Asian markets ended mostly higher on Tuesday tracking gains in Wall Street stocks overnight as US House Speaker Nancy Pelosi expressed confidence that congressional democrats are near a deal on a large spending package, while Tesla topped $1 trillion in market value. Seoul shares advanced amid expectations of strong corporate earnings. Japanese shares gained ahead of lower house election. The poll results suggesting that Prime Minister Fumio Kishida's ruling Liberal Democratic Party is likely to keep substantially more than half the seats in parliament in this weekend's general election. However, Chinese shares ended lower as sustained worries over a planned pilot real-estate tax scheme dented sentiment. Chinese shares were also dragged down by selling pressure from property shares after the Chinese property developer Modern Land missed a bond payment.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,597.64 | -12.22 | -0.34 |
Hang Seng | 26,038.27 | -93.76 | -0.36 |
Jakarta Composite | 6,656.94 | 31.24 | 0.47 |
KLSE Composite | 1,584.20 | -3.74 | -0.24 |
Nikkei 225 | 29,106.01 | 505.60 | 1.77 |
Straits Times | 3,204.57 | 2.71 | 0.08 |
KOSPI Composite | 3,049.08 | 28.54 | 0.94 |
Taiwan Weighted | 17,034.34 | 140.10 | 0.83 |
