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 |
