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Asian markets settle mostly lower on Tuesday

28 Feb 2023 Evaluate
Asian markets settled mostly lower on Tuesday on persistent worries about coming interest rate hikes to tame stubbornly high inflation. Chinese shares gained on optimism over China’s economic recovery and ahead of a reading on the Purchasing Managers' Index (PMI) due on Wednesday. However, slight gains on Wall Street overnight limited further fall in Asian equities. Hong Kong shares slipped after data showed that the country’s exports plummeted nearly 37% in January, marking their worst drop in 70 years. Japanese shares settled flat as factory output posted its biggest fall in eight months in January due to declining overseas demand. 

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,279.6121.580.66

Hang Seng

19,785.94-157.57-0.80

Jakarta Composite

6,843.24-11.54-0.17

KLSE Composite

1,454.19

-1.31-0.09

Nikkei 225

27,445.56

21.600.08

Straits Times

3,262.63-0.61-0.02

KOSPI Composite

2,412.85

10.210.42

Taiwan Weighted

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