Asian markets settle mostly higher on Tuesday

05 Nov 2024 Evaluate

Asian markets settled mostly higher on Tuesday, even after Wall Street drifted lower overnight ahead of the presidential election and the Federal Reserve's interest-rate decision due later this week. Japanese shares rose as trading resumed after a long holiday weekend with the US central bank widely expected to cut its main interest rate for a second straight time. Moreover, Chinese and Hong Kong shares gained on prospects of additional stimulus measures from China's major economic meeting this week and after reports showed China's service activity expanded at the fastest pace since July. Chinese Premier Li Qiang said he was fully confident of meeting this year's growth target and that there was room for more stimulus.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	3,386.99	76.78	2.27
Hang Seng	21,006.97	439.45	2.09
Jakarta Composite	7,491.93	12.43	0.17
KLSE Composite	1,620.70	4.27	0.26
Nikkei 225	38,474.90	421.23	1.09
Straits Times	3,581.61	9.57	0.27
KOSPI Composite	2,576.88	-12.09	-0.47
Taiwan Weighted	23,106.79	141.40	0.61

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