Asian markets settled mostly higher on Tuesday, with Chinese and Hong Kong shares gaining after Beijing rolled out more stimulus measures targeting the real estate sector and speculation mounted that the Chinese government was considering the scaling back of its anti-covid policies. However, Japanese shares bucked the trend and fell, tracking a sharp decline in US stocks overnight and after data showed Japanese retail sales grew less than expected in October. Hawkish comments on US interest rates from a top Federal Reserve policymakers still makes investors cautious.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,149.75 | 71.20 | 2.31 |
Hang Seng | 18,204.68 | 906.74 | 5.24 |
Jakarta Composite | 7,012.07 | -5.29 | -0.08 |
KLSE Composite | 1,476.96 | -9.58 | -0.64 |
Nikkei 225 | 28,027.84 | -134.99 | -0.48 |
Straits Times | 3,276.36 | 36.30 | 1.12 |
KOSPI Composite | 2,433.39 | 25.12 | 1.04 |
Taiwan Weighted | 14,709.64 | 152.77 | 1.05 |