Asian markets settled mostly higher on Tuesday after falling heavily in the previous session on concerns that the new coronavirus strain Omicron could derail the global economic recovery. Chinese and Hong Kong shares rose as real estate shares extended their rebound as investors cheered efforts by policymakers to prevent a contagion from financial woes at China Evergrande Group and several other heavily indebted developers. Seoul shares gained with bargain hunting after the key index's recent drop over Omicron tensions. Japanese shares rebounded by strong gains in tech heavyweights.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,625.13 | 31.53 | 0.88 |
Hang Seng | 22,971.33 | 226.47 | 1.00 |
Jakarta Composite | 6,554.31 | 7.20 | 0.11 |
KLSE Composite | 1,492.59 | -1.31 | -0.09 |
Nikkei 225 | 28,517.59 | 579.78 | 2.08 |
Straits Times | 3,085.08 | 12.11 | 0.39 |
KOSPI Composite | 2,975.03 | 12.03 | 0.41 |
Taiwan Weighted | 17,789.27 | 120.16 | 0.68 |