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Asian markets end mostly higher on Tuesday

03 Jan 2023 Evaluate
Asian markets ended mostly higher on Tuesday ahead of minutes of the US Federal Reserve's latest meeting, with growing expectations that US interest rates will rise at a slower pace this year. Chinese shares gained despite disappointing Chinese economic data. The Caixin manufacturing Purchasing Managers' Index (PMI) edged down to 49 in December from 49.4 in the previous month, while the official manufacturing PMI fell to 47 in December from 48 in the previous month. However, uncertainty over China’s economic reopening and a warning from the International Monetary Fund on a potential recession limited further gains. Seoul shares declined on institutional selling pressure and as data showed factory activity in the country shrank in December, while overall orders posted its sharpest fall in two-and-a-half years.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,116.51

27.25

0.88

Hang Seng

20,145.29

363.88

1.84

Jakarta Composite

6,888.76

37.78

0.55

KLSE Composite

1,473.99

-21.50

-1.44

Nikkei 225

--

--

--

Straits Times

3,245.80

-5.52

-0.17

KOSPI Composite

2,218.68

-6.99

-0.31

Taiwan Weighted

14,224.12

86.43

0.61


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