Asian markets ended mixed on Tuesday as investors cautiously awaiting the outcome of a Federal Reserve policy meeting late on Wednesday. Investors are betting that the US Federal Reserve would raise the key rate by 75 basis points in light of surging US inflation and that could drag the world's top economy into recession. Japanese shares declined sharply following losses in the Wall Street overnight. However, Chinese shares gained even as strict Covid-19 curbs in China sparked worries of new supply chain disruptions.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,288.91 | 33.36 | 1.02 |
Hang Seng | 21,067.99 | 0.41 | -- |
Jakarta Composite | 7,049.88 | 54.44 | 0.78 |
KLSE Composite | 1,481.28 | 16.45 | 1.12 |
Nikkei 225 | 26,629.86 | -357.58 | -1.32 |
Straits Times | 3,108.89 | -30.46 | -0.97 |
KOSPI Composite | 2,492.97 | -11.54 | -0.46 |
Taiwan Weighted | 16,047.37 | -23.61 | -0.15 |
