Asian markets ended mostly lower on Tuesday, tracking negative cues from Wall Street overnight as investors grew increasingly concerned about soaring Treasury bond yields and tightening monetary policy by the US central bank to counter inflation. Meanwhile, investors are awaiting crucial US inflation data and the ECB policy meeting. Concerns over Russia-Ukraine war and a surge in Covid-19 cases across different Chinese cities also weighed on market sentiments. Japanese shares settled lower, with index heavyweight technology stocks leading declines on worries about stretched valuations. However, Chinese shares ended sharply higher after the country's securities watchdog wants listed companies to repurchase their own shares and their major shareholders to support stock prices amid efforts by Beijing to stabilize China's sluggish stock markets.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,213.33 | 46.20 | 1.46 |
Hang Seng | 21,319.13 | 110.83 | 0.52 |
Jakarta Composite | 7,214.78 | 10.99 | 0.15 |
KLSE Composite | 1,597.13 | -7.48 | -0.47 |
Nikkei 225 | 26,334.98 | -486.54 | -1.81 |
Straits Times | 3,330.25 | -33.31 | -0.99 |
KOSPI Composite | 2,666.76 | -26.34 | -0.98 |
Taiwan Weighted | 16,990.91 | -57.46 | -0.34 |
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