Asian markets settled mostly higher on Tuesday, despite weak cues from Wall Street as concerns remained about the Federal Reserve's aggressive interest rate hikes to fight inflation. Japanese shares gained by a fresh round of weakness in the Japanese yen after the release of upbeat employment data. The jobless rate remained unchanged at 2.6% percent in July, while the availability of jobs grew for the seventh straight month to a more than two-year high, data showed. Although, Chinese and Hong Kong shares declined despite Chinese authorities pledged to stimulate the world’s second-largest economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,227.22 | -13.51 | -0.42 |
Hang Seng | 19,949.03 | -74.19 | -0.37 |
Jakarta Composite | 7,159.47 | 27.42 | 0.38 |
KLSE Composite | 1,512.05 | 10.48 | 0.70 |
Nikkei 225 | 28,195.58 | 316.62 | 1.14 |
Straits Times | 3,239.33 | 17.07 | 0.53 |
KOSPI Composite | 2,450.93 | 24.04 | 0.99 |
Taiwan Weighted | 14,953.63 | 27.44 | 0.18 |