Asian markets ended mostly lower on Tuesday, tracking weakness in Wall Street overnight. Market sentiments weakened further amid mounting concerns about the developer’s financial health after Chinese property developer Fantasia Holdings failed to repay a maturing bond, adding to the risks stemming from China Evergrande Group’s debt crisis. Meanwhile, Chinese markets will remain shut until Friday for the Golden Week holidays. Growing anxiety within the Biden administration about the debt ceiling tussle in the United States and rising Treasury yields also weighed on markets. Japanese shares declined to one-month lows as surging oil prices stoked further worries about inflation and monetary tightening globally, while new Japanese Prime Minister Fumio Kishida's proposal to raise tax on capital gains also dampened sentiment.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | 24,104.15 | 67.78 | 0.28 |
Jakarta Composite | 6,288.05 | -54.64 | -0.86 |
KLSE Composite | 1,530.42 | 7.95 | 0.52 |
Nikkei 225 | 27,822.12 | -622.77 | -2.19 |
Straits Times | 3,068.12 | -21.53 | -0.70 |
KOSPI Composite | 2,962.17 | -57.01 | -1.89 |
Taiwan Weighted | 16,460.75 | 52.40 | 0.32 |
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