Asian markets settled mostly higher on Tuesday on easing banking woes after Regional US lender First Citizens BancShares said it would acquire Silicon Valley Bank's deposits and loans as well as certain other assets from the Federal Deposit Insurance Corporation. Japanese shares gained slightly after Japan’s cabinet approved the use of some funds from the fiscal 2022 budget for measures to soften the impact of inflation. However, Chinese shares declined after reports that the Chinese government will probe over 30 state-owned firms to weed out corruption.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,245.38 | -6.02 | -0.19 |
Hang Seng | 19,784.65 | 216.96 | 1.10 |
Jakarta Composite | 6,760.33 | 51.40 | 0.76 |
KLSE Composite | 1,409.09 | 12.49 | 0.89 |
Nikkei 225 | 27,518.25 | 41.38 | 0.15 |
Straits Times | 3,255.54 | 16.51 | 0.51 |
KOSPI Composite | 2,434.94 | 25.72 | 1.06 |
Taiwan Weighted | 15,701.48 | -128.83 | -0.82 |