Asian markets ended mixed on Tuesday amid worries that Beijing may not ease policy to immediately address an economic slowdown. Chinese market went home with red mark after JPMorgan Chase & Co. cut its growth outlook for the nation’s economy. Japan’s Nikkei too closed lower a day after hitting the highest level since December 2007, as the yen strengthened against the US dollar. Furthermore, the Hang Seng market ended marginally lower after swinging between modest gains and losses in choppy trade, as investors remained concerned over China’s economic outlook. On the other hand KOSPI Composite closed shutters on firm note, as gains in South Korean car and technology companies boosted the market.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,217.01 | -24.91 | -1.11 |
Hang Seng | 22,930.28 | -59.53 | -0.26 |
Jakarta Composite | 5,081.94 | 27.31 | 0.54 |
KLSE Composite | 1,788.43 | 0.53 | 0.03 |
Nikkei 225 | 14,758.42 | -23.79 | -0.16 |
Straits Times | 3,432.76 | 3.80 | 0.11 |
KOSPI Composite | 1,968.83 | 20.13 | 1.03 |
Taiwan Weighted | 8,251.82 | 3.50 | 0.04 |
