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Asian markets settle mostly lower on Tuesday

25 Oct 2022 Evaluate
Asian markets settled mostly lower on Tuesday, despite bets that the US Federal Reserve could begin to slow monetary policy tightening later in the year. Chinese shares declined marginally amid concerns over growth prospects following signs that the country won't compromise on issues over Taiwan and the zero-covid policy. Market sentiments dropped further amid fears about Chinese President Xi Jinping's shocking move to tighten his grip on power at a major leadership reshuffle. Concerns over US restrictions on semiconductor exports to China also weighed on Taiwan shares. Although, Japanese shares gained on earnings optimism.

Asian Indices

Last Trade               

Change in Points

Change in %   

Shanghai Composite

2,976.28-1.28-0.04

Hang Seng

15,165.59-15.10-0.10

Jakarta Composite

7,048.38-4.66-0.07

KLSE Composite

1,444.41-2.01-0.14

Nikkei 225

27,250.28275.381.02

Straits Times

2,984.1514.200.48

KOSPI Composite

2,235.07-1.09-0.05

Taiwan Weighted

12,666.12-190.86-1.48

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