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Asian markets settle mostly higher on Tuesday

20 Aug 2024 Evaluate
Asian markets settled mostly higher on Tuesday tracking Wall Street’s gains overnight on dovish Fed expectations. In recent days, Fed speakers have signalled a potential easing in September. Meanwhile, investors were awaiting minutes of the Federal Reserve's July policy meeting and a speech from Chair Jerome Powell at Jackson Hole for more cues on the possibility of an interest rate cut in the September policy meeting. Japanese shares gained followed by a softer yen and gains in technology shares following US economic optimism. However, Chinese shares declined after the People's Bank of China left its benchmark lending rates unchanged as expected. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,866.66

-27.01

-0.94

Hang Seng

17,511.08

-58.49

-0.33

Jakarta Composite

7,533.98

67.15

0.90

KLSE Composite

1,642.77

-5.93

-0.36

Nikkei 225

38,062.92

674.30

1.77

Straits Times

3,370.31

14.75

0.44

KOSPI Composite

2,696.63

22.27

0.83

Taiwan Weighted

22,429.10

19.47

0.09

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