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Asian markets settle mostly lower on Tuesday

28 May 2024 Evaluate
Asian markets settled mostly lower on Tuesday on caution ahead of upcoming release of the United States and European inflation data, while market participants are also awaiting speeches from Fed officials for more clarity on the path for Federal Reserve monetary policy. Japanese shares fell as investors anticipated potential policy tightening by the Bank of Japan ahead of its June meeting. While, Japan's service prices rose at the fastest clip in over 30 years in a sign of a broadening inflation trend that boosting the case for gradual increase in interest rates. Chinese shares declined, even as the China's commercial hub Shanghai has lowered down-payment ratios and the minimum mortgage threshold.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,109.57

-14.47

-0.47

Hang Seng

18,821.16

-6.19

-0.03

Jakarta Composite

7,253.63

77.21

1.06

KLSE Composite

1,615.82

-2.45

-0.15

Nikkei 225

38,855.37

-44.65

-0.11

Straits Times

3,330.09

11.64

0.35

KOSPI Composite

2,722.85

-0.14

-0.01

Taiwan Weighted

21,858.41

54.64

0.25

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