Asian markets settled mostly lower on Tuesday due to worries about global economic slowdown following fresh Covid-19 outbreak in China, while energy and cost-of-living crisis loomed over the eurozone economy. Further, markets also declined by tracking overnight fall in Wall Street as investors awaited corporate earnings, a slew of economic data and key inflation figures due this week that could influence the Federal Reserve's path for interest-rate increases. Seoul shares dropped ahead of the Bank of Korea's interest-rate decision slated for Wednesday. Chinese shares fell sharply as fears of new lockdowns in Shanghai undermined the broader China market, while a renewed regulatory offensive against big tech companies also sapped investor confidence.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,281.47 | -32.11 | -0.97 |
Hang Seng | 20,844.74 | -279.46 | -1.32 |
Jakarta Composite | 6,718.29 | -3.86 | -0.06 |
KLSE Composite | 1,426.08 | 0.29 | 0.02 |
Nikkei 225 | 26,336.66 | -475.64 | -1.77 |
Straits Times | 3,145.77 | 14.51 | 0.46 |
KOSPI Composite | 2,317.76 | -22.51 | -0.96 |
Taiwan Weighted | 13,950.62 | -389.91 | -2.72 |