Asian markets settled mostly higher on Tuesday after reports showed China's factory activity fell at a slower pace in May as coronavirus curbs in major manufacturing hubs eased. Chinese and Hong Kong shares climbed as China's cabinet unveiled a series of new policy measures to bolster the economy and stabilize jobs. However, Japanese shares fell on lack of cues from Wall Street overnight due to Memorial Day holiday. Global investors are remaining cautious about whether the US central bank can control inflation that is running at a four-decade high without tipping the biggest global economy into recession.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,186.43 | 37.37 | 1.19 |
Hang Seng | 21,415.20 | 291.27 | 1.38 |
Jakarta Composite | 7,148.97 | 111.40 | 1.58 |
KLSE Composite | 1,570.10 | 27.08 | 1.75 |
Nikkei 225 | 27,279.80 | -89.63 | -0.33 |
Straits Times | 3,232.49 | -6.43 | -0.20 |
KOSPI Composite | 2,685.90 | 16.24 | 0.61 |
Taiwan Weighted | 16,807.77 | 197.15 | 1.19 |