Asian markets ended mostly lower on Tuesday as investors awaited US Fed's policy announcement due on Wednesday that could reveal more about its plans to taper stimulus measures and hike interest rates. Japanese shares closed lower on profit taking after a strong rally following Japanese Prime Minister Fumio Kishida's election victory. Chinese shares declined sharply on growing concerns about the country's economic outlook after China-based property developer Yango Group offered to exchange some US dollar bonds for new notes personally guaranteed by its chairman to avoid defaulting on upcoming debt payments. However, Seoul shares gained after the government’s plan to seek inclusion into MSCI’s developed markets index.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,505.63 | -38.85 | -1.10 |
Hang Seng | 25,099.67 | -54.65 | -0.22 |
Jakarta Composite | 6,493.28 | -59.61 | -0.91 |
KLSE Composite | 1,537.63 | 6.71 | 0.44 |
Nikkei 225 | 29,520.90 | -126.18 | -0.43 |
Straits Times | 3,232.37 | 13.32 | 0.41 |
KOSPI Composite | 3,013.49 | 34.55 | 1.16 |
Taiwan Weighted | 17,065.97 | -2.27 | -0.01 |
