Asian markets settle mostly higher on Tuesday

09 Jul 2024 Evaluate

Asian markets settled mostly higher on Tuesday as traders were awaiting the Federal Reserve Chair Jerome Powell's testimony and key US consumer and producer price inflation figures due this week, that could provide cues on monetary policy path. Meanwhile, big US banks like JPMorgan, Citigroup and Wells Fargo due to report their quarterly results on Friday. Japanese shares gained as chip-related shares leading the surge. Moreover, Chinese shares rose ahead of one of the country's biggest annual policy meetings. However, Hong Kong shares declined marginally ahead the release of Chinese inflation data.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,959.37	36.92	1.25
Hang Seng	17,523.23	-0.83	0.00
Jakarta Composite	7,269.80	18.82	0.26
KLSE Composite	1,614.42	3.40	0.21
Nikkei 225	41,580.17	799.47	1.92
Straits Times	3,426.09	21.62	0.63
KOSPI Composite	2,867.38	9.62	0.34
Taiwan Weighted	23,900.08	21.93	0.09

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