Asian markets settled mostly lower on Tuesday on account of mounting recession worries following signs of a global manufacturing downturn. Weak performance in Wall Street overnight also influenced Asian market sentiments. Chinese, Hong Kong and Taiwanese shares led losses on escalating US-China tension ahead of a possible visit by US House Speaker Nancy Pelosi to Taipei, the capital of Taiwan. Moreover, Japanese shares ended down as a firmer yen against the dollar prompted a sell-off in exporters.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,186.27 | -73.69 | -2.26 |
Hang Seng | 19,689.21 | -476.63 | -2.36 |
Jakarta Composite | 6,988.16 | 19.38 | 0.28 |
KLSE Composite | 1,495.05 | -7.02 | -0.47 |
Nikkei 225 | 27,594.73 | -398.62 | -1.42 |
Straits Times | 3,239.15 | 0.40 | 0.01 |
KOSPI Composite | 2,439.62 | -12.63 | -0.52 |
Taiwan Weighted | 14,747.23 | -234.46 | -1.56 |