Asian markets ended mostly lower on Tuesday amid worries that higher rate increases in the United States might stall global growth. Japan stocks ended lower as losses in the Gas & Water, Construction and Services sectors led shares lower. Hong Kong stocks fell after a one-day holiday, playing catch-up on Wall Street. However, China's Shanghai Composite index ended higher after the Chinese government announced rent cuts and other aid for small businesses in a new effort to boost economic growth. The yuan has found some stability after earlier slipping to a new 18-month low, as China’s benchmark money market prices are trading with 16-month lows.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,035.84 | 31.70 | 1.06 |
| Hang Seng | 19,633.69 | -368.27 | -1.84 |
| Jakarta Composite | 6,819.79 | -89.96 | -1.30 |
| KLSE Composite | 1,554.58 | 5.40 | 0.35 |
| Nikkei 225 | 26,167.10 | -152.24 | - 0.58 |
| Straits Times | 3,234.19 | -40.88 | -1.25 |
| KOSPI Composite | 2,596.56 | -14.25 | - 0.55 |
| Taiwan Weighted | 16,061.70 | 12.78 | 0.08 |
