Asian markets ended mostly higher on Tuesday as many regional markets resumed trading after the Easter holiday break, even as strong US manufacturing data along with signs of rising component prices in the ISM report raised concerns over the timing of interest rate cuts by the US Federal Reserve. Hong Kong shares led gains, with shares of Xiaomi jumping as much as 16% after the consumer electronics company reported solid orders after its foray into the world’s biggest electric vehicles (EV) market. Moreover, Japanese shares gained marginally amid concerns over potential government intervention in the currency market to curb the Yen’s weakening trend. Japanese Finance Minister Shunichi Suzuki said that authorities were ready to take appropriate action against excessive currency market volatility, without ruling out any options.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,074.96 | -2.42 | -0.08 |
| Hang Seng | 16,931.52 | 390.10 | 2.30 |
| Jakarta Composite | 7,236.98 | 31.92 | 0.44 |
| KLSE Composite | 1,547.99 | 3.97 | 0.26 |
| Nikkei 225 | 39,838.91 | 35.82 | 0.09 |
| Straits Times | 3,247.72 | 12.83 | 0.40 |
| KOSPI Composite | 2,753.16 | 5.30 | 0.19 |
| Taiwan Weighted | 20,466.57 | 244.24 | 1.19 |
