Asian markets settled lower on Tuesday ahead of the outcome of US Federal Reserve’s meet on Wednesday that expected to give clues on its monetary policy direction. Further, growing Omicron concerns and geopolitical tensions over Ukraine also added pressure on market sentiments. Seoul shares declined on account of massive sell-off from foreign investors. Meanwhile, Bank of Korea data showed earlier in the day that South Korea's economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and construction activity.
Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,433.06 | -91.05 | -2.58 |
Hang Seng | 24,243.61 | -412.85 | -1.67 |
Jakarta Composite | 6,568.17 | -87.00 | -1.31 |
KLSE Composite | 1,508.91 | -12.95 | -0.85 |
Nikkei 225 | 27,131.34 | -457.03 | -1.66 |
Straits Times | 3,247.76 | -35.59 | -1.08 |
KOSPI Composite | 2,720.39 | -71.61 | -2.56 |
Taiwan Weighted | 17,701.12 | -287.92 | -1.60 |
