Asian markets settle mostly higher on Tuesday

06 Jun 2023 Evaluate

Asian markets settled mostly higher on Tuesday, despite Wall Street’s overnight fall after data showed growth slowed in the country's services sector in May. Japanese shares gained after data showed that Japan’s wages rose in April, but households' spending remained weak and underlined a patchy economic recovery. However, Chinese shares fell amid heightened Sino-US tensions. Investors were cautiously focusing the upcoming Fed policy meeting in June for directional cues. South Korean market was closed for a holiday.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,195.34	-37.10	-1.16
Hang Seng	19,099.28	-9.22	-0.05
Jakarta Composite	6,618.92	-14.52	-0.22
KLSE Composite	1,383.17	1.91	0.14
Nikkei 225	32,506.78	289.35	0.89
Straits Times	3,190.11	1.10	0.03
KOSPI Composite	--	--	--
Taiwan Weighted	16,761.66	47.23	0.28

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