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Asian markets settle mostly higher on Tuesday

29 Mar 2022 Evaluate

Asian markets ended mostly higher on Tuesday as a new round of peace talks between Russia and Ukraine began in Turkey, which raised expectations of progress in ending a war that has devolved into a violent attrition battle. Japanese shares gained after the BOJ vowed to defend a key yield cap, offering to buy unlimited government bonds for the first four days of this week in the face of growing inflationary pressures. However, Chinese shares declined as a tightening Covid-19 lockdown in China’s financial hub Shanghai weighed on growth outlook for the world’s second-largest economy. Meanwhile, State-owned Securities Times indicated that the People’s Bank of China (PBOC) could reduce bank reserve requirements to support credit expansion and boost economic growth.

Indices

Last Trade                   

Change in Points      

Change in %    

Shanghai Composite       

3,203.94
-10.56
-0.33

Hang Seng

21,927.63
242.66
1.12                                    

Jakarta Composite

7,011.69
-37.91
-0.54                                     

KLSE Composite

1,583.42-14.53
-0.91

Nikkei 225

28,252.42
308.53
1.10                                    

Straits Times

3,433.90
1.91
0.06                                   

KOSPI Composite

2,741.07
11.51
0.42                                   

Taiwan Weighted

17,548.66
28.65
0.16


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