Asian markets ended mostly higher on Tuesday in the absence of cues from Wall Street as the US stock markets were closed Monday for the Juneteenth federal holiday. Meanwhile, bargain hunting emerged at lower levels after stock markets selloff recently. But, investors are remained concerned about recession fueled by skyrocketing inflation and keenly awaiting US Fed Chair Jerome Powell’s testimony for fresh hints on the world’s most powerful central bank’s next rate hike move. Chinese shares settled down as China saw Covid-19 flare-up in cities such as Shenzhen, sparking worries about China’s uncertain recovery path.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,306.72 | -8.71 | -0.26 |
Hang Seng | 21,559.59 | 395.68 | 1.87 |
Jakarta Composite | 7,044.07 | 67.69 | 0.97 |
KLSE Composite | 1,457.88 | 16.64 | 1.15 |
Nikkei 225 | 26,246.31 | 475.09 | 1.84 |
Straits Times | 3,117.48 | 21.08 | 0.68 |
KOSPI Composite | 2,408.93 | 17.90 | 0.75 |
Taiwan Weighted | 15,728.64 | 361.06 | 2.35 |