Asian markets settled mostly higher on Tuesday. Chinese shares gained as real estate developers rallied further on reports that Beijing was planning to set up a fund to aid the troubled industry. Hong Kong shares rose after Chinese tech giant Alibaba Group announced plans to change the status of its Hong Kong-traded shares to make them more accessible to mainland Chinese buyers. However, Japanese shares declined following the mixed cues from Wall Street overnight ahead to a week of Big Tech earnings and a crucial interest rate decision from the United States. The minutes of Bank of Japan's June meeting cited the need to watch the impact of financial and forex market moves on the economy and prices.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,277.44 | 27.05 | 0.83 |
Hang Seng | 20,905.88 | 342.94 | 1.67 |
Jakarta Composite | 6,871.54 | 13.13 | 0.19 |
KLSE Composite | 1,463.69 | -5.53 | -0.38 |
Nikkei 225 | 27,655.21 | -44.04 | -0.16 |
Straits Times | 3,192.12 | 11.65 | 0.37 |
KOSPI Composite | 2,412.96 | 9.27 | 0.39 |
Taiwan Weighted | 14,806.78 | -129.55 | -0.87 |
