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Asian markets settle mostly lower on Tuesday

12 Oct 2021 Evaluate

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


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