Asian markets end mostly lower on Tuesday

15 Mar 2022 Evaluate

Asian markets ended mostly lower on Tuesday as investors assessed the impacts of the latest Covid-19 resurgence in China as well as a looming conflict between Beijing and Washington over the former's support for Russia's invasion of Ukraine. Meanwhile, anxiety over the war in Ukraine and the outlook for higher interest rates also kept investors on edge ahead of this week's Federal Reserve meeting. China's Shanghai Composite index fell on concerns about surging Covid-19 cases and the country's ties with Russia. Investors ignored data showing that China's retail sales and industrial production grew more than expected in January to February period. According to the National Bureau of Statistics, retail sales advanced 6.7 percent on a yearly basis, bigger than the street forecast of 3.0 percent. Nonetheless, the pace of growth slowed from 12.5 percent expansion seen in December. 

Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,063.97

-159.56

-4.95

Hang Seng

18,415.08

-1,116.58

-5.72

Jakarta Composite

6,918.18

-34.02

-0.49

KLSE Composite

1,557.41

-10.03

-0.64

Nikkei 225

25,346.48

38.63

0.15

Straits Times

3,236.04

4.01

0.12

KOSPI Composite

2,621.53

-24.12

-0.91

Taiwan Weighted

16,926.06

-336.98

-1.95


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