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Asian markets end mostly in red on Tuesday

09 May 2023 Evaluate

Asian markets ended mostly lower on Tuesday as investors awaited key U.S. inflation numbers due later in the week for clues on the Federal Reserve's next move on interest rates. The U.S. reports on consumer and producer price inflation will be released on Wednesday and Thursday, respectively, while the Bank of England's interest-rate decision is scheduled on Thursday. China's Shanghai Composite index fell as fresh data showed China's imports contracted sharply in April and exports grew at a slower pace, reinforcing sign of feeble domestic demand. Hong Kong's Hang Seng index tumbled, weighed down by losses in the tech sector. Seoul stocks ended off their day's lows as investors awaited earnings results from major firms, like Duke Energy and Walt Disney Co. due this week. Bucking the trend, Japan’s Nikkei rallied as investors reacted to upbeat earnings news from top companies. Investors largely shrugged off government data showing that Japan's household spending fell 1.9 percent in March from a year earlier.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,357.67

-37.33

-1.11

Hang Seng

19,867.58

-429.45

-2.16

Jakarta Composite

6,779.98

10.35

0.15

KLSE Composite

1,432.63

-1.11

-0.08

Nikkei 225

29,242.82

292.94

1.00

Straits Times

3,242.95

-14.71

-0.45

KOSPI Composite

2,510.06

-3.15

-0.13

Taiwan Weighted

15,727.70

28.13

0.18

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