Asian stock markets end mixed amid lack of fresh triggers

21 May 2013 Evaluate

Asian stock markets ended mixed on Tuesday, as investor remained cautious ahead of Fed chairman Ben Bernanke's Congressional testimony to Congress and the release of the Fed's May minutes due this Wednesday for cues on the outlook for interest rates. Japan's Nikkei went home with green mark, buoyed by the dollar's rebound against the yen ahead of a Bank of Japan meeting. China's Shanghai Composite closed higher, with property developers leading the gainers amid expectations that a high-level meeting in Beijing to support the urbanization process in the coming weeks will support housing prices. Hong Kong's Hang Seng market closed shutter in negative territory on profit taking after previous day’s rally, while Seoul shares ended almost flat amid lack of fresh triggers.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,305.11	5.13	0.22
Hang Seng	23,366.37	-126.66	-0.54
Jakarta Composite	5,188.76	-26.22	-0.50
KLSE Composite	1,787.38	10.23	0.58
Nikkei 225	15,381.02	20.21	0.13
Straits Times	3,443.90	-10.33	-0.30
KOSPI Composite	1,981.09	-1.34	-0.07
Taiwan Weighted	8,383.05	6.00	0.07

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