Asian markets ended mixed on Tuesday on concerns over earlier-than-expected US interest rate hike. Investors are now looking ahead to retail inflation data for December due on Wednesday as well as US Federal Reserve Chairman Jerome Powell’s Senate Banking Committee hearing later in the day for fresh clues on the timing and pace of policy normalization. Japanese shares declined sharply tracking Wall Street's weakness in overnight amid caution about the US Federal Reserve's possible rate increase as soon as March. Chinese shares finished lower with an uptick in Covid-19 cases in the country. Meanwhile, Seoul shares finished flat ahead of this week's Bank of Korea's monetary policy decision for directional cues, while data showed South Korean exports jumped an annual 24.4% in January 1-10 period followed by strong demand in semiconductors petrochemical goods and cars.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,567.44 | -26.08 | -0.73 |
Hang Seng | 23,739.06 | -7.48 | -0.03 |
Jakarta Composite | 6,647.97 | -43.15 | -0.64 |
KLSE Composite | 1,564.29 | 14.12 | 0.91 |
Nikkei 225 | 28,222.48 | -256.08 | -0.90 |
Straits Times | 3,247.07 | 20.02 | 0.62 |
KOSPI Composite | 2,927.38 | 0.66 | 0.02 |
Taiwan Weighted | 18,288.21 | 48.83 | 0.27 |
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