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 |
