Asian markets ended mostly higher on Tuesday tracking Wall Street gains overnight, despite lingering concerns about the potential economic impact from the widely expected US monetary tightening. Meanwhile, an overnight slump in crude prices and a retreat in Treasury yields also helped market sentiments. South Korea’s GDP grew an annual 3.1 percent in the first quarter of the year, up 0.7 percent from the previous quarter. However, Chinese shares declined after the Chinese mainland on Monday reported 1,908 new locally transmitted confirmed Covid-19 cases and 52 more deaths in the past 24 hours. While, in a bid to contain a new outbreak Beijing has launched mass coronavirus testing for nearly all its 21 million residents, sparked worries of a wider lockdown similar to Shanghai.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,886.43 | -42.08 | -1.44 |
Hang Seng | 19,934.71 | 65.37 | 0.33 |
Jakarta Composite | 7,232.15 | 16.17 | 0.22 |
KLSE Composite | 1,596.68 | 6.70 | 0.42 |
Nikkei 225 | 26,700.11 | 109.33 | 0.41 |
Straits Times | 3,322.05 | -17.54 | -0.53 |
KOSPI Composite | 2,668.31 | 11.18 | 0.42 |
Taiwan Weighted | 16,644.79 | 23.89 | 0.14 |
