan on hiking interest rates. Japanese shares ended slightly lower, despite expectations for a steady economic growth momentum under a new political leadership in the run-up to a ruling party election. However, Chinese markets gained after the Chinese central bank PBoC pledged to ensure a ‘healthy property market’ and protect homebuyers amid the China Evergrande Group debt crisis.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,602.22 | 19.39 | 0.54 |
Hang Seng | 24,500.39 | 291.61 | 1.20 |
Jakarta Composite | 6,113.11 | -9.39 | -0.15 |
KLSE Composite | 1,546.82 | 13.77 | 0.90 |
Nikkei 225 | 30,183.96 | -56.10 | -0.19 |
Straits Times | 3,077.69 | -22.61 | -0.73 |
KOSPI Composite | 3,097.92 | -35.72 | -1.14 |
Taiwan Weighted | 17,181.44 | -132.33 | -0.76 |
