Most of the Asian markets ended lower on Tuesday, saddled by the caution ahead to this year’s last Federal Reserve’s policy meeting coupled with the looming worries over surging inflation and accelerated Omicron virus infections around the globe. Shanghai retreated amid woes over debt risks faced by property developers and as Omicron cases been reported in some of its major cities and as virus-hit areas suspending business operations. The blue-chip CSI300 index was down 0.67%, with its financial sector sub-index losing 1.17%, the resources sector falling 2.3%, the real-estate index down 2.47% and consumer discretionary firms ending 2% lower. Additionally, many companies in one of China's biggest manufacturing hubs suspended operations amid attempts to contain a COVID-19 outbreak.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,661.53 | -19.55 | -0.53 |
Hang Seng | 23,635.95 | -318.63 | -1.33 |
Jakarta Composite | 6,615.64 | -47.23 | -0.71 |
KLSE Composite | 1,480.92 | -13.94 | -0.93 |
Nikkei 225 | 28,432.64 | -207.85 | -0.73 |
Straits Times | 3,121.09 | 1.14 | 0.04 |
KOSPI Composite | 2,987.95 | -13.71 | -0.46 |
Taiwan Weighted | 17,599.37 | -168.23 | -0.95 |
