Asian markets settled higher on Tuesday, tracking gains in Wall Street overnight with hopes that the newest Covid-19 variant Omicron will prove less dangerous than earlier strains like Delta. Japanese shares gained, with the Nikkei marking its biggest percentage gain since November 1, as investors offset data showing that Japan's household spending declined for the third straight month in October. Chinese shares edged marginally higher after the Chinese central bank PBoC released about 1.2 trillion yuan ($188 billion) of liquidity into the financial system via a cut in the reserve requirement ratio for most banks. China’s exports and imports grew faster than expected in November, data from the General Administration of Customs showed earlier today. However, lingering concerns over a crisis in the China’s property sector capped the upside.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,595.09 | 5.78 | 0.16 |
Hang Seng | 23,983.66 | 634.28 | 2.72 |
Jakarta Composite | 6,602.57 | 55.45 | 0.85 |
KLSE Composite | 1,497.97 | 14.52 | 0.98 |
Nikkei 225 | 28,455.60 | 528.23 | 1.89 |
Straits Times | 3,134.66 | 18.34 | 0.59 |
KOSPI Composite | 2,991.72 | 18.47 | 0.62 |
Taiwan Weighted | 17,796.92 | 108.71 | 0.61 |
