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 | 27,250.28 | 275.38 | 1.02 |
Straits Times | 2,984.15 | 14.20 | 0.48 |
KOSPI Composite | 2,235.07 | -1.09 | -0.05 |
Taiwan Weighted | 12,666.12 | -190.86 | -1.48 |
