Asian markets settled mostly lower on Tuesday tracking weakness in the Wall Street overnight, and fresh signs of debt troubles at property developer China Evergrande group also hitting confidence. Also, global inflation worries persisted. Meanwhile, the market was waiting for the official announcement of US tapering the bond purchase in November. Chinese shares declined on growing uncertainty after China’s Evergrande Group missed its third round of bond payments in three weeks. Japanese shares declined by sell-off in big tech stocks amid fears over higher US interest rates.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,546.94 | -44.77 | -1.25 |
Hang Seng | 24,962.59 | -362.50 | -1.43 |
Jakarta Composite | 6,486.27 | 26.57 | 0.41 |
KLSE Composite | 1,583.91 | 13.09 | 0.83 |
Nikkei 225 | 28,230.61 | -267.59 | -0.94 |
Straits Times | 3,112.05 | -1.44 | -0.05 |
KOSPI Composite | 2,916.38 | -39.92 | -1.35 |
Taiwan Weighted | 16,462.84 | -177.59 | -1.07 |