Asian markets ended mostly higher on Tuesday as investors expecting more clarity ahead of several central bank meetings. The European Central Bank would meet on Thursday to discuss interest rate action, followed by the US Federal Reserve on September 21. Chinese shares gained after China's central bank promised fresh measures to follow a stimulus package released in May. Meanwhile, China reduced amount of foreign-exchange deposits banks need to set aside as reserves for the second time this year to uplift the yuan after the currency hit a two-year low. However, ongoing energy crisis in Europe and the decision to cut global oil output deepened the market concerns over global economic growth.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,243.45 | 43.54 | 1.36 |
Hang Seng | 19,202.73 | -22.97 | -0.12 |
Jakarta Composite | 7,233.16 | 1.28 | 0.02 |
KLSE Composite | 1,488.27 | -1.53 | -0.10 |
Nikkei 225 | 27,626.51 | 6.90 | 0.02 |
Straits Times | 3,224.18 | 8.70 | 0.27 |
KOSPI Composite | 2,410.02 | 6.34 | 0.26 |
Taiwan Weighted | 14,677.20 | 16.10 | 0.11 |
