Asian markets settled mostly down on Tuesday, tracking mixed Wall Street shares overnight, and after strong US economic data cemented expectations that US interest rates could remain higher for longer than initially expected. Japanese shares slumped amid concerns over rising long-term US yields, while traders also remained on alert for a potential government intervention in currency markets to combat a sustained depreciation in the Japanese currency yen. Hong Kong shares declined after investors returned from a long holiday weekend. Growing concern about China’s weak property market also dampened market sentiments. Meanwhile, South Korean and Chinese markets were closed for holidays.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | -- | -- | -- |
| Hang Seng | 17,331.22 | -478.44 | -2.76 |
| Jakarta Composite | 6,940.89 | -20.57 | -0.30 |
| KLSE Composite | 1,420.01 | 1.25 | 0.09 |
| Nikkei 225 | 31,237.94 | -521.94 | -1.67 |
| Straits Times | 3,192.35 | -16.51 | -0.52 |
| KOSPI Composite | -- | -- | -- |
| Taiwan Weighted | 16,454.34 | -102.97 | -0.63 |
