Asian markets settled mostly lower on Tuesday as investors were waiting for further cues from US Federal Reserve Chair Jerome Powell who will testify before Congress on Wednesday. Chinese shares declined as investors worried that the China’s latest interest rate cut would not be enough to boost confidence in the weakening economy. Meanwhile, a meeting between Chinese leader Xi Jinping and US Secretary of State Antony Blinken yielded no signs of progress from either side on various bilateral issues. However, shares of Japanese trading companies rose after US investor Warren Buffett increased holdings in its shares in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,240.36 | -15.45 | -0.48 |
| Hang Seng | 19,607.08 | -305.81 | -1.56 |
| Jakarta Composite | 6,660.46 | -25.60 | -0.38 |
| KLSE Composite | 1,388.33 | 1.00 | 0.07 |
| Nikkei 225 | 33,388.91 | 18.49 | 0.06 |
| Straits Times | 3,220.23 | -20.94 | -0.65 |
| KOSPI Composite | 2,604.91 | -4.59 | -0.18 |
| Taiwan Weighted | 17,184.91 | -89.65 | -0.52 |
