Asian markets settled mostly higher on Tuesday following a rally on Wall Street overnight, despite cautious ahead of US inflation data due later in the day. The US Federal Reserve is more likely to deliver another 75-bps interest rate hike next week. Chinese shares climbed after Premier Li Keqiang vowed China will continue to roll out phased policies to stabilize its economy. Japanese shares gained as government's plan to further ease Covid-19 border controls helped lift transportation-linked issues. Seoul shares rose as investors returned to their desks following the four-day Chuseok fall harvest holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,263.80 | 1.75 | 0.05 |
Hang Seng | 19,326.86 | -35.39 | -0.18 |
Jakarta Composite | 7,318.02 | 63.56 | 0.88 |
KLSE Composite | 1,487.84 | -10.12 | -0.68 |
Nikkei 225 | 28,614.63 | 72.52 | 0.25 |
Straits Times | 3,290.08 | 15.36 | 0.47 |
KOSPI Composite | 2,449.54 | 65.26 | 2.74 |
Taiwan Weighted | 14,894.41 | 86.98 | 0.59 |