Asian markets end higher on Tuesday

29 Aug 2023 Evaluate

Asian markets ended higher on Tuesday, following positive cues from global markets, as China announced a slew of measures to boost the sagging economy. Chinese market climbed on expectations that policymakers will unveil more supportive measures to support the sputtering economy. Japanese shares ended higher amid the yen continued to weaken in quiet trade. Investors shrugged off data showing that Japan's unemployment rate rose for the first time in four months in July. The unemployment rate in Japan came in at a seasonally adjusted 2.7 percent in July, the Ministry of Internal Affairs and Communications said. That exceeded expectations for 2.5 percent, which would have been unchanged from the June reading. Meanwhile, Markets looked ahead to a raft of key economic readings from the U.S. and China this week for additional clues on the rate and economic outlook.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,135.89	37.25	1.19
Hang Seng	18,484.03	353.29	1.91
Jakarta Composite	6,957.84	36.11	0.52
KLSE Composite	1,454.44	10.38	0.72
Nikkei 225	32,226.97	56.98	0.18
Straits Times	3,223.09	9.41	0.29
KOSPI Composite	2,552.16	8.75	0.34
Taiwan Weighted	16,623.65	114.39	0.69

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