Asian markets settled higher on Tuesday amidst Wall Street gains overnight following easing fears of banking turmoil. The US Federal Reserve and five other central banks said they are taking action to boost dollar liquidity, as banking crises sweep the United States and Europe. Chinese shares gained, led by defense stocks after the nation's state assets regulator said it would encourage and support centrally administered military related state-owned enterprises (SOEs) to become stronger, better, and bigger. However, investors were cautiously awaiting Fed policy review in Wednesday with hopes of a smaller 25 bps hike in US interest rates. Meanwhile, Japanese market was closed for Vernal Equinox holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,255.65 | 20.74 | 0.64 |
Hang Seng | 19,258.76 | 258.05 | 1.34 |
Jakarta Composite | 6,691.61 | 79.12 | 1.18 |
KLSE Composite | 1,406.55 | 4.74 | 0.34 |
Nikkei 225 | -- | -- | -- |
Straits Times | 3,173.93 | 34.17 | 1.08 |
KOSPI Composite | 2,388.35 | 9.15 | 0.38 |
Taiwan Weighted | 15,513.45 | 93.48 | 0.60 |
