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Asian markets settle mixed on Tuesday

27 Aug 2024 Evaluate
Asian markets settled mixed on Tuesday ahead of Nvidia's eagerly awaited earnings later in the week. Meanwhile, investors were also eagerly awaiting US inflation figures as interest rate cut speculation rises. Moreover, rising tensions in the Middle East and the Canadian government's action to impose a large tax on Chinese-made electric vehicles have kept sentiments bearish. Chinese shares declined, despite data showed China's industrial profits grew faster in July buoyed by high-tech manufacturing. Seoul shares fell as Korean won weakened slightly against the US dollar. Japanese shares gained as a softer yen boosted exporters.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

2,848.73

-6.79

-0.24

Hang Seng

17,874.67

75.94

0.43

Jakarta Composite

7,597.88

-8.32

-0.11

KLSE Composite

1,652.29

13.33

0.81

Nikkei 225

38,288.62

178.40

0.47

Straits Times

3,398.47

2.44

0.07

KOSPI Composite

2,689.25

-8.76

-0.33

Taiwan Weighted

22,185.00

-55.12

-0.25

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